Servicing

Fannie Mae, which boasts a “credit enhanced” delinquency rate of roughly 8% on its guaranteed loans, is moving closer to launching a pilot program to dispose of some of that product.

More than 1.3 million people received assistance from a foreclosure mitigation counseling program.

According to a report by the National Fair Housing Alliance and four of its local member organizations, some of the larger financial institutions are not handling the maintenance problems in minority neighborhoods as well as they are in predominantly white neighborhoods.

The Government National Mortgage Association is in no rush to sell the $11.5 billion of mortgage servicing rights that it inherited almost two years ago when nonbank lender/servicer Taylor, Bean & Whitaker failed.

The surge in Federal Housing Administration lending after the housing bust may turn out to be the mortgage insurance fund’s salvation.

Occupy protesters have vowed to return to an empty foreclosed home in south Minneapolis after holding two protests in the past month.

CoreLogic will implement a series of changes to its board, including the addition of three independent directors and the announced resignation of board chairman D. Van Skilling.

The median net worth for American families plummeted by 38.8% between 2007 and 2010, falling to a level not seen since 1992, according to a Federal Reserve study on consumer finances.

According to new reports, both Berkshire Hathaway, the holding company controlled by Warren Buffett, and Ocwen Financial have expressed interest in buying the nation’s fifth largest servicer.

Mortgage default risk is adjusting to precrisis levels. Almost.