servicing

Welcome to the 'servicing' tag page at Technorati. This page features content from the farthest reaches of the Blogosphere that authors have "tagged" with 'servicing'.

Latest blogosphere posts tagged “servicing”

• Stuyvesant Town In Effective Default, As Loan Moved To Special Servicing; Mezz Lenders SL Green And Fortress Wiped Out

  
  zero hedge — Authority: 761
  Look for the next batch of CRE numbers to be the worst ever as Tishman and BlackRock move the loan backing Stuyvesant Town to special servicing, in essence throwing in the towel, and pushing the affordable home complex into default. According to Fitch the propertys worth has plunged from $3 to $1.8 billion. This means ...
  1 day ago

• Monday Morning Cup of Coffee

  
  Housing Wire — Authority: 692
  A look at the stories on HousingWire’s weekend desk…with more coverage to come on bigger issues:The industry buzzed this weekend over news of continued heavy losses at the government-sponsored enterprises (GSEs).Mortgage giant Freddie Mac (FRE: 1.23 0.00%) posted a $5bn net loss in Q309 at $10.4bn net worth as of ...
  1 day ago

• FOLLOWING THE MONEY — WHAT TO ASK FOR AND LOOK FOR

  
  Livinglies's Weblog — Authority: 131
  MANY THANKS TO DAN EDSTROM Dan has put together a list which frankly I would like him to expand. Following the money means determining the party to whom you MIGHT owe money. It certainly isn’t the pretender lender and if you can fill in the blanks on this list you will be able to show that. Remember the burden is ...
  2 days ago

• Stuyvestant Town’s $3B Loan Goes to Special Servicing

  
  Square Feet — Authority: 551
  Not really news as the previous income and debt-coverage numbers revealed this asset is in a world of hurt, not to mention the hit it will take as a result of all the legal wrangling going on about rent controls. This is one big capital stack. Fitch has already reduced CMBS ratings on a number [...]
  2 days ago

• A few steps in car service for longevity

  
  Office Design News — Authority: 152
  It is essential to have your car or truck serviced on a routine basis in order to get the most longevity out of your vehicle. Let’s say you need car servicing, and you own A Volvo and need Volvo services. You do not have to go to an auto shop for your Volvo services, to do the little things that make a huge ...
  3 days ago

• A few steps in car service for longevity

  
  World Wide Blog — Authority: 151
  It is essential to have your car or truck serviced on a routine basis in order to get the most longevity out of your vehicle. Let’s say you need car servicing, and you own A Volvo and need Volvo services. You do not have to go to an auto shop for your Volvo services, to do the little things that make a huge ...
  3 days ago

• A few steps in car service for longevity

  
  Mobile Phone Marketing — Authority: 152
  It is essential to have your car or truck serviced on a routine basis in order to get the most longevity out of your vehicle. Let’s say you need car servicing, and you own A Volvo and need Volvo services. You do not have to go to an auto shop for your Volvo services, to do the little things that make a huge ...
  3 days ago

• BarCap Sees ‘Limited Use’ of Fannie’s Deed-for-Lease Program

  
  Housing Wire — Authority: 692
  Although a new foreclosure alternative program announced Thursday by Fannie Mae (FNM: 1.04 -7.14%) presents a new step in mitigating foreclosure risk among distressed borrowers, it looks to have only a “marginal” effect on prepayments within Fannie residential mortgage-backed securities (RMBS), according to market ...
  4 days ago

• Higher Unemployment Means Many More Distressed Properties to Come

  
  Housing Wire — Authority: 692
  A panel meeting today at the Safeguard Properties National Property Preservation Conference in Washington DC shifted gears to address the “unexpected” jump in unemployment rates.Unemployment in the United States now stands at 10.2%, somewhat beyond the forecast of economists.The US Conference of Mayors, a ...
  4 days ago

• IBM To Launch HAMP Mod Software in 2010

  
  Housing Wire — Authority: 692
  In January 2010, the global IT services giant IBM (IBM: 122.98 +0.35%) plans to launch a new loan modification software package that will give borrowers more on-hands control of their mortgage modifications.On display at the Loan Modification Conference this week in Dallas, Texas, the interface provides borrower ...
  4 days ago

• American Home Mortgage Servicing Inc. Files Lawsuit Against Ohio Attorney General

