Servicing

MSI Mortgage Services III LLC has finally put together all the pieces so it can refinance hundreds of underwater conventional loans per month through the FHA’s short sale program.

The latest upgrade, version 1.1.001, connects all real estate professionals involved in short sale transactions into one nationwide network.

Bay Area home sales jumped almost 15% in May on a sequential basis—and 26% compared to a year ago.

Bay Area home sales jumped almost 15% in May on a sequential basis—and 26% compared to a year ago.

The Securities and Exchange Commission has appointed Thomas Butler as director of the agency's new office of credit ratings.

Structured finance investors would prefer to rely on fewer sources of pricing for tracking deals, according to 107 investors in the industry surveyed by Principia Partners.

It could be the most underserved part of the market: investors stuck with rental properties – and who don’t want to default – need to refinance but can’t because they’re underwater on home equity.

Former Taylor Bean & Whitaker CFO Delton de Armas pleaded guilty to one count of conspiracy to commit bank and wire fraud, and one count of making false statements.

Several analysts have called last month's decision by the Federal Reserve to raise minimum Tier 1 common equity requirements for banks to 7% a death knell for thrifts.

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.