Servicing

Redwood Trust, the only firm to dip its toe back into the jumbo MBS market, earned $15 million in the fourth quarter, a 63% decline from the same period a year earlier.

The Obama Administration is willing to start the process of winding down Fannie Mae and Freddie Mac, but it must be done gradually over as many as five to seven years to prevent disruptions to the mortgage market and the economic recovery, according to a high ranking Treasury Department official.

Real estate valuation provider PCV Murcor has hit its 30-year anniversary.

SunTrust Banks Inc. is refiling documents in thousands of foreclosure cases after an internal review revealed problems in the way foreclosure proceedings were handled.

Carrington Capital Management, a former subprime securitization specialist, salvaged an impressive amount of money from its low-ranked residential mortgage-backed securities, thanks to the unusual strategies of its servicing affiliate.

Fannie Mae purchased $73.8 billion worth of mortgages from its seller/servicers during January, its weakest acquisition month since August of last year when refinancings were booming, according to figures released Monday morning.

Private mortgage insurers produced $6.4 billion in new insurance written in January, down $2 billion from December's $8.4 billion, but an improvement over the $4.2 billion written in January 2010. This is according to data collected by the Mortgage Insurance Cos. of America.

Investors and analysts have howled over specific mortgage servicers' handling of delinquent loans for years. The ratings industry generally has not.

Of the more than 150,000 paperless mortgages that have been originated since 2000, about 1,000 have gone into foreclosure, Fannie Mae is estimating.

The paperless and electronic signature technology that's been slow to catch on in the mortgage origination business is finding a place in the loss mitigation arena, according to speakers at a session of the Mortgage Bankers Association Mortgage Servicing Conference.