Servicing

The Mortgage Bankers Association will resume running the day-to-day operations of its MISMO subsidiary on Dec. 1, taking the task back from Merscorp, which has been handling those duties since February 2009.

The Federal Reserve Thursday morning released its 2010 Home Mortgage Disclosure Act database, concluding that a drop in the maximum GSE loan limit to $625,500 (from $729,750) will have only a "small" impact on mortgage originations going forward.

Home prices rose by almost 1% in July after a 0.7% increase in June, according to the new house price index released by the Federal Housing Finance Agency.

The yield on the benchmark 10-year Treasury fell to yet another new low Thursday, 1.75%, as stocks sold off over new double-dip recession fears.

The Federal Housing Finance Agency as early as Thursday could release its annual report on guarantee fees charged to mortgage bankers by Fannie Mae and Freddie Mac, according to industry officials.

Dallas County District Attorney Craig Watkins this week filed suit against MERSCORP, seeking a judicial determination of whether the industry's use of the Mortgage Electronic Registration System is legal in the Lone Star State.

More than a year after the Dodd-Frank Act was supposed to put the issue to rest, the question of whether "too big to fail" still exists is once again consuming the financial services industry.

Radian Group Inc., the nation's third largest mortgage insurer, said in a new regulatory filing Wednesday that it has fired its chief operating officer Robert Griffith and reduced its workforce by 7%.

Loan sale advisor DebtX is selling $160 million of performing and non-performing commercial real estate loans for German depository Deutsche Postbank.

House and Senate appropriators are moving toward approving the Department of Housing Urban Development's fiscal year 2012 budget bill with few changes to FHA and Government National Mortgage Association programs.