Servicing

Mortgage bankers funded $118 billion of Federal Housing Administration backed single-family loans during first-half of fiscal year 2011, a 19% decline from the same period last year.

The connection between jobs and home sales has been well documented. But how about the correlation between employment and house prices?

Nationstar Mortgage Holdings, the nation’s 19th largest servicer of residential loans – and a top subservicer for Fannie Mae -- late Monday filed registration papers with the Securities and Exchange Commission, declaring its intention to go public.

The risk retention proposal will give the "too big to fail" banks a competitive advantage over smaller banks in the mortgage securitization market, according to a new report from the Amherst Securities Group.

The modification of the Farallon portfolio, which has a $1.6 billion whole loan balance, is part of a wave of large-loan servicing activity noted in recent commercial mortgage-related securities reports.

Nearly 95% of all the refinancings funded by Freddie Mac in the first quarter were into a fixed-rate loan product, according to the company's Quarterly Product Transition Report. The study only covers loans where Freddie Mac funded the original mortgage.

With seven out of 10 delinquent borrowers nationwide not enrolled in or actively seeking any type of work-out program if they are facing foreclosure, the Short Sale Specialist Network has started a program to try to reduce this statistic.

Foreign investors’ net agency MBS purchases, not taking into account paydowns, increased in March, according to a Credit Suisse report released Monday morning.

Why do some mortgage servicers appear to be modifying a great many more loans than others? How many loans are getting principal reduced, rather than interest rate reductions? How many loans in a given neighborhood are more than 30 days late?

Fifteen industry and consumer groups are urging federal regulators to extend the June 10 comment period on the contentious risk retention proposal, which they say will have an “enormous impact on the availability and cost” of obtaining a mortgage.