Servicing

Delinquencies among loans securing commercial mortgage-backed securities ended June at their lowest level since October 2010.

Fitch Ratings has affirmed the long-term issuer default ratings of both Fannie Mae and Freddie Mac at AAA.

The average rate for a 30-year fixed-rate mortgage during the week ending July 3 dropped back to 4.29% in Freddie Mac’s holiday-shortened weekly survey.

Servicing and other remaining risks will limit how much the performance of securitized residential mortgage loans originated during 2005-2008 will benefit from rising home prices.

Home Affordable Modification Program mods will qualify for the 50% risk-weight bucket.

Sabal Financial Group CEO Pat Jackson sees niche business growth opportunity within the third-party servicing space.

Nationstar’s revised loss reporting related to principal forbearance loan modifications will have what Fitch calls “marginal rating implications” on some residential mortgage-backed securities that already have very low ratings.

There were nine Mortgage Industry Equity Composite members which closed lower and eight which closed higher.

Housing bubbles in the future can be prevented or limited by targeting policies to specific metropolitan areas, a research paper from the Lincoln Institute of Land Policy claims.

The Bank of the Ozarks will be opening a commercial real estate loan production office in New York.