Servicing

Consumer attorneys and legal services groups are urging the Federal Reserve to withdraw a proposal that might "eviscerate" borrowers' rights to rescind abusive mortgages and stop foreclosures.

More data show commercial mortgage-backed securities delinquencies have been climbing at a notably slower rate, but experts are still seeing downgrades increase and more challenges ahead.

There was a slight decline in new private mortgage insurance written between September and October, even as the Federal Housing Administration's new pricing took affect at the start of the month.

Interactive Mortgage Advisors, Denver, is offering a $200 million portfolio of GNMA servicing rights, its second bulk MSR deal within two weeks.

WikiLeaks, the controversial website that released thousands of classified State Department cables this week, says it plans to reveal potentially damaging documents from a major U.S. bank early next year.

Paramount Residential Mortgage Group, Corona, Calif., funded $244 million of residential loans in the third quarter, its best origination month in its 10-year history.

Radian Group CEO S.A. Ibrahim said the company should return to operating profitability "at some time in the future." But when, he told the FBR Capital Markets Fall Conference, will be more of a function of when the company is able to deal with its portfolio of late stage delinquencies.

Freddie Mac's decision to hike its delivery fees on higher LTV loans is raising hackles at the National Association of Realtors which has been calling on the GSEs to ease up on their "excessively tight" credit policies.

Home prices fell 0.7% in September -- the second monthly decline since July – with values sliding in 18 of the 20 cities measured by the Standard & Poor's/Case-Shiller house price index.

Walter Investment Management Corp., Tampa, said it has signed deals to pay $90 million for several pools of mostly performing first liens from undisclosed sellers.