Servicing

Residential servicers completed 73,000 proprietary loan modifications in January, down 10% from the previous month, according to new figures released by Hope Now.

Home prices fell 2.5% in January from the prior month as weak demand for housing continues to "dampen any recovery in the housing market," according to a new report from CoreLogic.

United Capital Markets, which helps firms hedge their servicing portfolios, says the Federal Housing Finance Agency could be all wet on several assumptions in its 'Joint Servicing Compensation Initiative,' a document that thrives to revamp GSE servicing fees.

Redwood Trust has taken to market a $290 million jumbo mortgage-backed security. It did a similar one last year. Why are these deals significant? They are the only jumbo MBS deals done since the mortgage crash.

Cures outnumbered new notices of default at two of the nation's largest private mortgage insurers for February. If this pattern holds for the rest of the private mortgage insurance industry, it could be an echo of what took place starting last February.

The House Financial Services Committee late Wednesday approved a bill (H.R. 839) to kill the Obama administration's signature foreclosure prevention program, calling it a failure for low performance.

Residential foreclosures dropped to a 36-month low in February as complications tied to the 'Robo-signing' scandal continued to slow the pace of processing times, according to new figures released by RealtyTrac.

Bank of America this week reiterated to investors that it has recognized up to 75% of expected claims tied to loan repurchase requests from Fannie Mae and Freddie Mac.

Sen. Richard Shelby, R-Ala., on Wednesday blasted federal regulators and state attorneys general for using "strong arm tactics" to force the nation's megabanks (and megaservicers) to agree to a $30 billion settlement along with changes to their foreclosure and loan modifications practices.

Option adjustable-rate mortgage and alternative-A mortgage loss severities in February increased while jumbo and subprime severities were either stable or improved, according to a Barclays report.