Servicing

Despite the mounting charge from burgeoning nonbank servicers, three large banks still control the majority of the servicing market.

New Residential Mortgage priced $504 million of bonds backed by a pool of mostly reperforming residential mortgages, according to Standard & Poor's.

For the first time, there is a subservicer, Cenlar FSB, handling the servicing function for more than $200 billion in mortgage loans.

The first listed Australian landlord of U.S. housing is hunting for rundown properties in the New York City area as prices hit new highs.

National MI, a private mortgage insurance company in Emeryville, Calif., has named Jay Sherwood as president.

Mel Watt, down payment, homeownership, Fannie Mae, Freddie Mac, FHA

PNC Financial Services Group has appointed a new leader for its mortgage division.

Many professionals in the mortgage industry are paying close attention to the non-QM market to see if it will indeed provide a path back to subprime loans of the past.

With some proposals still outstanding, mortgage bond market participants are concerned that eminent domain attempts would spread if a municipality makes inroads with a proposal.