Servicing

The U.S. mortgage market is of course considerably smaller, safer and less accessible than it was nine years ago.

The Federal Housing Finance Agency’s first report on the sales of nonperforming loans owned by Fannie Mae and Freddie Mac may seem discouraging at first.

Mortgage professional hiring and new job appointments for the week ending July 1.

Inaccurately insured homes can cost mortgage servicers millions of dollars in civil penalties — a loss that can be prevented by better understanding the figures and analysis used to determine the correct cost of insurance needed.

Nonperforming loan investors will have to consider principal reductions and offer more sustainable loan modifications.

The Federal Housing Finance Agency is soliciting industry input on how to improve Fannie Mae and Freddie Mac's credit risk transfer transactions, for the first time considering front-end transactions rather than back-end deals.

The Supreme Court agreed Tuesday to hear a case regarding a clause in Fannie Mae's corporate charter that awards jurisdiction over every case involving the government-sponsored enterprise to federal courts.

The Federal Housing Finance Agency wants mortgage servicers reaching out to delinquent borrowers to be exempt from tough restrictions on robo-calling. But the idea is being panned by consumer groups, who say it would give a free pass to mortgage servicers that have a record of consumer-protection violations.

Nationstar Mortgage is issuing its fifth securitization of nonperforming reverse mortgages, a unique esoteric RMBS class the mortgage servicer has engaged in four previous transactions.

Fitch Ratings will now conduct reviews of residential mortgage-backed securities deal agents as part of its RMBS master criteria, with Clayton Holdings as the first deal agent to receive an assessment.