Servicing

Concerns about the integrity of foreclosed property management costs are prompting Fannie Mae and its government overseer, the Federal Housing Finance Agency, to take a hard look at the GSE's controls.

Prepayment speeds on 30-year conventional fixed-rate securitizations generally remained stable in the latest month, although some Home Affordable Refinance Program cohorts “were a tad faster” and lower coupons slowed a bit.

The California Department of Real Estate has issued an internal directive to start broker office surveys, which include unannounced and unscheduled visits to brokers' offices.

Approximately 57% of all commercial mortgage-backed securities reaching their balloon date in March paid off as scheduled.

New cures outpaced new notices of default at Mortgage Guaranty Insurance Corp. by 3,268 loans.

Safeguard Properties is making it easier to conduct business in the South as the company has opened a new office in Richardson, Texas.

As investors continue their interest in buying single-family housing units as rentals, it may not always make sense to acquire housing units in certain markets.

ProVest, a legal services firm that manages the delivery of documents for foreclosure proceedings, has expanded its operations in the Midwest region.

The average rate for a 30-year fixed rate mortgage in Freddie Mac’s weekly survey dropped three basis points to 3.54% during the week ending April 4.

California’s housing counselors find the nation’s largest banks already are failing to comply with the National Mortgage Settlement and the state’s Homeowners Bill of Rights.