Servicing

Fannie Mae has added the Cooper Castle Law Firm LLP to its retained attorney network.By being named to the network, the Las Vegas-based law firm is eligible to receive foreclosure and bankruptcy referrals relating to Fannie Mae loans in Nevada.

Trailing only Fannie Mae and the Department of Housing and Urban Development,Memphis Investment Property Company is the largest home seller in the West Tennessee region, according to the Chandler Reports February 2011 numbers for state real estate transactions.

Although federal regulators aren't giving many specifics as to how they might change servicing compensation, at least one participant in recent meetings with the government says they've decided on a number: 12.5 basis points.

As of January 2011, the "shadow inventory" of homes declined slightly from the same time period a year ago, but nine months' worth of supply still remains, according to a new report released by CoreLogic.

Fannie Mae's relatively new Guaranteed Multifamily Structures Program is gaining traction in the market.

A run-in with the government has rattled Hudson City Bancorp — and Ronald Hermance's outlook on its bread-and-butter product: 30-year-fixed rate mortgages.

Rising interest rates took their toll on mortgage applications with new business volume falling by almost 8% for the week ending March 25, according to new figures compiled by the Mortgage Bankers Association.

The House of Representatives late Tuesday voted to kill HAMP, the White House's signature loan modification program and to stop the administration from spending more TARP funds on foreclosure prevention programs.

Lender Processing Services data show improved cure rates of seriously delinquent loans are balancing out the reverse effect of loan process reviews that brought many foreclosures back to a seriously delinquent status.

Financial advisors, including mortgage market advisors, expect to be in higher demand this year. The Financial Professional Outlook, a quarterly survey of over 800 U.S. financial advisors, shows nearly 31% predict revenue growth of 10% to 14% in 2011.