Servicing

Comptroller of the Currency Thomas Curry said the agency recognizes that some aspects of the provisions pertaining to mortgages could impose a serious burden on community banks and thrifts.

One servicing executive tracking the deal said Nationstar is favored to win the bid.

Wholesaler Mortgage 360 suports the Home Affordable Refinance Program.

A year ago economists at the Mortgage Bankers Association were bracing for an ugly 2012, one in which a meager $900 billion in fundings would come to pass.

In the second quarter, Fannie Mae sold nearly 48,700 real estate owned properties.

The servicing rights of Residential Capital Corp. could fetch just over $1 billion.

The amount of capital required of depositories to hold residential mortgage servicing rights would jump to 28% under Basel III proposals from 17.2% today.

Assurant said its American Security unit has reached an agreement with California's Department of Insurance to reduce rates for lender-placed insurance in the state by 30.5%.

Ginnie Mae approved 34 new issuers in fiscal year 2012 (which ended September 30), bringing the total universe of government-approved firms up to 406.

The new chairman of the Mortgage Bankers Association says the industry needs to make certain that regulators understand that to go beyond consumer protection into excessive credit constraints will damage the housing industry.