Servicing

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.

Wells Fargo announced the closure of a mortgage servicing site and the retirement of a longtime commercial banking executive Wednesday.

Many servicers are willing and able to modify mortgages to help borrowers save their homes. It’s just a matter of getting that message through.

It's was anything but a winter wonderland for the housing market, according to a report by Freddie Mac.

The latest securitization of reperforming residential mortgages offers investors less protection against future losses than the previous deal, and has earned correspondingly lower safety scores from Fitch Ratings.

The Justice Department's Clifford White is putting all mortgage servicers on notice that they too will be punished if they flout bankruptcy rules.

Investors punished Nationstar Mortgage, sending shares down more than 10% Wednesday, down $3.15 a share to $27.96 a share, after the nonbank servicer announced a capital raise of roughly $500 million that will dilute existing shareholders.

With mortgage giant Freddie Mac finding increased demand this week in the nascent market for its risk-sharing securities, competitor Fannie Mae said it was taking steps to draw more buyers for its own notes.