Credit-Based Asset Servicing and Securitization LLC, a specialty servicer controlled by mortgage insurance giants MGIC and Radian, agreed in March to acquire Fieldstone Investment Corp., Columbia, Md., for $4 a share under an amended purchase agreement. A recent item referred to the fact that Fieldstone had put itself on the auction block late last year, leaving the erroneous impression that it was still for sale.
While raising concern, foreclosures were returning to normal historical trends, with timelines also shortening in the first half of 2026, Attom said.
The deal will repay principal on a monthly basis, with senior expenses and fees first, unpaid interest payments on the class A and class B notes, then amounts to satisfy the coverage tests or to fund a principal reserve, if any.
Bob Murphy was a key figure in vendor management as the co-founder of Lenders Service Inc., which is considered the first AMC, and later created ValuAmerica.
Randian Capital, which has limited influence due to its small stake in the top mortgage company, is recommending a new strategy for the servicing portfolio.
Increased use of artificial intelligence led to revenue growth and productivity gains during the second quarter, the bank's leaders said.
Economists at the government-sponsored enterprise have been lowering their single-family origination volume estimates for several months.
