Servicing

Atare Agbamu promised his elderly clients that reverse mortgages were regulated to protect them and their spouses and heirs. Then he came across a HUD letter to lenders indicating otherwise.

PHH Corp. swung to a net loss in the first quarter, driven by losses in the mortgage banking business that it is considering selling.

The regulator's Office of the Inspector General says it should have issued formal guidance to Fannie and Freddie over their dealings with the MIs.

The government-sponsored enterprises remain profitable, but executives are raising fresh concerns about their ability to withstand a recession because of restrictions on raising capital.

Proposed reforms for Freddie Mac and Fannie Mae seem to be bogged down in the House and Senate. It might be time for legislators to start thinking about different solutions.

Fannie Mae and Freddie Mac will pay the U.S. Treasury Department a combined $10.2 billion by June 30, an amount reflecting the profits the U.S.-owned mortgage financiers reported for the first quarter.

Even if private securitization deals are smaller or fewer, Clayton's loan review and due diligence services should be in hot demand as memories of the crisis linger, Radian reckons.

Mortgage debt held by the elderly has soared over the past decade, driven in part by the foreclosure crisis, the Consumer Financial Protection Bureau said in a report.

American Homes 4 Rent said that an affiliate will launch the offering of a securitization transaction by the end of this week.

The $305 million deal will give the mortgage insurance company another source of capital to support its operations.