Servicing

Although Radian has seen its inventory of delinquent loans decline for eight consecutive months, what will happen in the fourth quarter remains to be seen, said chief executive S.A. Ibrahim.

The Government National Mortgage Association guaranteed roughly $34 billion of MBS in August, as the FHA/VA market remained strong, particularly for buyers of new and existing homes.

The lone bank failure over the last three weeks may have offered a respite from the usual series of collapses on Friday nights, but most observers caution against predictions that bank closures may be slowing.

Moody's Investors Service on Friday took ratings action on $5.2 billion of Alt-A mortgage-backed securities issued by J.P. Morgan in 2006 and 2007.

MERSCORP, Inc. has added a new certified vendor of digital certificates for identification and signatures to its website.

A bankruptcy judge has approved a settlement between the Federal Deposit Insurance Corp. and the now-defunct Taylor Bean & Whitaker over the ownership of more than $1 billion in disputed loans and mortgage-related assets.

Loans originated through mortgage brokers fell 51% in the second quarter, accounting for just 10.5% of originations nationwide, a new low, according to exclusive production figures compiled by National Mortgage News.

MetLife Bank has emerged as the winning bidder on a $23 billion package of residential servicing rights auctioned off by the Federal Deposit Insurance Corp., according to investment banking sources close to the situation.

Baltimore has suffered another setback in its case against Wells Fargo & Co. in which it argues that the bank's lending practices led to foreclosures that have hurt the city.

Capital Markets Cooperative has signed a strategic alliance deal with MountainView Capital Group, Denver, giving the investment banker preferred vendor status as an investor in 'scratch and dent' mortgages.