Servicing

First Bancorp, the holding company for FirstBank Puerto Rico, said that the financial institution has reached three separate agreements to sell a total of $532 million of unpaid principal balance in classified and nonperforming commercial loans.

Inconsistent, manual or expensive platforms that do not assess a mortgage loan portfolio in its entirety are a thing of the past.

The TD Bank Mortgage Service Index found that over half of the participating consumers expect more from their lenders.

The downgrade reflects an increase in expected losses primarily due to updated property valuations on the specially serviced loans.

Delinquent loans in commercial mortgage-backed securities increased in March by eight basis points.

Home prices ended the first quarter of 2013 similar to how they started the year: stable and in positive territory.

The percentage of consumers who were late on paying their home equity loans fell to 4.03%, their lowest level in three quarters.

As of April mortgage banks large and small are expected to ensure their loan originators take the so-called Uniform State Examination, which by default is relevant to servicers as well.

Ellington Management Group is moving into the rental home business.

To increase online banking efficiency USAlliance Federal Credit Union has partnered with cross-selling technology provider Micronotes.