Servicing

The Federal Housing Administration raised mortgage insurance fees during the financial crisis in order to cover a wave of defaults. Now that the housing market has steadied, the agency should adjust its policies.

Legacy mortgage insurers welcome the level playing field that will come with a recent capital retention proposal, even though the new requirements will have a greater impact on firms that have larger volumes of insurance on high-risk loans.

Principal Real Estate Investors and Macquarie Group have jointly launched Principal Commercial Capital, a national lending platform that will both originate and securitize commercial mortgage loans.

Despite regulatory constraints on servicing transfers that affect large players, increased compliance costs and capital ratio requirements are a bigger burden for smaller servicers to bear.

A plea for the Federal Housing Administration official to finish clarifying the rights of spouses unnamed on Home Equity Conversion Mortgages before she leaves office.

Ginnie Mae President Ted Tozer is urging credit unions and community banks to contact their Federal Home Loan Bank so they can participate in a conduit program for government-backed loans.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

The delinquency rate for commercial mortgage-backed securities remained stable last month, according to data from Fitch Ratings.

American Homes 4 Rent in Agoura Hills, Calif., expects to raise about $488 million from the sale of rental revenue backed securities.

While year-over-year foreclosure activity continued to decline in August, an uptick in foreclosure auctions suggest the housing market still is in detox mode, according to RealtyTrac.