Servicing

Profits on home sales reached their highest point in eight years in the third quarter despite a slowing-down of appreciation rates, according to RealtyTrac's U.S. Home Sales Report.

While the overwhelming majority of Nationstar Mortgage Holdings' $4.9 billion in home loan originations in the third quarter were conventional loans, that will be changing soon if the company's chief executive officer has his way.

Fannie Mae was affected by the same derivatives accounting mismatch that led to Freddie Mac's first quarterly loss in four years. But its bulk and balance sheet provided enough cushion for the larger of the two government-sponsored enterprises to post a profit for the third quarter.

Mortgage professional hiring and new job appointments for the week ending Nov. 6.

Nationstar Mortgage Holdings took $66 million in losses for the third quarter, compared to a $75 million gain in the second quarter.

Ocwen Financial is back with another round of term notes issued from its Ocwen Master Advance Receivables Trust.

Citigroup plans to issue another $421 million of reperforming residential mortgage bonds from its Citigroup Mortgage Loan Trust, according to DBRS.

Critical shortcomings in data management and analytics to support servicing rights transfers will become more problematic amid servicer expectations of accelerated activity, according to the results of a National Mortgage News survey.

PHH Corp. swung to a loss in the third quarter, as the mortgage servicer and originator set aside reserves to cover the potential cost of regulatory investigations.

The commercial mortgage-backed securities delinquency rate continued its year-long improvement in October, with another big improvement predicted for November, according to Trepp.