Servicing

Lack of sufficient data to the context of the current mortgage market as well as the continuing lack of certainty when it comes to government oversight and involvement in housing finance are preventing it from moving forward, speakers at a recent SIFMA event said.

The Obama administration seized on a rare case of bipartisan consensus Thursday — the need for strong consumer protections for members of the military — to pressure Senate Republicans to confirm Richard Cordray as director of the Consumer Financial Protection Bureau.

A vacant, hurricane-damaged residential tower in New Orleans will be rehabilitated with proceeds from Wednesday's negotiated sale of $7.4 million of multifamily revenue bonds issued by Louisiana Housing Finance Agency.

Worried that the latest federal efforts to ease foreclosures will fall short, some bankers and community advocates want Washington to offer even more ways to keep borrowers in their homes.

Electronic trading platform for U.S. and European fixed-income bonds MarketAxess Holdings just added non-agency RMBS and CMBS to its e-trading platform.

American Securitization Forum Executive Director Tom Deutsch testified Thursday before the capital markets subcommittee of the House Financial Services Committee.

FBR Capital Markets late Friday said it has halted coverage of The PMI Group, Walnut Creek, Calif., the nation's second largest MI firm.

Agency mortgage-backed security prepayments continued to ramp up in the latest report but the increases generally came closer to matching expectations than the previous month.

Home prices fell 1.1% in September from the prior month and the outlook for the coming winter months – when sales tend to slow – are anything but positive, according to a new report from CoreLogic.

With the mortgage industry hyper-diligent about loan reporting these days, it is turning to technology to bring servicing operations in-house while achieving the same cost efficiencies that traditionally have been achieved via subservicing arrangements.