Servicing

The American Bankers Association and Independent Community Bankers of America are urging the GSE regulator to block Freddie Mac from imposing a $7,500 annual fee on community banks that are low volume seller/services.

The members of the Mortgage Industry Equity Composite saw a more muted version of that enthusiasm, as 11 of the 17 stocks closed up.

In today’s competitive environment, efficiency is everything. In short, the days of paper-based processes are quickly coming to an end.

Although Fitch has been worried about loosening underwriting standards in the commercial mortgage-backed securities market, it finds that so far delinquencies for CMBS 2.0 “remain virtually nonexistent.”

Fitch Ratings has raised its ratings outlook on Genworth Life Insurance Co. to stable with a key rating driver being the improve performance of the U.S. mortgage insurance business.

The Chicago office towers One & Two Prudential Plaza have received a hope note modification made possible by a $75 million new equity investment.

Lawmakers have not lifted a finger to give the Federal Housing Administration the authority to regulate its Home Equity Conversion Mortgage program via mortgagee letters.

Wells Fargo will provide $27 million to National Fair Housing Alliance members to promote home sales and neighborhood stabilization.

The Mortgage Bankers Association nominated Bill Emerson to be its vice chair for the 2014 membership year.

According to the Appraisal Institute, the Sensible Accounting to Value Energy Act of 2013 will ultimately help improve the mortgage underwriting process.