Servicing

Mortgage bankers soon will able to originate Federal Housing Administration loans of up to $729,750 in high cost areas thanks to Congress, which passed a "minibus" appropriations bill Thursday night.

Some lenders are already chomping at the bit on 'HARP 2.0' and plan to hit the ground running to refinance Fannie Mae/Freddie Mac-backed mortgages when the application process commences on December 1.

The appeals court ruling against MERS that caused the GSEs and the Department of Housing and Urban Development to reinitiate foreclosures on more than 1,600 Michigan properties was overturned by the state's highest court this week.

CWCapital LLC, Boston, on Thursday revealed that it has bought $2.6 billion of Fannie Mae multifamily servicing rights from Citigroup. No price was disclosed.

Freddie Mac wants to securitize reperforming residential loans and plans to issue its first bond – a Participation Certificate – by the end of November.

Mortgage interest rates were essentially flat between this week and last, as good economic news kept the markets calm, according to the Freddie Mac Primary Mortgage Market Survey.

Residential delinquencies – excluding foreclosures – fell to 7.99% in the third quarter, the lowest reading since late 2008, when the nation's financial crisis was peaking, according to new figures released by the Mortgage Bankers Association.

In the first criminal case involving robo-signing of mortgage documents, Nevada's attorney filed charges Wednesday against two people accused of filing tens of thousands of false documents.

Quicken Loans received the highest customer satisfaction score in this year's J.D. Power and Associates 2011 Primary Mortgage Origination Satisfaction Study, while Bank of America -- the poster child for consumer missteps -- received the lowest.

Many of the mortgage industry’s leading professionals were on hand for the return of Mortgage Technology’s annual conference this week, and the beautiful Miami weather wasn’t the only thing that had attendees excited.