  
  LoanWorkout.org — Authority: 441
  COPPELL, Texas–(Business Wire)– American Home Mortgage Servicing, Inc. (AHMSI) filed suit today in Franklin County, Ohio, against the Ohio Attorney General to dispute unsupported allegations made in a pre-suit letter from the Ohio Attorney General`s office regarding the company’s mortgage loan servicing ...
  4 days ago

• Calif. Commercial Delinquency Rate Drops to 0.23%: CMBA

  
  Housing Wire — Authority: 692
  The delinquency rate for commercial loans in California slipped 3bps from 0.26% to 0.23% in Q309, according to a survey conducted by the California Mortgage Bankers Association (CMBA).The survey spans 16 mortgage banking firms and more than $55bn of commercial and multi-family loans. Of the 6,453 loans surveyed, 19 ...
  4 days ago

• Ohio Attorney General Sues American Home Mortgage Servicing Inc.

  
  LoanWorkout.org — Authority: 441
  Cordray Files Second Suit Against Mortgage Servicers – 11/5/2009(CLEVELAND)—Ohio Attorney General Richard Cordray today filed a lawsuit against American Home Mortgage Servicing Inc. (AHMSI), a Texas-based company servicing more than 12,000 subprime and prime mortgage loans in Ohio. The lawsuit alleges numerous ...
  4 days ago

• Ocwen Loses $42m in Q309 After 39% Drop in Servicing Income

  
  Housing Wire — Authority: 692
  Ocwen Financial (OCN: 9.99 -4.22%) reported a $42m net loss, or $0.51 a share, in Q309, compared to a $15m net income in Q308.A $50.6m one-time tax expense from the spin-off of its technology and business outsourcing line, Ocwen Solutions, cut into the $23.5m in pretax income for Q309.Income for Ocwen Financial’s ...
  4 days ago

• American Home v. Ohio AG v. American Home

  
  Mortgage-Blog — Authority: 152
  A complaint was filed in an Ohio court against Ohio’s attorney general by American Home Mortgage Servicing Inc. On the same day, the attorney general filed another lawsuit filed another lawsuit in Ohio against American Home. Ohio claims the company used modification agreements that forced borrowers to pay excessive ...
  4 days ago

• PHH Fundings Off, Big MSR Write-Downs

  
  Mortgage-Blog — Authority: 152
  Third-quarter residential originations fell 18 percent from the second quarter, PHH Corp. announced. Applications, meanwhile, were down nearly a quarter. PHH took $186 million in negative valuation adjustments on its mortgage servicing rights.
  4 days ago

• AHMSI, Ohio AG Swap Lawsuits Over Servicing Claims

  
  Housing Wire — Authority: 692
  American Home Mortgage Servicing Inc. (AHMSI) is filing a “pre-emptive” lawsuit contesting allegations made by the Ohio attorney general this week.AHMSI said it received a letter from the Ohio attorney general’s office, claiming its mortgage servicing — including customer service, loss mitigation and loan ...
  4 days ago

• Fannie Mae Loses $19.8bn in Q309

  
  Housing Wire — Authority: 692
  Fannie Mae (FNM: 1.12 +2.75%) posted a net loss of $19.8bn, or $3.47 per share, in Q309, compared with a net loss of $15.2bn in Q209, according to a Securities and Exchange Commission (SEC) filing.The results were impacted primarily by $22bn in credit-related expenses, which substantially offset revenue of $5.9bn, ...
  4 days ago

• Mortgage Modifications ‘Insignificant’ to Credit Scores: VantageScore

  
  Housing Wire — Authority: 692
  Restructuring plans on a mortgage, whether in the form a forbearance, modification or short sale, have a relatively insignificant effect on the consumer’s credit score, said Sarah Davies, vice president of VantageScore, at the Loan Modifications Conference now underway in Dallas, Texas.VantageScore measures the ...
  4 days ago

• Fannie Pushes Rental Alternative to Foreclosure

  
  Housing Wire — Authority: 692
  Mortgage giant Fannie Mae (FNM: 1.12 +2.75%) released details Thursday of a deed-for-lease program designed to offer borrowers an alternative to foreclosure.The Deed-for-Lease (D4L) Program aims to minimize neighborhood blight and encourage house price stabilization by cutting down on foreclosures, real estate-owned ...
  5 days ago

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