Servicing

TransUnion data show a trend of progressive, six-quarter improvement in the performance of borrowers 60 days or more past due reversed in the third quarter, increasing the national mortgage delinquency rate from 5.82% in the previous quarter to 5.88%.

MarketAxess, a U.S. and European fixed-income electronic trading platform, has made an initial foray into U.S. nonagency residential and commercial mortgage-backed securities markets that appears to be drawing some interest.

Ginnie Mae reported a $1.2 billion profit from its secondary market operations in fiscal year 2011 — up 84% from FY 2010 — due to lower loss provisioning.

When voting for the next president in the 2012 election, about 70% of Americans said how the candidate plans on addressing the current housing crisis is going to dictate their final decision, according to a Move Inc. survey.

Wells Fargo, the nation's largest mortgage lender, has launched a new home lending website to assist people toward achieving sustainable home ownership.

REO maintenance and inspections provider Mortgage Contracting Services has launched a new online platform to educate its contracted employees more effectively about how to do their jobs correctly and new regulations that go into effect.

Porter Bancorp struggled in the third quarter reporting a net loss of $12.2 million. For the year, the Louisville, Ky.-based bank's shareholders have lost $50.8 million.

Webster Bank is offering special assistance to homeowners and businesses affected by the October snowstorm that slammed parts of the Northeast region.

Ally Financial Inc. is actively considering putting its ailing Residential Capital Corp. mortgage lending unit into bankruptcy, according to a report from Dow Jones.

Fannie Mae reported a net operating loss of $5.1 billion for the third quarter, compared to a $1.3 billion loss a year ago, as fair value changes on derivatives and interest rate swaps swamped revenues.