Servicing

FHFA Inspector General Steve Linick said he has opened "numerous" criminal and civil investigations of lenders, servicers, individuals and other firms that have victimized Fannie Mae and Freddie Mac.

DebtX, Boston, has been hired to sell roughly $334 million of troubled acquisition, development and construction loans for a bankrupt real estate fund.

Prudential Mortgage Capital Co., Newark, N.J., has hired at least two multifamily loan officers for the Boston office it opened in October and plans to expand further throughout the nation, one senior executive of the company told National Mortgage News.

If households are ever to climb out of the financial hole created by the housing bust, stocks are going to have to do better.

The Federal Housing Finance Agency is urging a U.S. district court to block the city of Chicago from enforcing an ordinance that could increase the cost of maintaining foreclosed properties controlled by Fannie Mae and Freddie Mac.

The Inspector General's office of the Federal Housing Finance Agency is taking bids on a contract to evaluate mortgage servicing rights, according to a 'request for proposal' being circulated around the industry.

Earlier this month Freddie Mac released the results of its Primary Mortgage Market Survey revealing that interest rates are still at historic lows.

A hot legal issue known among insiders as the "City of Chicago ordinance" transfers the burden and costs of vacant property ownership from the mortgagee to the lender clashing with some county-level foreclosure process requirements.

House Republican leaders have included a hike in GSE guarantee fees in their bill to extend a payroll tax holiday that is similar to a Senate version, which means seller/servicers could be facing higher g-fees next year.

Federal regulators took another step last week toward lessening banks' reliance on credit ratings by proposing three methods for assessing risk on firms' trading books.