Servicing

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.

Old Line Bancshares Inc. has acquired WSB Holdings Inc. following a merger agreement that creates one of the largest banks serving the Maryland area.

New computer software designed to help people pay off their mortgage, get out of debt and automate debt consolidation is coming to the U.S. from New Zealand.

The Consumer Financial Protection Bureau is intensely focused on fair lending as well as fair servicing.