Servicing

A subsidiary of Chimera Investment Corp. has just closed a $268.7 million RMBS, according to a private placement memorandum obtained from a market source.

A new report from analytics firm CoreLogic predicts that national home prices will experience a healthy rise from January 2015 to January 2016.

The number of borrowers who could reap the benefits of refinancing has grown to 7.1 million as interest rates have fallen, according to Black Knight Financial Services.

The shift in market composition is fueling concerns that if defaults rise, the Federal Housing Administration would have a harder time making lenders eat the losses on poorly underwritten loans.

While arrangements to finance MSRs may represent the cheapest way to address liquidity, other avenues of adding cash may be available and necessary.

Clayton Homes, the manufactured-housing business owned by Warren Buffett's Berkshire Hathaway Inc., uses aggressive sales and lending practices that traps some borrowers in homes that are difficult to resell, the Seattle Times reported.

Holders of servicing rights will soon demand more than the basics from these third-party providers. Subservicers may be expected to help promote an institution's nonmortgage products or provide portfolio analytics.

ReverseVision has created an operations team within its company to improve its capacity management about a month after its RV Express system's last reported outage.

Chase has provided more than $2.2 billion of the $4 billion it owes in consumer relief credit, according to the monitor of JPMorgan Chase's settlement.

Mortgage professional hiring and new job appointments for the week ending April 3.