Servicing

Fannie Mae reported higher net income in the fourth quarter over the previous year.

The developers of new loan-modification programs need to streamline application processes and stop making borrowers chase down useless documents.

The Basel III capital requirements are making it hard for banks to stay in the servicing business, said David Motley, president of Colonial Savings. Their exodus from the market indirectly hurts consumers, he argued.

Phyllis Caldwell has put a priority on ensuring the company's board and workforce look more like the borrowers whose mortgages it services.

Fannie Mae is making technological updates and implementing policy and operational changes as part of an effort to improve servicing.

The government-sponsored enterprises should target their affordable housing efforts to strengthening the single-family market, rather than investing in private equity giants.

Property valuation firm LRES has launched a new service that provides mortgage servicers with comprehensive lien alerts.

In the aftermath of enforcement actions, non-executive chair Phyllis Caldwell is directing the special servicer's efforts to diversify its leadership and business model.

The sale will include Fannie Mae's sixth "community impact" pool of loans.

The number of foreclosures completed in December fell 40% from a year earlier, according to CoreLogic.