Servicing

The cash will be used by PennyMac to fund loans purchased from other lenders that will be held for sale on the secondary market and/or securitized.

iStar Financial and Blackstone Real Estate Special Situations Advisors have agreed to purchase nearly 21.9 million shares of preferred stock from Landmark Apartment Trust of America.

Due to higher home price gains across much of the nation, continuous improvements in distressed market measures and greater consumer confidence, a more optimistic home value projection was made by Clear Capital.

The Mortgage Industry Equity Composite had 10 stocks close higher than they did on Friday, one with no change and six lower.

We're hearing companies with a large volume of mortgage servicing rights on their books may have some bragging to do as they report second-quarter financial results.

Fannie Mae and Freddie Mac seller/servicers completed 106,900 HARP refinancings in April, up 8% from the month prior.

Mortgage Electronic Recording Systems Inc. has won dismissal of a lawsuit filed against it in a federal court in Rhode Island.

The housing industry’s recovery efforts are progressing through May as mortgage delinquencies have decreased 43% from their 2010 peak, according to Lender Processing Services.

A Credit Suisse report shows the rate of 30-year conventional prepayments dropped 10% in the latest month.