Servicing

Boxing reminds me a lot of today's lenders. Most lenders get into the ring every day, fighting until someone drops. The reason however is not to win a match, but to prevent a repurchase.

The Siegel Group, a commercial real estate company that specializes in the disposition and development of underperforming assets with significant turnaround potential, recently partnered with a small private investment group to purchase a foreclosed Las Vegas hotel for $4.2 million.

Fannie Mae has expanded its online platform to collect and manage real estate offerings for its HomePath properties throughout the country.

Eli Braha, principal of the privately-held real estate company Berkley Acquisitions, is launching a $100 million fund that will seek to invest mainly in opportunistic and distressed assets in the New York metropolitan area.

Dozens of commercial buildings, retail properties, homes, office buildings, home sites and land currently owned by the Federal Deposit Insurance Corporation will be put up for auction in early March by John Dixon & Associates.

The $77.6 million HomeStreet Inc. expects to raise in its initial public offering would go a long way toward improving its capital levels but not far enough to satisfy a regulatory order.

WASHINGTON - Federal officials and state attorneys general released new documents Tuesday about the $25 billion multi-state servicing settlement, but still have yet to release a final settlement term sheet.

The Obama administration is urging Congress to extend a tax provision allowing troubled homeowners that complete a short sale -- or benefit from a principal reduction -- to avoid paying taxes on the discharged amount of their loan balance.

GA Keen Realty Advisors recently announced that the landmark H&H Bagels property in New York sold for $11 million at bankruptcy sale. The buyer of the property was not disclosed.

Radian Guaranty's delinquent loan inventory grew by 500 loans in December, but then fell by 1,000 units during January.