Servicing

Since 2009, Fitch Ratings said over 500 CMBS loans—or 5% of previously resolved loans—have made at least one trip back to special servicing to be corrected or liquidated.

A servicer failed to notify the asset preservation company that the short sale closed, resulting in the locks being changed.

Nationstar Mortgage Holdings Inc. is issuing notes to finance its purchases of residential mortgage servicing and for other purposes.

Outsourcing firm Indecomm Global Services has launched new foreclosure assignment services for use in the creation, execution, recording and tracking of foreclosure assignments as well as the verification of the title on the property.

Kent Conrad, the former Democratic U.S. Senator from North Dakota, has joined the board of Genworth Financial.

Multiple bankruptcies suffered by various developers who have tried to fashion something out of the Ritter Ranch property over the years have resulted in an incomplete infrastructure and a long list of bond default notices.

Only vulnerable super-senior classes in commercial mortgage-backed securities are exposed to the risk of interest shortfalls that affected the super senior class of Morgan Stanley Capital I, according to Fitch Ratings.

An exclusive $828 million bulk Fannie Mae servicing portfolio with subsequent monthly co-issue flow servicing of $15 million-$20 million per month is up for bid.

Just three of the 17 Mortgage Industry Equity Composite stocks finished trading on Thursday ahead of their Wednesday close, as investors continue to worry about the situation in Cyprus.

According to new Census data, home equity losses due to the foreclosure crisis took a toll on household wealth and pushed older Americans deeper in debt.