Servicing

A $402 million Fannie Mae mortgage servicing loan portfolio is up for sale with Prestwick Mortgage Group acting as the exclusive broker.

Don Brinker, homeownership manager for MHDC, said USA Mortgage was rated “highest in volume and best in ongoing thoroughness and quality of submissions.”

Radian Guaranty did $5.29 billion of primary new insurance written in July, its best month ever for flow production.

The latest round of 30-year conventional mortgage-backed securities prepayment speeds were 9% slower than the previous month.

Impac Mortgage Holdings reported second-quarter profits of $1.2 million, compared with a loss of $738,000 in 1Q13 and profits of $4.2 million in 2Q12.

Ginnie Mae has started providing loan-level data on newly issued single-family MBS and soon investors will be able to receive monthly updates on the performance of the underlying loans.

Churchill Mortgage has introduced “Purchase Guaranteed Close,” a program that ensures timely closing of mortgage loans.

Five California men were sentenced for defrauding hundreds of victims in a real estate scam that included collecting upfront fees for promising loan modification services that never occurred.

The July 2013 Clear Capital Home Data Index Market Report indicates the current 9.3% in annual gains remain below peak values that continue to adjust until they reach the new normal in home prices.