Servicing

Residential delinquencies fell to 8.09% in September, a slight decline from the prior month but an almost 13% improvement from the same month a year ago, according to new "First Look" figures compiled by Lender Processing Services.

When it comes to the mortgage and housing bust don't blame ARMs. The proliferation of adjustable rate mortgages – and payment shock – during the boom years was not a major cause of the foreclosure crisis in this nation, Federal Reserve Bank of Boston economist Paul Willen told a Congressional panel Thursday.

The Senate late Thursday approved an amendment to restore the $729,750 maximum loan limit on government-back mortgages for two more years.

Nine subservicing firms this week received approval to handle loans underlying Bank of America-owned Countrywide RMBS as part of a proposed $8.5 billion settlement.

Annual sales of existing homes and condos in Florida increased 10% in September indicating an upswing trend that started to become apparent in January may continue.

Consumer credit defaults were higher for first and second mortgages in September from the previous month, according to the S&P/Experian consumer credit default indices.

A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several large investors who lost billions on private label MBS will be heard in federal court.

Wells Fargo & Co. has been the market leader in residential fundings for two years now -- but never before has it opened up such a wide lead over its two closest competitors, JPMorgan Chase and Bank of America.

Equifax is expanding the availability of technology it’s developed to aid mortgage investors analyzing whole loan portfolios before and after they’re purchased.

The buy side and the sell side at the Securities Industry and Financial Market Association are in agreement and sticking to their guns on some issues that could shape how shelf eligibility for securitizations will take shape, including the issuer's certification, the role of a credit risk manager in transactions and arbitration.