Servicing

Fannie Mae has completed a credit risk sharing transaction that transfers the actual losses on mortgages it insures — to reinsurers.

Despite a recent dip, U.S. loan delinquencies are on a steady downward slope, according to Black Knight Financial Services.

Communication between homeowners and their servicers remains the most frequently reported challenge for housing counselors, the National Foreclosure Mitigation Counseling program said.

Mortgage professional hiring and new job appointments for the week ending Sept. 25.

Ocwen Financial Corp. announced that it will lay off approximately 300 residential servicing employees at its facility in Waterloo, Iowa.

MountainView Capital Holdings is offering up for bid an $80 million, servicing-released pool of performing and distressed mortgages, some of which the Federal Deposit Insurance Corp. jointly owns.

While banks have significantly decreased their problem assets from their 2010 peak, sour credits remain much higher than in 2006. A number of banks have been reluctant to sell these assets because of low interest rates and a struggle to find better investments.

A Fair Housing Act lawsuit allowed to stand against a lender degrees removed from the alleged injury is one example of how broadly defined discrimination laws will open an abyss of litigation.

From due diligence and portfolio analysis to strategies for compliance and raising capital, the rapidly-evolving market for buying and selling distressed mortgage assets has created both challenges and opportunities for investors, servicers and portfolio managers.

Michaelson, Connor & Boul has formed a consulting division related to Federal Housing Administration loan portfolios, after it lost a management contract for REO properties.