Servicing

Home prices, which have fallen nearly 6% over the past four quarters (ending June 30), could fall another 3.6% by the second quarter of next year, according to analysts at Fiserv, which owns and generates the Case/Shiller house price indexes.

Foreclosure filings increased 7% in October from the prior month with servicers and banks recording default notices, scheduled auctions, and lender repossessions on 230,678 U.S. properties, according to new figures compiled by RealtyTrac.

Sen. Bob Corker, R-Tenn., Wednesday introduced legislation that would reduce Fannie Mae and Freddie Mac's share of the mortgage market by "at least 10%" per year.

The House Financial Services Committee is slated to vote next Tuesday (Nov. 15) on a bill that would suspend the compensation packages of top Fannie Mae and Freddie Mac executives.

TransUnion data show a trend of progressive, six-quarter improvement in the performance of borrowers 60 days or more past due reversed in the third quarter, increasing the national mortgage delinquency rate from 5.82% in the previous quarter to 5.88%.

MarketAxess, a U.S. and European fixed-income electronic trading platform, has made an initial foray into U.S. nonagency residential and commercial mortgage-backed securities markets that appears to be drawing some interest.

Ginnie Mae reported a $1.2 billion profit from its secondary market operations in fiscal year 2011 — up 84% from FY 2010 — due to lower loss provisioning.

When voting for the next president in the 2012 election, about 70% of Americans said how the candidate plans on addressing the current housing crisis is going to dictate their final decision, according to a Move Inc. survey.

Wells Fargo, the nation's largest mortgage lender, has launched a new home lending website to assist people toward achieving sustainable home ownership.

REO maintenance and inspections provider Mortgage Contracting Services has launched a new online platform to educate its contracted employees more effectively about how to do their jobs correctly and new regulations that go into effect.