Servicing

Nationstar Mortgage Holdings reported net income of $123.4 million for the second quarter, up from $36.3 million a year ago.

The Obama administration will be calling on Congress to pass legislation that will allow Fannie Mae and Freddie Mac to refinance underwater loans in private label securities.

The speed of homes entering the market being sold is slowing as inventory starts to creep up, Redfin’s June Fastest Markets report claims.

There were 12 of the 17 Mortgage Industry Equity Composite stocks which lost value on Monday.

The grants are part of the bank’s pledge to invest 10% of its profits in the development of affordable owner-occupied and rental housing for very low- to moderate-income families.

The pool of high-balance, high-credit quality GSE loans have already been refinanced via the Home Affordable Refinance Program.

Dave Vida of LenderLive Network is one of many in the industry who does not see “anything too new in the loss mitigation space,” but recognizes it has been transformed by the foreclosure crisis.

Rising interest rates had no effect on the delinquency rate spiking 9.9% from May to June.

Like large banks, community banks are facing a steep decline in mortgage income over the next few quarters as the refinancing boom that has largely driven profits in recent years finally comes to an end.

The technology stock closed over 16% higher based on its 2Q13 results.