Servicing

Spurs Capital is coming to market with two small loan pools: a $25 million package of performing/sub-performing product, and $20 million worth of nonperforming mortgages.

RealtyTrac has launched a new Web-based foreclosure data search and download tool that creates lists of default, auction and REO records.

The Obama administration is seeking ideas from market participants on how Fannie Mae, Freddie Mac and FHA can employ bulk sales of foreclosed homes, turning these units into rentals that will help stabilize local housing markets.

As part of a joint purchase, Hudson Realty Capital has acquired a portfolio of 97 acquisition, development and construction loans from the Federal Deposit Insurance Corp. through its Small Investor Program structured sale.

The huge sell-off in the stock market on Aug. 4 capped a week of declines in the Dow Jones Industrial Average which in turn helped to push the average contract rate on the 30-year fixed-rate mortgage down another 8 basis points that week.

With Bank of America dangerously weighed down by costly acquisitions, its longstanding contention that it could jettison its troubled mortgage unit Countrywide must hold considerable appeal within the company's executive offices.

Bank of America is trying to sell a $10 billion chunk of Freddie Mac mortgage servicing rights, after failing to unload a larger $50 billion package of MSRs, according to industry officials.

Citigroup on Tuesday afternoon revealed that it recently hired Mark Danahy to head its residential origination division, which ranks among the top five in the nation.

The Federal Reserve's pledge on Tuesday afternoon to keep short-term rates low through 2013 should sustain relatively favorable mortgage market conditions for quite some time.

Everyone is fighting for their own.Progress in the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act’s “key customer and investor protections” are threatened by efforts of industry groups to weaken the rules and stop the funding of the agencies responsible for making those reforms a reality—at least in the view of the Consumer Federation of America.