Servicing

Treasury Secretary Tim Geithner late this week had a message for those hoping to water down last year's financial regulatory overhaul — it's not going to happen.

The Federal Housing Administration endorsed $15.7 billion of single-family loans in October, a 3% decline from the previous month, according to new figures released Thursday morning.

Freddie Mac is suspending all evictions involving foreclosed owner-occupied single family and multifamily units during the upcoming holiday season.

Fannie Mae and Freddie Mac spent roughly $640,000 this fall to send 100 of their employees to the annual convention of the Mortgage Bankers Association in Chicago, a decision their regulator defended amid criticism from GSE critic, Rep. Randy Neugebauer, R-Texas.

Fannie Mae acquired $58.4 billion of mortgages from its seller/servicers in October, its best purchase month since January and a sign that low rates are starting to spur new activity in the primary market.

With over two million vacant properties throughout the country available for a prospective buyer to purchase, it is important for financial institutions to distinguish their distressed homes from the competition in order to remove these assets from the market in an efficient amount of time.

Coordinated Central Bank actions aimed at easing European financial concerns gave most industry stocks a lift Wednesday morning as the Dow rose more than 400 points.

Credit risk managers expect consumers will have trouble making payments on a variety of loan types, according to the European Credit Risk Survey taken by FICO and Efma.

Members of the Mortgage Insurance Companies of America have developed a new loan workout template that helps address problems between a servicer and mortgage insurer when settling a borrower's loan modification.

The American Legion is calling on Congress to extend the $729,750 loan limit on Department of Veterans Affairs guaranteed loans before the ceiling drops down to $625,500 on January 1.