Servicing

Blackstone Group's latest sale of bonds backed by rental homes found robust demand from investors, particularly the riskiest portions of the offering, as the market prepares for a new breed of the securities.

Some nonbank issuers of mortgage-backed securities are wrestling with capital pressures, and Ginnie Mae has cooperated with their efforts to sell chunks of mortgage-servicing-revenue streams to investors.

The National Association of Hispanic Real Estate Professionals has issued an industrywide call to improve access to affordable housing.

Bank of America is asking the Justices to overturn lower-court rulings that mortgage loans with a secondary lien on a debtor's asset can be "stripped down" to zero when the collateral is completely underwater. The decision could affect an even wider range of second liens.

A Freddie Mac and Fannie Mae mortgage servicing rights portfolio with approximately $10 billion of unpaid principal balance is now on the market.

The federal government awarded the California Housing Finance Agency more than $450,000 to support a program that provides counseling to homeowners facing foreclosure.

Large mortgage servicers continued to shed delinquencies as overall loan performance improved in the fourth quarter, the Office of the Comptroller of the Currency said Friday.

Financial institutions are far from drowning because of underwater mortgages, with the impact of these loans mostly behind them, according to Fitch Ratings.

Blackstone Group's rental-home finance company plans to offer bonds backed by properties managed by many landlords, the first sale of the debt from multiple borrowers.

Mortgage professional hiring and new job appointments for the week ending March 27.