Servicing

Mortgage Industry Advisory Corp. as exclusive representative of an unnamed West Coast mortgage company is offering for sale another package of mortgage servicing rights.

Comparative data on servicers of securitized residential mortgage loans show RMBS investors are likely to shoulder higher carrying costs due to long and lengthening completed foreclosure timelines.

Eminent domain is a bad idea. Let’s put this as clearly as possible: cities, counties, don’t do it.

The federal government’s 2009 Home Affordable Modification Program requires the bank to offer permanent adjustments to homeowners who met the terms of a trial-period modification.

PNC Financial Services Group got a U.S. subpoena tied to foreclosure expenses on federally backed home loans and said two agencies are investigating whether its mortgages were unfairly priced.

Walker & Dunlop earned $14.5 million for 2Q13, up from $9.3 million one year prior, as loan originations practically doubled to $2.6 billion from $1.3 billion over the same frame.

The Federal Housing Finance Agency has entered the fray over the use of eminent domain by cities to condemn and restructure certain underwater mortgages.

Ellie Mae is considering a sale and has interviewed banks to manage the process, three people with knowledge of the matter said.

Ellie Mae was the largest gainer among Mortgage Industry Equity Composite stocks on Thursday.

The number of loans in Mortgage Guaranty Insurance Corp.’s delinquent inventory declined by 1,350 in July.