Servicing

Ally Bank has reached an agreement to sell a portfolio of more than $85 billion in agency mortgage servicing rights to Ocwen Financial Corp. for roughly $585 million.

It is a sign of both the tough economy and the changing regulatory environment for mortgage servicers that they are upgrading the technologies they use to manage mortgage defaults.

VantageScore Solutions has reconstructed its credit scoring model both to aid lender implementation and consumer understanding.

Real estate information provider DataQuick has introduced a new set of portfolio analytics.

Prime borrowers whose loans are making up the small number of private mortgage-backed securities pools issued since the start of 2010 are prepaying at rapid rates.

An affiliate of Oaktree Capital Management has acquired, in partnership with National Financial Realty, a 40-building office property portfolio for $240 million from First States Investors.

A Federal Reserve Board governor expects the supply of existing homes on the market will remain tight for some time.

MACK Cos. sold 93 single-family rental properties to American Residential Properties for more than $12 million.

The success of MGIC Investment Corp.’s recent equity and debt offerings has mitigated Standard & Poor’s concerns that the private mortgage insurer could be taken over by regulators.