Servicing

Federal regulators have revised a set of less restrictive risk-retention guidelines for commercial mortgage backed securities deals that could have a negative effect on refinancing and future CMBS growth.

Bank of America became the latest bank to announce major mortgage layoffs.

The Structure Finance Industry Group Inc. has filed an amicus brief in support of Wells Fargo NA’s motion for a preliminary injunction against the eminent domain plans of Richmond, Calif. and Mortgage Resolution Partners LLC.

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.