Servicing

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.

Wells Fargo topped the Mortgage Bankers Association’s midyear ranking of commercial and multifamily mortgage servicers.

PennyMac Mortgage Investment Trust had net income of $54.5 million for the second quarter, up from $29.6 million one year prior.

Several Northeastern states now have a higher percentage of loans in foreclosure than California and Arizona.

Industry experts expect annual home value appreciation rates to end 2013 on a strong note before slowing down considerably over the following three years.

The averages for the week ending Aug. 8 show fixed mortgage rates were relatively unchanged following a mixed employment report for July.

The company is under investigation for practices tied to sales of mortgage-backed bonds that the Justice Department has already concluded broke civil laws.