Servicing

Due out in eight days, the annual Federal Housing Administration actuarial review could point to the future role government will play in housing finance.

Fannie Mae took a loss of $1.3 billion for the third quarter, up slightly from $1.2 billion in the prior quarter as credit losses increased but revenue was higher.

In its first full quarter as a standalone company, CoreLogic reported a net loss of $93.4 million, the result of a $174 million impairment charge related to its employer and litigation services businesses. It took in revenue of $484.3 million.

Even with quantitative easing in place, the extent to which borrowersrespond to a given rate incentive may have peaked in the most recentprepayment report, according to researchers.

The National Credit Union Administration plans to offer another $5.48 billion of guaranteed notes next week, its third offering over the past month of bonds created from the cash flows of MBS owned by failed corporate credit unions.

Redwood Trust, the only company to securitize jumbo loans during the past two years, has pushed backed its second deal to early 2011 because of a lack of available product.

WASHINGTON—The Government National Mortgage Association expects the increase in its minimum net-worth requirement to $2.5 million will have a limited impact on its active MBS issuers.

Rep. Ed Royce's underdog campaign to chair the House Financial Services Committee rests on two primary points: that he has been consistently right on a myriad of financial services issues, and that he could more effectively go toe to toe with Rep. Barney Frank and other Democrats.

The Federal Housing Administration's Mutual Mortgage Insurance Fund ended fiscal year 2010 in better financial shape than its auditors expected with the agency projecting foreclosure claims peaking in the summer of 2011.

Although the nation's labor markets are beginning to stir to life, mortgage banking and brokerage companies added just 900 new full-time jobs during September, according to figures released Friday morning by the Bureau of Labor Statistics.