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Mortgage Servicing News back issues
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Red Flag on CRE Riskiness.(News)
July 1, 2009... Byline: Heather Landy
New York-The shorter the maturity, the smaller the risk - that's supposedly the rule of thumb in lending.
But credit crunches have a way of proving exceptions to such rules, and if Deutsche Bank Securities Inc. analyst Richard Parkus is right, banks holding...
Many 90-Day Overdues Are Slow in Going into Foreclosure.(News)
July 1, 2009... Byline: Jennifer Harmon
New York-Due to a decline in home prices and other factors, Fitch Ratings is seeing a continued rise in defaults as defined by monthly rolls of 90-plus, foreclosure or REO on a national basis. There has been a moderating influence from foreclosure moratoriums,...
Servicer Criteria Will Aid Movement.(News)
July 1, 2009... Byline: James Comtois
New York-To reflect current commercial real estate market conditions and their effect on mortgage servicing, Fitch Ratings here has updated its U.S. commercial mortgage-backed securities servicer rating criteria, which the company plans will result in moderate rating...
HE Servicing Sector Affects Revenue.(News)
July 1, 2009... Byline: Amilda Dymi
Columbus, IN-Drops in home-equity loan processing revenune and related increases in provisions for loan losses have taken a toll on first-quarter earnings of various banks.
Irwin Financial Corp. here reported $94 million in losses for the first quarter, which...
Unemployment Fuels Price Drop in 3 of 4 Regions.(News)
July 1, 2009... Byline: Amilda Dymi
Denver-Mortgage services solutions provider Integrated Asset Services LLC here finds that at the U.S. Census region level declines in house prices correlate to initial unemployment claims in the respective areas.
Of the four regions, the IAS360 Index reported the...