http://www.nationalmortgagenews.com/feeds/MSN.xml Daily headlines from Mortgage Servicing News en Copyright 2009, SourceMedia, Inc. and Mortgage Servicing News. All rights reserved. Fri, 6 Nov 2009 20:47:02 EST andras.malatinszky@sourcemedia.com http://www.mortgageservicingnews.com/images/msn.gif http://www.mortgageservicingnews.com/ 375 78 http://www.mortgageservicingnews.com/plus/ Wilshire Credit Corp., Beaverton, Ore., is talking to Fannie Mae about becoming a "force-placed" servicer for the GSE, according to investment banking sources familiar with the situation. 2009-11-05 12:00:04 http://www.mortgageservicingnews.com/plus/ GMAC Financial Services said during its third-quarter conference call that it would no longer provide separate quarterly or annual reports for Residential Capital Corp., its troubled residential mortgage division. 2009-11-05 12:00:02 http://www.mortgageservicingnews.com/plus/ A loss of $139 million in its mortgage servicing segment was the primary reason for a third-quarter net loss of $52 million at PHH Corp., Mount Laurel, N.J. 2009-11-05 12:00:01 http://www.mortgageservicingnews.com/plus/ Old Republic International Corp., Chicago, is in a dispute with its auditors, PricewaterhouseCoopers LLC, over the reporting of reinsurance transactions undertaken by its mortgage guaranty business. 2009-11-04 12:00:07 http://www.mortgageservicingnews.com/plus/ Treasury Department officials are warning state and local housing finance agencies that the Obama administration's recently unveiled temporary bond purchase program is oversubscribed and that agencies will likely receive less assistance than they requested as a result. 2009-11-04 12:00:05 http://www.mortgageservicingnews.com/plus/ The mortgage division of GMAC Financial Services lost $747 million in the third quarter — thanks in part to loan repurchase liabilities — but its performance was a marked improvement over a $2 billion loss in the same period last year. 2009-11-04 12:00:03 http://www.mortgageservicingnews.com/plus/ The Department of Housing and Urban Development late Tuesday unexpectedly delayed the release of a much-anticipated audit of the FHA's capital reserves, raising questions about the accuracy of some of the findings. 2009-11-04 12:00:01 http://www.mortgageservicingnews.com/plus/ Despite changes by the Financial Accounting Standards Board in March that were expected to stem fallout caused by other-than-temporary impairment charges at the Federal Home Loan banks, the system is continuing to suffer massive losses on its portfolio of mortgage backed securities. 2009-11-03 12:00:07 http://www.mortgageservicingnews.com/plus/ Telemetry Investments, a New York-based hedge fund that has been investing in non-performing residential loans, is reportedly leaving the space. 2009-11-03 12:00:04 http://www.mortgageservicingnews.com/plus/ Technology provider Lender Processing Services, Inc. plans to give servicers more REO management options through its acquisition of the Chicago-based auction company, Rising Tide Auctions. 2009-11-02 12:00:08