Servicing

Fannie Mae’s first multifamily delegated underwriting and servicing real estate mortgage investment conduit deal backed by floating rate collateral attracted banks as well as other buyers.

NewDay USA, a nationwide reverse mortgage lender, has named former Government National Mortgage Association president Joseph Murin as its new president and chairman.

Some mortgage bankers that have perfected HARP refinancings are starting to hunt for servicing portfolios that are rich with program eligible loans.

Integra Group Real Estate expanded its property management services to now provide inspections for vacant rental and real estate-owned properties.

As the Mortgage Bankers Association’s annual conference in Chicago gets closer, I’m remembering what a great mortgage party town the Windy City has been over the years.

Are businessmen of all different stripes, including lenders, holding back on hiring?

The Consumer Financial Protection Bureau is focusing strong attention on large bank and nonbank residential servicers.

Senate Democrats are trying to revive a mortgage refinancing bill—for Fannie Mae and Freddie Mac borrowers—by reintroducing a slimmed-down version of the measure.

Pacifica Companies, LLC, San Diego, was declared the winning bidder on a Fannie Mae bulk REO portfolio, paying just $12.3 million for a package of 699 Florida properties valued at $81.5 million.

Cashmere Valley is turning to outsourcing to help make sense of the complicated legislation that after two years is still developing as provisions get delayed, clarified or rewritten. For banks with assets of less than $10 billion, it's not even clear which parts of the law apply.