Servicing

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.

The inaugural International Federation of Finance Museums meeting aims to inspire innovation in the promotion of financial literacy globally and engage the media, academics, policymakers and industry participants.

A MacroMonitor analysis of banking activity during the past few years indicates the steady growth of mobile financial services is rearranging the transaction choices made by most households.

First quarter new mortgage originations increased 16% year-over-year following a trend expected to continue alongside falling loan delinquencies and price improvements.

Berkshire Hathaway Inc.-insured bonds tied to housing were cut one level to AA from AA+ by Standard & Poor’s after the ratings firm lowered its grade on the parent company last month.