Servicing

Mortgage REIT wants more control over servicing so it can transfer delinquent loans to special servicers.

New York regulator Benjamin Lawsky has begun investigating possible predatory lending practices at companies that originate short-term, high-interest loans secured by a borrower's home.

Rialto Capital is in the market with $147 million of bonds backed by nonperforming commercial and residential mortgages, according to a presale report published by Kroll Bond Rating Agency.

The Federal Housing Administration raised mortgage insurance fees during the financial crisis in order to cover a wave of defaults. Now that the housing market has steadied, the agency should adjust its policies.

Legacy mortgage insurers welcome the level playing field that will come with a recent capital retention proposal, even though the new requirements will have a greater impact on firms that have larger volumes of insurance on high-risk loans.

Principal Real Estate Investors and Macquarie Group have jointly launched Principal Commercial Capital, a national lending platform that will both originate and securitize commercial mortgage loans.

Despite regulatory constraints on servicing transfers that affect large players, increased compliance costs and capital ratio requirements are a bigger burden for smaller servicers to bear.

A plea for the Federal Housing Administration official to finish clarifying the rights of spouses unnamed on Home Equity Conversion Mortgages before she leaves office.

Ginnie Mae President Ted Tozer is urging credit unions and community banks to contact their Federal Home Loan Bank so they can participate in a conduit program for government-backed loans.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.