Servicing

A Pennsylvania federal judge ruled that HUD's handbook allowed, but did not require servicers to offer partial claim workarounds in tandem with funds from HAF.

The real estate investment trust reported a GAAP loss and thin earnings available for distribution as a result of market shifts that also affected some peers.

Foreclosures were up month to month in October, while future indicators, such as mortgage delinquencies and trouble making all debt payments, came in higher as well.

The two companies will retain ties as Daniel Wallace moves to an operational leadership position at a time when non-agency mortgage opportunities are opening up.

Private mortgage insurers are having a strong year so far, although most had flat business in the third quarter, industry results show.

The majority of bigger, rated nondepositories will start the year with leaner operations. Opportunities are narrower for smaller players and vary by channel.

United Wholesale Mortgage beat its own guidance on originations and gain on sale margins third quarter earninga, helped by an uptick in refinance volume due to lower rates in August and September.

If issuers take certain steps to manage their interest rate exposure they could get a break on new nonbank requirements set to take effect soon.

Value adjustments to Guild's MSRs totaled a loss of $145.8 million, the nonbanks third quarter earnings show.

Low supply and production volumes, though, have left values competitive, with two segments in particular holding promise for favorable returns, a new report said.