Servicing

The effects of discontinued operations resulted in Impac Mortgage Holdings reporting a 1Q13 loss of $738,000, compared with a 1Q12 loss of $4.8 million.

Timothy Shannahan became the fourth person to admit conspiring with Kathryn Sylvester, the former CEO of Sylvester Financial Inc., to commit mortgage fraud.

First-quarter earnings confirm that recent mortgage servicing portfolio purchases already have and will continue to strengthen the financial performance of Walter Investment Management Corp.

Steve Eisman, who rose to fame betting against subprime mortgages, said investors should buy shares of homebuilders, land and mortgage lenders as the U.S. housing market improves.

The Federal Reserve said some mortgage borrowers who were insufficiently paid as part of a settlement will be sent supplemental checks next week.

A judge narrowed a $1 billion lawsuit by the U.S. against Bank of America Corp. over mortgages the bank and its Countrywide unit sold to Fannie Mae and Freddie Mac.

Small banks are turning to the Federal Agricultural Mortgage Corp.—better known as Farmer Mac—for lending to agricultural borrowers at interest rates that match those offered by Farm Credit lenders.

Average weekly rates for fixed-rate mortgages in Freddie Mac’s latest survey reversed course and rose after six weeks of declines.

Foreclosure activity in April fell to its lowest level in approximately six years, showing signs that a housing recovery is in full effect.

Barclays’ analysts are urging investors to not miss out on the benefits of risk-sharing agency financing rules.