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After imposing a virtual moratorium on adding new issuers, Ginnie Mae is again accepting applications from mortgage companies seeking to pool loans for securitization and servicing.
February 29
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Nationstar Mortgage Holdings swung to a profit in the fourth quarter, compared to the previous quarter, on higher revenue from servicing.
February 26 -
Redwood Trust reported growth in profits in the fourth quarter, largely as a result of higher realized gains on the sales of residential securities.
February 26 -
PHH Corp. reported a bigger loss in the fourth quarter, on costs to restructure its business and a loss on sales of mortgage servicing rights.
February 25 -
Amid growing scrutiny of how the hand-off of mortgages is managed after loan closings and bulk sales, servicers are working to automate the entire process to create a consistent and accurate onboarding experience for borrowers.
February 25
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Fannie Mae has sold a pool of about $13.2 million of nonperforming loans to New Jersey Community Capital.
February 25 -
Nationstar Mortgage is in the market with the second rated securitization of what are nonperforming Home Equity Conversion Mortgage loans, according to Moody's Investors Service.
February 24 -
The Treasury Department will invest an additional $2 billion from the Troubled Asset Relief Program into a federal fund that seeks to protect homeowners from foreclosure.
February 22 -
Mortgage loan delinquencies declined in January, according to Black Knight Financial Services.
February 22 -
The number of properties in foreclosure nationwide declined in January, according to RealtyTrac.
February 19
