Servicing

The Federal Deposit Insurance Corp. has scheduled a March 29 board meeting to take up the long-await proposed rule that will determine which “high quality” mortgages are exempt from risk retention.

As the number of delinquencies and foreclosures continues to rise servicers need to be prepared and plan how to manage their processes accordingly.How can a loan servicer determine if their process could be improved?

Demand for mortgage servicing is rapidly expanding across the board starting with expertise, new partnerships and even self-serve specialty servicing options.

The 27 terms state attorneys general are demanding top servicers follow are an onerous and rigorous regimen.

The Consumer Financial Protection Bureau is going to allocate half its budget to supervision and enforcement of consumer protection laws with a strong emphasis on non-bank lenders.

Kondaur Capital Corp., which a month ago slashed its loan workout staff by almost 40%, on Tuesday announced that it hired Mark Ferrara as managing director of its newly formed community banking group.

People's United Bank, which entered the warehouse space just a few months back, has already amassed applications of credit for almost $500 million, according to the company executive in charge of the program.

The Treasury Department said Monday morning it will begin the "orderly wind down" of its remaining $142 billion agency mortgage-backed securities portfolio from emergency programs put in place in 2008 and 2009.

When it comes to Fannie Mae/Freddie Mac’s future and the administration’s options for this, one securities group last week was pushing for a guarantee that could be priced in a manner similar to what is seen in the derivatives market.

When Congress debated a bill several years ago to create a new regulator for the government-sponsored enterprises, many parts were controversial, but nearly all lawmakers agreed that the agency should be independently funded and not subject to the appropriations process.