Servicing

Some of the nation’s top banks including Bank of America and JPMorgan Chase – which also rank first and third, respectively in terms of housing receivables -- flunked Fannie Mae's latest test of mortgage servicers, but the GSE isn’t exactly saying that.

House appropriators this week introduced a temporary measure that will continue to fund government operations, including the flood insurance program, through Nov. 18.

Foreclosure activity increased 7% in August over the prior month – but was down 33% compared to the same month a year ago, according to new figures compiled by RealtyTrac.

Fixed mortgage rates fell to the lowest level in six decades for the second straight week, according to new figures compiled by Freddie Mac.

The once red-hot mortgage REIT sector is in for a cold dose of reality — which could spill over to the already-cool housing market.

David Stevens, who departed as the Federal Housing Administration commissioner back in the spring, is concerned that the government insurer's capital reserves could be hurt by the lack of house price appreciation and other factors.

Redwood Trust – the only firm to publicly issue any jumbo MBS in two years – is about to come to market with its third offering.

The National Association of Mortgage Field Services and REO property preservation and maintenance company Field Asset Services have recently launched two new tools to improve communication between code enforcement officials and field service providers.

In recent weeks Bank of America has been telling analysts and shareholders that it is actively selling – or has sold -- mortgages servicing rights while offering little, or no, details on what may've been unloaded, and at what price.

Default servicing technology provider DecisionReady has released a new compliance management module that will help servicers handle relationships with their vendors.