Servicing

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.

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.