Servicing

Fannie Mae's relatively new Guaranteed Multifamily Structures Program is gaining traction in the market.

A run-in with the government has rattled Hudson City Bancorp — and Ronald Hermance's outlook on its bread-and-butter product: 30-year-fixed rate mortgages.

Rising interest rates took their toll on mortgage applications with new business volume falling by almost 8% for the week ending March 25, according to new figures compiled by the Mortgage Bankers Association.

The House of Representatives late Tuesday voted to kill HAMP, the White House's signature loan modification program and to stop the administration from spending more TARP funds on foreclosure prevention programs.

Lender Processing Services data show improved cure rates of seriously delinquent loans are balancing out the reverse effect of loan process reviews that brought many foreclosures back to a seriously delinquent status.

Financial advisors, including mortgage market advisors, expect to be in higher demand this year. The Financial Professional Outlook, a quarterly survey of over 800 U.S. financial advisors, shows nearly 31% predict revenue growth of 10% to 14% in 2011.

The drive to reform the government-sponsored enterprises is raising two questions that could fundamentally reshape the way borrowers obtain mortgages: will a revamp effectively eliminate the 30-year fixed rate mortgage, and would that be a good thing?

Clayton Holdings LLC this week announced that it has hired a team of structured finance professionals to run a new independent financial analysis and consulting group focused on providing litigation support and valuation services to players in the residential MBS market.

Smaller, thinly capitalized investors in nonperforming mortgages could face liquidity concerns in the coming months as private equity investors begin to re-examine their commitment to the business while bolting for higher returns elsewhere.

Federal regulators are making it difficult for issuers of all types of mortgage-backed securities to escape the costs of risk retention. The rules officially unveiled Tuesday morning prohibit MBS issuers from receiving upfront compensation based on excess spread through an interest-only tranche or premiums bonds.