Servicing

Interactive Mortgage Advisors is offering a $102.9 million Fannie Mae bulk residential mortgage servicing rights portfolio for sale.

There was a 0.7% rise in home prices in July from June, according to the FNC Residential Price Index.

There were nearly 2% fewer homes sold in California in August compared with July’s revised figures, although it is over 3% when compared with August 2012.

The Consumer Financial Protection Bureau has issued a final rule that contains 273 pages of refinements to its qualified mortgage, loan officer compensation and servicing rules.

Data through July 2013 show over 1.7 million homeowners received foreclosure mitigation assistance through the Making Home Affordable Program.

Fannie Mae has promoted Terence Edwards, the former president and CEO of PHH Corp., to executive vice president and chief operating officer.

Trade-up buyers are typically more responsive to market conditions and financial incentives.

The continuous housing market recovery and the overall decline in inventory is pressuring down foreclosure sales across California.

Moody's Investors Service has corrected and upgraded the ratings of three vintage securities backed by subprime mortgage loans that were issued by Novastar Mortgage Funding Trust from 2003 and 2004.

Commercial mortgage-backed securities late-pays in August fell 10 basis points to 6.68%, a milder decline than the record 40 basis point month-to-month drop experienced in July.