Servicing

Consumer credit default rates rose slightly in October from the previous month. But even with the recent increases, these rates are still much lower than levels seen a year ago.

Because the FHFA drew down vast amounts of taxpayer funds to "pay" for accounting provisions that would later be reversed, the GSEs remained saddled with in senior preferred stock that paid a dividend rate of 10%, until that rate was revised upward.

An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%.

Colony American Finance has acquired a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.

The underlying loan is fixed-rate and amortizes on a monthly basis over a term of 10 years, the longest loan tenure to date that has backed a single-family rental securitization.

A report due next week on the Federal Housing Administration's financial health is expected to show that the agency's reserve fund has significantly improved over the past year.

Mortgage loan delinquency rates through the third quarter fell to their lowest levels in seven years, according to the Mortgage Bankers Association.

New York financial regulator Benjamin Lawsky held up the deal shortly after it was announced in January, and regulatory and legal concerns had mounted since then.

Trade groups press federal banking regulators to make the Basel III capital rule less onerous.