Servicing

After a yearlong effort to reach a multistate settlement with the top five mortgage servicers, state attorneys general and the firms involved finally appear to be close to a deal. But even before it is signed, there are already questions about how it will be implemented and future litigation risks.

Loan originations on income producing properties will rise 17% this year to nearly $230 billion, the Mortgage Bankers Association is projecting in its first-ever non-residential lending forecast.

Washington's inability to come to grips with the nation's debt issues and other economic woes is costing jobs and holding back the economy, the president of the Mortgage Bankers Association charged in a speech Tuesday

A House Financial Services subcommittee is slated to mark up an FHA reform bill Tuesday that establishes a minimum annual mortgage insurance premium and extends the agency's indemnification requirements to all approved lenders.

Richard Cordray made his first appearance on Capitol Hill this past week in front of the Senate Banking Committee.

Now that the Federal Housing Finance Agency is backing away from a controversial plan to overhaul the 25 basis point minimum servicing fee paid on GSE loans, the market is trying to figure out what effect it will have on MSR values.

Assured Guaranty has filed a lawsuit against UBS' real estate securities unit over breach of contract claims.

Risk appetite in the U.S. triparty repo market is slowly returning, according to Fitch Ratings in a new report.

In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.

The White House's restructuring of the U.S. auto industry appears to have worked - for now. If you saw yesterday's Super Bowl you witnessed an awe inspiring commercial from Chrysler featuring everyone's favorite 'punk' killer Harry Callahan, a.k.a. Walt Kowalski, a.k.a. Clint Eastwood.