Servicing

Freddie Mac has sold $1.4 billion in deeply delinquent, nonperforming loans.

Two senior GOP lawmakers are warning regulators against preferential treatment for housing advocates and nonprofits in sales of nonperforming, government-guaranteed mortgages.

Mortgage professional hiring and new job appointments for the week ending March 25.

Mortgage loan delinquencies improved from their spike in January to reach the lowest level recorded since April 2007, according to Black Knight Financial Services.

The Federal Housing Finance Agency appears poised finally to allow principal reductions, but it's been nearly a decade since the mortgage crisis and underwater borrowers are much fewer thanks to higher home values.

The Securities and Exchange Commission is looking at whether mortgage servicers are boosting profits by prematurely unleashing debt collectors on delinquent borrowers, a person with direct knowledge of the matter said.

The mortgage industry made fewer loan modifications in January, while deeds-in-lieu and foreclosure sales spiked, according to Hope Now.

The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.

The House passed a bill late Monday to extend foreclosure relief for military service members through the end of next year.

A $6.2 billion, Fannie Mae and Freddie Mac bulk portfolio of mortgage servicing rights has gone up for auction, with final bids due March 29.