Servicing

The combination of rapidly rising home prices along with strong demand from institutional investors and other cash buyers means short sales are becoming less favorable for lenders.

Federal Reserve data show the rate of decline in mortgage debt outstanding has slowed in recent quarters, while housing market trends suggest it could start growing again in the near future.

The biggest state concentration in the multibillion dollar bulk mortgage servicing rights package represents less than 10% of the portfolio.

Default management is a continuous, cumbersome process with multiple touch points and outcomes, therefore more susceptible to risk.

The securitization will be backed by income from a portion of the Scottsdale, Ariz.-based firm’s portfolio of single-family rental homes.

The bank is resolving to pay millions in cash in addition to giving claim credits and other payments on certain vintage mortgage loans.

Guild Mortgage is looking to grow its business with three-year goals of amassing $20 billion in servicing and doing $10 billion a year in originations for first-time homebuyers.

The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month.

Most U.S. adults’ opinion of homeownership has failed to waver over the past five years even though the return to a normal housing market has been slow, according to a NeighborWorks America survey.

Western States dominate the low-coupon Fannie Mae mortgage-servicing rights package.