Servicing

Through the end of August, the U.S. loan delinquency rate—loans 30 or more days past due, but not in foreclosure—stands at 6.2%.

Battered by defaults on loans it insures, the Federal Housing Administration is expected to tap the Treasury Department for $1 billion to $1.5 billion to plug a budget shortfall.

The NFHA has decided to amend its original complaint because the ongoing investigation found five more cities that have housing discrimination characteristics which violate the Fair Housing Act.

MountainView Servicing Group is putting up for bid two Fannie Mae mortgage servicing rights portfolios with a total unpaid principal balance of $1.3 billion.

Interactive Mortgage Advisors, as exclusive broker for an unnamed seller, is putting up for bid $1.1 billion Ginnie Mae/Fannie Mae bulk residential mortgage servicing rights.

A CoreLogic report revealed that fraud risk among mortgage applications is down nationwide in the second quarter.

This year, the market for mortgage servicing rights has heated up and the price for these rights has increased at least one full multiple while the number of active buyers appears to have quadrupled on advertised bids.

A pair of subsidiaries of Nationstar Mortgage Holdings are planning to sell $150 million of senior notes in a follow-on debt offering.

Wells Fargo persuaded a U.S. judge to dismiss some claims against it in a lawsuit by the federal government accusing the lender of home mortgage fraud because they were filed too late.