Servicing

County recorders in New Jersey will now be required to accept electronic documents, following the recent enactment of a bill to modernize the land recording process.

The long list of issues to be discussed at the MBA National Mortgage Servicing Conference in Orlando includes new government regulations, how are the servicers adjusting their processes to remain in compliance, technology that improves operational processes, and how to ensure sensible property valuations, which according to Susan Allen, one of the conference speakers, is key to mortgage servicing.

A recent Moody's Investors Service report found that securitized commercial mortgage credit quality in the fourth quarter of last year was largely the same as it was in the previous quarter, but that there was a mix of risks and credit positives that produced that stability.

Multifamily's high delinquency rates relative to other property types stems largely from loans on rent-stabilized New York properties and other loans in this category have had had a better track record when it comes to performance, according to Fitch.

Things generally have been looking better for commercial mortgage-backed securities, but those investing in the space should consider the nuances involved as well as the big picture.

After a yearlong effort to reach a multistate settlement with the top five mortgage servicers, state attorneys general and the firms involved finally appear to be close to a deal. But even before it is signed, there are already questions about how it will be implemented and future litigation risks.

Loan originations on income producing properties will rise 17% this year to nearly $230 billion, the Mortgage Bankers Association is projecting in its first-ever non-residential lending forecast.

Washington's inability to come to grips with the nation's debt issues and other economic woes is costing jobs and holding back the economy, the president of the Mortgage Bankers Association charged in a speech Tuesday

A House Financial Services subcommittee is slated to mark up an FHA reform bill Tuesday that establishes a minimum annual mortgage insurance premium and extends the agency's indemnification requirements to all approved lenders.

Richard Cordray made his first appearance on Capitol Hill this past week in front of the Senate Banking Committee.