Servicing

Hope Now servicers completed 1.24 million proprietary loan modifications in 2010 — just about flat compared to the year before — but there was a significant decline in restructurings during the fourth quarter, according to a new report released by the group.

Next week a House Financial Services subcommittee will hold its first hearing on the future of the GSEs by looking at what immediate steps can be taken to stem the losses at Fannie Mae and Freddie Mac.

Veteran mortgage-backed securities researcher Dale Westhoff, well known in the industry for his short-term prepayment forecasts, has joined Credit Suisse as global head of structured products research.

With the help of ARG Capital Partners, Feldman Equities Inc. has secured an all-equity closing on the acquisition of a distressed mortgage note in Tampa, Fla.

Genworth Financial posted a $161 million loss in the fourth quarter after adding $350 million of loss reserves for its mortgage insurance division.

In January, the 30-day plus delinquency rate on multifamily mortgages continued to climb, according to new figures compiled by Trepp LLC.

HAMP loan modifications are performing much better than proprietary restructurings, according to the Treasury Department's latest monthly report on the program.

The Federal Housing Finance Agency is moving ahead with a rule that prohibits Fannie Mae and Freddie Mac from dealing in mortgages on properties encumbered by "certain" private transfer fees.

The National Credit Union Administration plans to sell another $1.26 billion of its corporate bailout bonds this week, after last week's successful offering of $1.51 billion worth.

Today’s hot topic in the mortgage world is about how loan servicing will be valued. LendingTree’s chief executive Cameron Findlay says it is about time since existing systems—designed for and proven to work well in normal market conditions—clearly are inefficient in the current market.