Servicing

Credit shortages in parts of the market such as the jumbo sector are a strong argument for finding a way to make private-label securitizationeconomically viable again, a panelist told attendees at a securities conference in New York.

In a further sign that the housing market is in the tank, banks have been outselling home builders for the last 18 months, according to a new report from Housing Intelligence, an independent research and analytical firm.

JPMorgan Chase & Co. is taking a hard line with some borrowers who want to sell their homes for less than they owe on the mortgage and avoid foreclosure.

Bank of America lost $1.5 billion on its residential mortgage business in the second quarter with credit charges remaining high and loan production barely rising from the first quarter.

A few minutes after the Senate passed historic legislation to reform Wall Street, the Securities and Exchange Commission announced that Goldman Sachs had agreed to a record $550 million settlement of civil charges that the firm misled clients that lost $1 billion on a subprime CDO known as ABACUS.

Today’s way of managing the REO sales process is still built around the same technology system that was in place two decades ago, which creates inefficiencies that prevent offers from going through, according to industry insiders.

What are the best options available to lenders to deal with today's ever-changing loan volumes while maintaining loan performance?

FBR Capital Markets is recommending investors be "more aggressive" on private mortgage insurers ahead of their second quarter earnings reports.

The average rate for a 30-year fixed rate mortgage during the week ended July 15 matched the previous week's record low of 4.57%, according to Freddie Mac's Primary Mortgage Market Survey.

Borrowers giving up their homes through short sales face pressure to pay fees under the table; potential ripple effects of a Fannie Mae/Freddie Mac name change.