Servicing

Investors looking for opportunities in distressed homes may have a two-year window. That's it.

A strong sign that the housing market is improving was seen just looking at the attendance figures from the Mortgage Bankers Association’s annual convention in Chicago.

The average for fixed-rate mortgages dropped to new record lows during the week ending Nov. 15.

Most of the relief Bank of America provided to mortgagors continues to come in the form of short sales.

The Mortgage Bankers Association reported that all FHA loans—FRMs and ARMs alike—had a delinquency rate of 11.14% at Sept. 30 compared to 11.89% in June and 12.09% a year ago.

Freddie Mac received positive news from Fitch Ratings as it was deemed to demonstrate high performance in overall servicing ability for commercial mortgage-backed securities.

Almost $700 billion of mortgage servicing rights are in some stage of auction or sale.

Lenders on the deal include First Republic, Fremont, Prime Lending, Flagstar, WL Bradley and Cornerstone Mortgage.

Alfred Pollard said $1 trillion of household debt delinquent in the second quarter of 2012 support his case that are a housing crisis still lingers.

Wingspan Portfolio Advisors, a once-fast-growing specialty servicer that does business with the GSEs and other clients, is laying off almost 460 workers, according to a notice it filed with the Texas Workforce Commission.