Servicing

There are now less than $70 billion of commercial mortgage-backed securities loans in special servicing, the lowest number since 2009 and less than 10% of the entire CMBS universe, Fitch Ratings said.

Since Wells Fargo Home Mortgage introduced the Home Rebate CardSM program in 2007 homeowners have used their rewards to automatically pay down $50 million in mortgage principal balances.

Nationstar Mortgage and Nationstar Capital Corp. reported they intend to sell an aggregate principal amount of 6.5% in unsecured senior notes due 2022.

William Pulte says the only way to truly save Detroit and get the housing market functioning properly again is to destroy large swaths of the city as quickly as possible.

Standard Pacific Mortgage Inc. is looking to sell $70 million per month of Fannie Mae and Ginnie Mae flow mortgage servicing rights.

Fixed mortgage rate averages in Freddie Mac’s weekly survey have been rising, but they were below year ago rates until now.

The Obama administration has extended its signature loan modification program for two years to help more families avoid foreclosure.

National Center for Policy Analysis senior fellow Pamela Villarreal, who authored the study, calls reverse mortgages complicated and expensive.

Retail originators and mortgage brokers won’t have to count the compensation they pay their loan officers towards the 3% points and fee cap, according to the Consumer Financial Protection Bureau.

Fears resurface that the Federal Reserve will end the stimulus program sooner rather than later.