Servicing

Efforts to reinstate the $729,750 maximum loan limit for Fannie Mae, Freddie Mac and FHA loans has garnered the support of 137 House members, including 25 Republicans.

With the winter months quickly approaching, there seems to be an ominous picture for national home prices.

Two Harbors Investment Corp., a hybrid single-family residential mortgage REIT, recorded net GAAP earnings of $54.6 million during the third quarter when it completed a secondary stock offering and repositioned its portfolio to anticipate the HARP program change.

CoreLogic posted a net loss of $107 million off revenue of $348 million, the result of substantial losses from the discontinued operations of five business units in the third quarter of 2011. The results compare to a net loss of $93 million off revenue of $330 million in 3Q10.

It may have been Raj Date's first time testifying before Congress as the interim head of the Consumer Financial Protection Bureau, but Republicans did not let him off easy.

Federal Reserve chairman Ben Bernanke Wednesday afternoon said the central bank might scale up its purchases of agency mortgage-backed securities if conditions warrant, but not right now.

The government controlled Freddie Mac posted a net loss of $4.4 billion in the third quarter, blaming the performance on higher credit costs, and declining interest rates, which impacted the fair value of its investment in derivatives.

Fannie Mae recently opened a mortgage help center in St. Louis to provide free education and counseling services to local homeowners who are facing hardship.

Case Property Services has added a new service that helps borrowers and lenders resolve a commercial real estate workout.

Delinquency rates on securitized commercial mortgages continued to creep up in October with CMBS issuance slowing to a halt.