Servicing

Patrick Sheehy, a top mortgage executive at Chase, has left the company, National Mortgage News has learned.

Union Bank, San Francisco, one of the largest jumbo lenders in the U.S., is on track to fund a record $9 billion in loans this year, according to a top officer at the company.

Ellie Mae COO Jonathan Corr discusses how mortgage companies should time new technology purchases to take advantage of market dynamics.

One tenet of real estate investing is that you never should sell a home in a down market. And one tenet of mortgage banking has always been that you don’t sell servicing rights in a down market either.

Commercial mortgage-backed securities delinquencies declined by nine basis points in August when compared to July, but conduit loans backed by office properties remain a problem.

The strong recovery in commercial real estate prices that commenced in early 2010 continues, albeit it “has lost steam over the last three quarters.”

The Federal Housing Administration has opened the bids for its Sept. 12 sale of 5,000 nonperforming formerly insured FHA loans and the results are “very, very positive.”

Freddie Mac is adding some new innovations to upcoming commercial mortgage securities deals from its so-called K series.

First Valuation hired Sue Potteiger as its president to leverage the company’s proprietary valuation technology.

Foreclosure filings rose modestly in August compared to the prior month, as lenders are still struggling to work through the backlog of delinquent mortgages, according to RealtyTrac.