Servicing

When it comes to certain things in the default industry, many folks seem to equate “leading edge” with anything paperless. Nowhere is this more true than in REO invoicing.

Negative equity in the third quarter experienced the largest quarter-over-quarter decline since the first three months of 2011.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Among residential lenders, JPM’s mortgage division, Chase, ranks second nationwide.

Credit Suisse analyst Moshe Orenbuch writes in a new research note that management at Wells Fargo is "optimistic about the overall positioning of the mortgage business.”

Not all forms of relief are credited on a dollar-for-dollar basis under the attorney general settlement.

Fitch Ratings is keeping Genworth Life Insurance with a negative rating outlook in large part because of the “continuing, albeit lower” losses at its private mortgage insurance sister company. But it believes management will still provide capital to the troubled unit.

Fannie is seeking to require banks and other mortgage servicers to replace existing force-placed policies on loans it guarantees with insurance provided by a consortium of carriers offering 30% to 40% discounts.

The CFPB is open about what it looks for when it examines mortgage firms.

Wells Fargo has temporarily halted loan reviews until it receives guidance from the Federal Emergency Management Agency.