Servicing

Once the industry realized just how horrible the housing crisis was, discussions about REO-to-rental and deed-for-lease strategies became popular and the debate continues today.

Support for the California Foreclosure Reduction Act, which requires all lenders to abide by a number of consumer protection provisions of the national mortgage settlement, appears to be unanimous.

Clear Capital launched its Rental Market Report to determine the appropriate rental rates and potential rental income for properties in a specific market.

Servicers supervised by the Office of the Comptroller of the Currency completed fewer loan modifications in the first quarter as the number of delinquent borrowers who need assistance appears to be shrinking.

The Australian ABS market remains stabile as losses for all vintages are expected to stabilize during the second half of this year despite a slight increase in delinquencies and losses for Australian ABS in 1Q 2012.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

Equifax's May National Consumer Credit Trends Report shows the total volume of severely delinquent first-mortgage loans declined to $450 billion from the peak of more than $700 billion in January 2010.

Analysts at Fitch Ratings have returned Old Republic International Corp. to Ratings Watch Negative status following the cancellation of the spinoff of the mortgage insurance business into a separate entity.

Despite the well-known symbiotic relationship between crime rates and the socio-economic wellbeing of a neighborhood attempts to measure the toll of crime on home values are scarce if nonexistent.

In the wake of several significant regulatory developments, and with more changes looming, it seems clear that esponsible servicing professionals will need to evolve and adapt to new realities.