Servicing

A 2012 attempt to get Republic Mortgage Insurance Co. off the books failed because of investor opposition.

The Rate Reset Protection option enables eligible borrowers to reset and lock-in a lower rate on a conforming, jumbo and super jumbo five-year adjustable-rate mortgage up to five times during the life of the loan.

A continuing stumbling block is that Fannie Mae and Freddie Mac are unhappy about having their liens on properties subordinate to PACE loans, a DBRS executive said at ABS West.

The registry is not entitled to be notified of a pending tax lien sale, the ruling states.

Current mortgage lending growth assessments are consistently pointing in one direction: jumbo loans, and to a lesser extent home equity credit lines. But these loans make sense only in certain areas.

GSE reports that 2013 loan acquisitions are off by less than 1% from 2012.

Players in the REO-to-rental space see a bright future in pooling the cash flows of many operators into conduit transactions, but some believe the market is getting ahead of itself.

The founder of $49 billion investment firm DoubleLine Capital LP is largely avoiding the subprime-mortgage bonds that jumped about 17% last year after home prices surged by the most since 2006.

Short sales were dropping ahead of tax forgiveness provision expiration.

Fannie Mae had brought claims against New York-based Lehman over mortgages the bank packaged and sold. The agreement resolves one of the “single largest remaining claims” against the Lehman parent.