Servicing

The buyouts will lead to prepayments of 5% or more for some holders of mortgage-backed securities. The loans were originated from 2005 to 2008, the heyday of interest-only loans.

home in New York’s Hamptons on Further Lane, where comedian Jerry Seinfeld and hedge-fund manager Steven A. Cohen own estates, is up for auction in what will be one of the area’s biggest foreclosure sales.

Momentum continues to build for the fast-tracking of the foreclosure process on vacant, abandoned properties.

Kroll Bond Rating Agency released a new monthly credit report to monitor the performance of commercial mortgage-backed securities.

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.