Servicing

Although the nation's largest mortgage insurer, MGIC, continues to lose money, FBR Capital Markets Monday issued a report calling the firm a "buy," saying it is "relatively better positioned" than its peers.

Correspondent and mortgage broker loan product notably contributed to the recent prepayment surge in lower coupon securitizations, this time with a loan compensation rule-related twist, according to a Barclays Capital report.

An index report Monday showed U.S. commercial real estate prices overall rose for the fourth month in a row.

Foreclosure activity in Massachusetts followed a similar year-over-year trend in September as the prior 11 months: it went down.

Halifax Bank of Scotland is in the market with a new deal from its Permanent Master Trust program.

Metro Credit Union, of Chelsea, Mass., signed on with Boston Home Center to develop and enhance mortgage programs aimed at placing homeowners in sustainable mortgages.

The Federal Housing Finance Agency Monday morning unveiled long awaited changes to a White House refinancing program, waiving the LTV cap and certain origination fees on underwater Fannie Mae and Freddie Mac loans.

Arizona regulators this week seized control of the troubled mortgage insurance division of PMI Group, Walnut Creek, Calif., according to a notice posted on the company's website.

A $70-million lawsuit against Bank of America and one of its executives in Florida illustrates how negligence and mortgage banking procedure oversight complaints can lead to a very costly chain of litigation action.

Calling his first meeting with GSE regulator Edward DeMarco "disappointing," the chairman of a House task force on housing stabilization wants more answers from the regulator - plus he wants to see the agency's national refinancing plan before it's announced publicly.