Servicing

Redwood Trust Inc., Mill Valley, Calif., says in its new quarterly review that it likely will come to market with a $300 million jumbo MBS sometime in the fourth quarter.

In math two negatives make for a positive, but in the mortgage marketplace when foreclosures drive a decrease in the number of properties with negative equity it is not a good sign.

Mortgage companies added 2,300 full-time employees to their payrolls in July as refinancing applications swelled, compensating for a weak purchase money business.

The GSE regulator Thursday issued new affordable goals that Fannie Mae and Freddie Mac are expected to meet this calendar year.

REO asset manager and loss mit provider Green River Capital says during the first half of 2010 it has increased REO assignments by nearly 8% from the same period in 2009 and decreased the time each property spends on the market by almost 15% compared to figures during the last 12 months.

Standard & Poor's Corp. this week added ZAIS Servicing Asset Management, Dallas, to its "Select" servicer list for firms working in the commercial mortgage specialty servicer space.

CP Federal Credit, Jackson, Miss., will give away a foreclosed home on Friday during a noon ceremony at its headquarters, as part of its "Wish Upon A Home" giveaway program.

Delinquency rates on commercial mortgages were mixed in the second quarter. The rate on banks' commercial and multifamily mortgages appears to have reached a plateau, while the delinquency rate for loans in commercial securities continued to climb during the period, according to the latest data from the MBA.

David Frase, executive vice president in charge of warehouse lending at Southwest Securities FSB, Dallas, has left the company, industry officials confirmed to National Mortgage News.

The National Association of Realtors' gauge of future home sales rose 5.2% in July after falling 28% since April when two federal tax credits for home buyers expired.