Servicing

The members of the Mortgage Insurance Cos. of America did nearly $8 billion in Home Affordable Refinance Program workouts in 2Q13, up from $7.8 billion in 1Q13.

The Prestwick Mortgage Group is selling $91 million in Fannie Mae mortgage servicing rights.

For the first time in five years mortgage lending growth lags behind credit cards and the fastest growing consumer credit segments in today’s market: auto financing and student loans.

The members of the Mortgage Insurance Cos. of America did $13.0 billion of primary new insurance written in July.

The California Association of Realtors is urging the group to sign Senate Bill 30 that provides relief to distressed homeowners attempting to sell their homes through a short sale.

Regional banks are expected to see a huge drop-off in mortgage originations over the second half of 2013 as interest rates continue to rise.

Effective September 3, mortgage industry veteran Vickie Tillman is the new president of Morningstar Credit Ratings, LLC.

An industry trade group is pressing the Consumer Financial Protection Bureau to provide more clarity on its servicing rules to ensure an array of loan modification options will be available to troubled borrowers.

Concentric Equity Partners and TDR Capital have partnered to establish a new holding company that will consist of three mortgage field servicers.

Implementing eminent domain may present inconsistencies in solving the root cause of the housing problem in the U.S., create unintended consequences for both borrowers and investors, and inadvertently limit mortgage lending activity, Standard & Poors said in a report.