Servicing

Fannie Mae and Freddie Mac have again delayed implementation of new mortgage and appraisal delivery requirements in the 'Uniform Mortgage Data Program', according to lender updates released Thursday.

Hudson City Bancorp, one of the largest residential lenders in the mid-Atlantic area, on Friday pulled the plug on its move from a thrift holding company to a commercial bank.

The slowdown in failures has led the Federal Deposit Insurance Corp. to pull back on its spending.

Peter Monroe, president of the Resolution Trust Corp. Oversight Board in the 1990s, this week launched a new venture to manage troubled Florida commercial properties.

Lender Processing Services, which tracks loan performance on 40 million mortgages, said delinquencies fell 3% in November from the prior month, but declined almost 16% year-over-year.

C-BASS founders Bruce Williams and Saul Sanders have formed a new company with the working title of 'Shellpoint' to purchase and securitize jumbo residential loans, industry sources confirmed to National Mortgage News.

The Treasury Department will gather more detailed information from residential servicers on their proprietary loan modifications.

Home prices have fallen nearly 4% from October 2009 to October 2010, according to CoreLogic's housing price index, which includes sales of foreclosed properties. Since July, the HPI has declined for three consecutive months.

The Federal Home Loan Bank of Atlanta on Thursday named W. Wesley McMullan as its new president and chief executive.

U.S. AgBank and CoBank, two of the five banks in the Farm Credit System, intend to pursue a merger in 2011.