Foreclosure Nation

The real-estate firms managing the swelling volume of distressed commercial mortgages that were sliced and diced on Wall Street are blazing new trails as they pick up the pace of working through bad loans. The firms, known as special servicers, are dealing with an influx of souring loans backed b...

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So far the estimated total is that there are about $1 trillion in second mortgages out there. About 10% of the entir emortgage nut. Many homeowners are defaulting on their first mortgage but paying the second because second payments are often owner, maybe they know second lenders ar emroe aggressi...

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Topping the list of U.S. master and primary servicing was Wells Fargo/Wachovia Bank with $473.8 billion, followed by PNC Real Estate/Midland Loan Services with $322.9 billion, Berkadia Commercial Mortgage with $217.9 billion, Bank of America Merrill Lynch with $131.7 billion, KeyBank Real Estate Cap...

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