Servicing

The extraordinary actions taken by the Fed during the financial crisis were a "problematic exercise in credit allocation," according to Federal Reserve Bank of Richmond President Jeffrey M. Lacker, who added purchases of U.S. Treasury securities could have created the same "expansion of reserve supply."

The unemployment rate will remain above 7% for the next three years and the country won't be at “maximum employment until 2016,” Federal Reserve Bank of San Francisco president and chief executive John C. Williams said Friday.

The Fed can do more to help the economy, and buying mortgage-backed securities could be a good start, since it would boost the beleaguered housing market, Federal Reserve Bank of New York President William Dudley said Thursday.

Moody's Investors Service downgraded the rating of Colorado Housing and Finance Authority (CHFA) to A2 from A1 on Friday.

The nominee to run the Federal Housing Administration opposes extending higher limits on federally-insured loans.

An estimated 1 million homeowners with Federal Housing Administration-insured loans could benefit by refinancing at today's low rates -- but the government's mortgage insurer doesn't think it will happen.

Three years into the nationalization of housing finance by government-sponsored entities Fannie Mae, Freddie Mac and the Federal Housing Authority, it is time to start reducing their footprints.

The national 30-day delinquency rate improved by 2% in October over September and by nearly 15% compared to a year ago, according to a new "first look" report from Lender Processing Services, Jacksonville, Fla.

Due diligence provider Clayton Holdings LLC on Friday said it has agreed to buy Green River Capital, West Valley, Utah, a provider of REO, short sale and broker price opinions whose client base includes mortgage giant Freddie Mac.

Federal Home Loan Banks have been purchasing single-family mortgages from their member banks and thrifts since 1997—when the Chicago FHLB first launched its flagship Mortgage Partnership Finance program.