Servicing

A father and son were sentenced in Newark, N.J., federal court for running a fraudulent foreclosure rescue company that obtained $4.4 million in mortgage loans.

Data indicate atypical economic conditions at the local and national level will lead to atypical new delinquency rates that are bound to slow down the housing market recovery during the rest of 2013.

Commercial real estate loan collateralized debt obligation delinquencies fell in May to 12.7% from 13.2% in April, according to a Fitch report

For the most part, qualified mortgage/Ability-to-Repay guidelines should provide a level of compliance certainty. But are they still too severe?

The Atlanta mortgage servicer said it would buy $78 billion in unpaid principal balances of mortgage servicing rights using a combination of cash and available credit.

Regulators, creditors, accountants and shareholders all have increased focus on this asset. Basel III implementation may further exacerbate this.

The GSE regulator is starting to notice the emergence of some rapidly growing nonbank servicers that have become Fannie Mae and Freddie Mac seller/servicers.

The amendment provides certain exceptions to this Dodd-Frank requirement that loan originator compensation be included in the total permissible points and fees for both Qualified Mortgages and high-cost loans.

Stock prices rise as investors regain confidence over the Federal Reserve bond buying program ending.

Barclays is forecasting a year-to-year 9.7% rise in U.S. home prices by the end of 2013 and a 7.2% increase in 2014, based on first-quarter data.