Servicing

Interactive Mortgage Advisors, Denver, is selling a $334 million package of mortgage servicing rights tied to Government National Mortgage Association loans. The identity of the seller was not disclosed.

Thanks to rising interest rates the value of mortgage servicing rights has increased roughly 15% since the end of the third quarter, according to Interactive Mortgage Advisors, Denver.

A Fitch Ratings’ update of U.S. RMBS Servicers’ Loss Mitigation and Modification Efforts report finds loan modifications are “on a steady decline” as only 36,500 modifications were completed in December 2010, raising concerns about how many distressed U.S. mortgage borrowers will get a final response and by when.

The Obama administration should speed up the sale of Fannie Mae and Freddie Mac's mortgage portfolios to reduce taxpayer risk and capture "unrealized gains" in the assets, according to Rep. Scott Garrett, R-N.J.

Who will take on the catastrophic risk associated with making mortgages, a risk that has flared twice since 1989 and has caused the taxpayers hundreds of billions of dollars in losses?

Fannie Mae provided $17 billion in mortgages for multifamily properties in 2010, down from $20 billion in 2009.

Altos Research has launched an automated valuation model that uses current real estate listings to forecast future housing valuation trends.

Primary-to-secondary mortgage market spread compression that has kept rates relatively low despite upward pressure from bond yields may be nearing its limit, according to one investment strategist.

People's United Bank, Bridgeport, Conn., late last week confirmed that warehouse lending veteran Paul Best has joined the publicly traded thrift as a senior vice president in its commercial division.

A California appeals court has dealt mortgage servicers another setback by letting a borrower pursue a fraud claim because she was promised a loan modification, but got pushed into foreclosure.