Servicing

The New York City Apartment Portfolio Roll-Up loan received a split modification following new property valuations based on conversions from rent-stabilized to market-rent values.

Goldman Sachs and Morgan Stanley reached a settlement with the Federal Reserve Board over deficient practices in mortgage loan servicing and foreclosure processing.

A report from the Harvard Joint Center for Housing Studies suggests changes to the housing finance system may negatively affect future lending to lower-income and minority borrowers.

Genworth Financial Inc. will undertake a restructuring that in essence separates out its U.S. and European mortgage insurance operations from its life insurance operations.

The mortgage servicer settlement with federal regulators resulted in an $80 million fourth-quarter expense accrual for U.S. Bancorp, reducing its earnings per share by $0.03.

Homebuilders remain optimistic that a housing recovery will continue to take shape this year.

Andrea Johnson has been selected by US REO Partners to become the group’s new president.

While private-equity firms snap up foreclosed homes in California, Arizona and Florida, smaller investors have found bargain-basement bonanzas in Detroit.

Even before the Consumer Financial Protection Bureau comes out with rules this week to address servicing failures, the National Consumer Law Centerat is crying foul.

December home sales in Southern California reached their highest mark in three years.