Servicing

Former Total Mortgage Services wholesale manager Domenic Melillo has joined National Mortgage Insurance, a new MI firm.

An EquityLock Protection contract protects the value of a customer’s home from future local market declines for up to 15 years.

Bank of America is continuing to unload large chunks of its mortgage servicing portfolio.

Rep. John Campbell, R-Calif., introduced a bill that would cut off a community’s access to government-backed loans if local officials invoke eminent domain to seize mortgages.

Almost four in 10 active investors said they plan to increase their purchases of residential investment properties, while 26% said they would keep their activity level the same.

Who's on the Fannie/Freddie 'High Risk' watch list? Well, we can guess who isn't on it.

For the week ending Sept. 20, 30-year fixed-rate mortgages fell six basis points to 3.49%, matching the record low, while 15-year FRMs declined eight basis points to 2.77%, setting a new record low.

Fannie Mae Chief Economist Doug Duncan explains the impact of the eurozone crisis on the mortgage industry.

In late October $365 billion of mortgage servicing rights belonging to Residential Capital Corp. will be auctioned off to the highest bidder.

A new report from the Federal Housing Finance Agency inspector general on Fannie Mae’s MSR deal with Bank of America also confirms that the GSE tried to buy specialty servicer Litton Loan Servicing.