Servicing

Applications for new mortgages jumped 9.3% for the week ending September 23, a sign that ultra low rates are finally spurring new business activity.

The Federal Housing Finance Agency Tuesday afternoon released a 37-page "talking paper" on changing GSE servicing fees, while noting that GNMA compensation – for now – will not be part of the discussion.

All entities that engage in the business of servicing mortgage loans for any property located in New York are up for a new regulatory challenge.

Moody's Investors Services sees no broad-based recovery in commercial real estate markets over the next year due to weakness in demand and what it calls "diminished lending."

Outstanding residential mortgage debt in the U.S. will continue to fall over the next three quarters before stabilizing in mid-year 2012, according to a new forecast from Freddie Mac.

Lenders One, the largest mortgage cooperative in the U.S., is calling for the Federal Housing Finance Agency to end volume discounts on Fannie Mae and Freddie Mac's guarantee fees.

Home prices rose almost 1% in July following a 1.2% increase in June, according to the new Standard & Poor's/Case-Shiller house price index.

The nation's inventory of “shadow” homes fell to 1.6 million units in July, a 16% decline from six months ago, according to new figures released by CoreLogic, Santa Ana, Calif.

Freddie Mac's restrictive repurchase review policy on defaulted loans may prevent the GSE from recouping "billions of dollars" in losses from lenders, according to a new investigative report from the Federal Housing Finance Agency.

The Federal Housing Finance Agency as early as this week may release a new discussion paper on restructuring servicing compensation for GSE loans while seeking a new round of public comments on proposed changes.