Servicing

Interactive Mortgage Advisors as an exclusive broker for an unnamed seller is offering another package of bulk Fannie Mae mortgage servicing rights.

The mortgage technology company had the largest percentage loss among Mortgage Industry Equity Composite stocks.

Refinancings have fallen off the cliff and the mortgage industry is bracing for a decline in originations.

Following its aggressive mortgage servicing portfolio expansion, Walter Investment Management Corp.’s drastic $142.8 million annual net income increase in the second quarter was not much of a surprise.

We're hearing there is a growing consensus that Fannie Mae and Freddie Mac should be wound down and replaced with a new system that relies more on private capital than government guarantees.

Farmer Mac reported GAAP net income of $27.7 million for the second quarter, reversing a loss of $4.3 million for the same period in 2012.

Lender Processing Services had net earnings of $19.1 million for the second quarter, compared with a net loss of $37.9 million one year prior.

The judges have selected the finalists for the 14th Annual Mortgage Technology Awards. Watch to see who will contend for this year's awards.

New data by the Mortgage Bankers Association show that the serious delinquency rate on FHA-insured single-family loans fell to 7.57% in the second quarter.

Fitch in its latest monthly index recorded the largest drop in commercial mortgage-backed securities delinquencies since the end of the recession.