Servicing

Integrated Asset Services LLC, a default management and residential collateral valuations company, released a new report on the state of the mortgage servicing industry. The report focused heavily on technology advances.

The Federal Housing Finance Agency said it has issued 64 subpoenas to "various entities" as part of an inquiry into private-label securities purchased by Fannie Mae and Freddie Mac with an eye toward the government recouping losses on nonprime assets.

The inventory of homes in foreclosure and short sales that are on the market in Orange County, Calif., has grown by 29% so far this year, according to Altera Real Estate.

Delinquencies on loans in commercial mortgage-backed securities rose by the smallest amount in 11 months in June but could accelerate again, according to a new report from Fitch.

Wolters Kluwer Financial Services has updated its Fair Lending Wiz software to include an ethnicity proxy functionality.

Among the financial market reform concepts in the private sector that have resurfaced in the wake of the recent downturn and as part of the quest for transparency has been the idea that securitized mortgages and other asset-backed securities could be traded on an exchange as stocks are.

Investors from the U.S. bought more of Fannie Mae's latest new issue three-year bullet Benchmark Notes than investors from any other nation or region. Still, more than half of the transaction went to foreign investors.

Residential foreclosures could top 1.23 million units this year, according to figures compiled by CoreLogic, Los Altos, Calif.

Excelsior Management Group of Oregon hopes to attract more investors to a fund dedicated to making private money loans.

The Federal Deposit Insurance Corp. hopes to sell a mortgage-backed security collateralized by at least $500 million of performing residential whole loans by the end of this month through a private placement deal, investment banking sources told National Mortgage News.