Servicing

New York Gov. Andrew Cuomo is in the process of defining the details of a new $1 billion House New York Program.

Commercial mortgage lender Walker & Dunlop said it now expects 2013 loan volume of between $10 billion and $12 billion, up from the previous prediction of between $8 billion and $10 billion.

The agreement would end case-by-case reviews of foreclosures under earlier accords with the biggest mortgage servicers.

Approximately 29% of American homeowners do not have any debt on their primary residence.

Blackstone Group accelerated purchases of single-family homes as prices jumped faster than it expected.

Resource Real Estate Opportunity REIT completed last year in productive form by capitalizing on approximately $2 trillion in commercial real estate debt that is maturing over the next few years.

Bank of America is said to be considering more sales of mortgage servicing rights following its announcement that it is selling $300 billion of servicing rights to two separate buyers.

Even though less securitized commercial mortgage loan deals moved into special servicing in 2012 analysts are cautiously optimistic for 2013.

New York State, which depending on who one talks to, is hailed or booed about its foreclosure prevention policies, may have already set a precedent for the future of how regulators monitor mortgage servicers.

Radian Guaranty Inc. did $37.1 billion in primary new mortgage insurance written in 2012.