Servicing

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.

People who purposely default on their mortgage have gotten a lot of attention in the past few years, but only a tiny percentage of North Texans think such action is ever justified.

Barry Habib, chief market strategist for Residential Finance, said the latest CoreLogic HPI report is very encouraging because it does account for some of the recent rise in rates.

Analysts credit improving housing prices and low interest rates that helped homeowners refinance or sell for driving down delinquencies and the average mortgage debt from $188,341 in 2Q12 to $187,635 in 2Q13.

Starwood Property Trust, a Greenwich, Conn.-based real estate investment trust which makes commercial mortgage loans, had net income of $62.3 million for 2Q13, up from $44.5 million one year prior.

Richmond, Calif.’s plan to keep homeowners out of foreclosure by seizing underwater mortgages through eminent domain is unlikely to be successfully implemented, according to Moody’s Investors Service.