Mortgage defaults

A Fair Housing Act lawsuit allowed to stand against a lender degrees removed from the alleged injury is one example of how broadly defined discrimination laws will open an abyss of litigation.

From due diligence and portfolio analysis to strategies for compliance and raising capital, the rapidly-evolving market for buying and selling distressed mortgage assets has created both challenges and opportunities for investors, servicers and portfolio managers.

Velocity Commercial Capital took steps to verify the so-called liar loan included in VCC 2015-1, a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.

Loan modifications, short sales and other mortgage workouts outpaced the total number of foreclosure sales in July, according to the Hope Now alliance.

American Homes 4 Rent has completed its second single-family rental securitization of the year.

Freddie Mac's next bond with exposure to actual losses on mortgages only features loans with loan-to-value ratios of over 80%.

The percentage of residential properties with negative equity fell to the single digits in the second quarter, according to CoreLogic.

Commercial real estate investment firm Case Real Estate Capital has purchase two nonperforming senior notes for $20.5 million.

The rising costs to service mortgages reflects a market where there are not only downsides to being too small, but hurdles to being too large — raising the question of whether there's a middle ground where servicers are not too big, not too small, but just right.

Moody's Investors Service just flagged a risk in bonds backed by single-family rentals: there aren't enough special servicers.