Servicing

Fannie Mae and Freddie Mac bought nearly 400,000 refinanced loans in the third quarter, an 82% spike from 2Q, according to new figures released by the Federal Housing Finance Agency.

The dollar amount of outstanding residential loans in the U.S. continued to fall in the third quarter as more Americans engaged in "cash-in" refinancings while others lost their homes due to foreclosure.

Shareholders of First Niagara Financial Group, and NewAlliance Bancshares Monday overwhelmingly approved their merger agreement despite strong disapproval from Connecticut officials.

California is the short sales capital of the world. According to CoreLogic, which made a big study of the field earlier this year, more than a quarter of all short sales in the years 2008 and 2009 happened in California.

An investment consortium organized by private real estate firm Colony Capital has agreed to purchase two portfolios of commercial real estate mortgages from the Federal Deposit Insurance Corp.

Bank of America Merrill Lynch is looking to build on AEGON USA Realty Advisors' commercial real estate lending expertise to source new lending opportunities for its securitization program.

Last week's accelerated run-up in yields on the 10-year Treasury had been essentially reversed on Monday, but were still above where they started the month at.

Vulture fund PennyMac Mortgage Investment Trust last week entered into a $125 million repurchase agreement with Citibank, N.A., according to a new public filing.

The New York Supreme Court last week ruled that MBIA Insurance Corp. did not have any way to discover if GMAC Mortgage intentionally misrepresented the true nature of MBS that MBIA insured.

Prepayment speeds on all Fannie Mae and Freddie Mac MBS rose 6% and 8%, respectively, during November, but likely will slow soon in the months ahead, according to a new market report from Annaly Capital Management, New York.