Finance

Almost $700 billion of mortgage servicing rights are in some stage of auction or sale.

Lenders on the deal include First Republic, Fremont, Prime Lending, Flagstar, WL Bradley and Cornerstone Mortgage.

Wingspan Portfolio Advisors, a once-fast-growing specialty servicer that does business with the GSEs and other clients, is laying off almost 460 workers, according to a notice it filed with the Texas Workforce Commission.

Lawsuits that charge Goldman Sachs and Deutsche Bank with misleading mortgage investors may proceed.

Within the next few days a crucial audit will be released on the FHA’s mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

The total structural damages from the hurricane may be twice as high as the amount insurance covers, and insurance rates will likely increase.

John Getchis is looking at ways to continue efforts to improve Ginnie Mae's securitization efforts in line with its mission.

Allonhill laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients.

Annaly Capital Management has proposed to purchase the shares of Crexus Investment Corp. it doesn’t already own.

The Federal Housing Finance Agency wants to work with the two government-sponsored enterprises to create a common platform that’s capable of securitizing government loans and private mortgages.

The Federal Housing Administration's financial plight is the result of its support for the housing market after private sources of credit dried up.

Walter Investment Management posted strong servicing results in the third quarter while revealing that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.

It appears that the privately held New Penn is positioning itself to be a major player in the jumbo market

BankFinancial said it had tried "accelerated dispositions" with some of repossessed assets, selling $2.4 million of other real estate owned and accepted offers for another $4.3 million.

One Fannie Mae vendor that works on buyback cases had its workload reduced to 1,500 files per month from 9,000 at one point.

If you know the answer to four questions, you will have a better handle on quality control.

The agreement in principle with the Securities and Exchange Commission covers two investigations related to mortgage-backed bonds handled by JPMorgan and Bear Stearns.

Is it time to reconsider the death sentence for Fannie Mae and Freddie Mac?

The government-sponsored enterprises recently issued guidelines that expand the number of potential borrowers who can qualify for a short sale.