Servicing

Spanish residential defaults appear to be decreasing, according to a recent Moody’s Investors Service index.

The United Kingdom's prime residential mortgage-backed securities market continued to stabilize in May, the latest month tracked by Moody's Investors Service indices.

Annaly Capital Management, New York, hopes to raise $1.1 billion through an additional stock offering, using the proceeds to buy mortgage-backed securities.

The Federal Deposit Insurance Corp. will begin taking final bids on the $23 billion AmTrust Bank residential servicing portfolio by the end of July with a winner picked shortly thereafter, investment banking sources said Wednesday.

Federal banking regulators are pledging to go easy on lenders in the Gulf Coast States that work with and assist their customers—including mortgagors—that have been adversely impacted by the British Petroleum oil spill disaster.

One area of consensus in Fannie Mae/Freddie Mac reform that is emerging in at least one of the two main political camps eyeing the issue could be an entity or entities that provide an explicit guarantee and insurance wrap on mortgage-backed securities.

A group of investors is suing Fortuno, Inc., a Lodi, Calif.-based buyer of foreclosed homes and its outside marketing executives, alleging they illegally "enticed" the group to invest in the purchase and re-sale of REOs in Ohio and Michigan with the promise of high returns upon flipping the properties.

While other regulatory, compliance and legal issues such as the new RESPA changes have been the focal point within the primary and secondary mortgage industry over the last year, one issue flying under the radar for many lenders is privacy and data security. Financial institutions are being forced to confront a host of actual and prospective new privacy requirements as a result of new regulations adopted on the federal and state level as well as pending privacy legislation in Congress.

Two private investors have teamed up to buy a roughly $1.2 billion pool of mostly non-performing residential whole loans offered by the Federal Deposit Insurance Corp., investment banking officials and sources close to the deal confirmed to National Mortgage News.

Senate Democratic leaders have rounded up three Republican votes and are close to securing passage of the Dodd-Frank Wall Street Reform bill.