Servicing

Congress should require the Federal Home Loan Banks to pay for an explicit government guarantee on their debt, according to a former GSE regulator and congressman.

Sabal Financial Group L.P. of Newport Beach, Calif., this week acquired a $153 million portfolio of loans located in some of the hardest hit regions of the U.S.

Since mid-spring, national quarter-over-quarter home prices gains have continued to soften as values are up 3.5% through September, compared to a 4% change reported through August, according to the latest Clear Capital Home Data Index Market Report.

Quandis has developed a new Web-based application that automates short sell workflows and streamlines communication between servicers, lenders, borrowers and real estate agents.

Proprietary loan modifications for August remained at a relatively flat pace from July with about 56,000, according to data from the Hope Now alliance.

The online real estate auction company and loan sales advisor Auction.com hired Elizabeth O'Brien as managing director and senior vice president to lead the company's expansion into the residential mortgage notes business.

Radco Cos., a real estate asset manager and consultant, has acquired multiple bank-owned multifamily developments in its hometown Atlanta.

Federal Deposit Insurance Corp. officials are concerned that banks will continue to suffer in a slow growth economy, but have an even greater fear: that a recession could spur more bank failures.

Mortgage bankers will fund just $900 billion in new loans next year, the industry’s lowest volume since 1997, according to a new forecast from the Mortgage Bankers Association.

MURRIETA, CALIF. — When Lesliane Bouchard took out a mortgage in 2008 to buy a home in Riverside County, she specifically requested a Federal Housing Administration loan. The 8th-grade English teacher and former foster parent thought a government-insured loan would offer the most protection in a falling housing market.