Servicing

An exclusive $828 million bulk Fannie Mae servicing portfolio with subsequent monthly co-issue flow servicing of $15 million-$20 million per month is up for bid.

Just three of the 17 Mortgage Industry Equity Composite stocks finished trading on Thursday ahead of their Wednesday close, as investors continue to worry about the situation in Cyprus.

According to new Census data, home equity losses due to the foreclosure crisis took a toll on household wealth and pushed older Americans deeper in debt.

The portfolio includes 11,400 loans with a weighted average interest rate of 3.76% overall and a weighted average interest rate of 3.91% on the 30-year fixed-rate product.

Benjamin Lawsky said the New York State Department of Financial Services investigation found insurers and banks built a network of troubling relationships and payoffs that helped drive premiums sky high.

The Federal Deposit Insurance Corp. plans to sell $221.1 million of securities backed by residential mortgages held by failed banks.

Freddie Mac and its regulator must do more to ensure loan servicers properly respond to complaints over handling of mortgages held or guaranteed by the U.S.-owned company, according to a government watchdog’s audit report.

Data show the link between energy-efficient homes and mortgage default risk is not just a plausible, economically sound theory.

The 30-year mortgage rate dropped to 3.54% and origination projections for the year increased slightly to $1.75 billion from $1.7 billion.

The $34 billion servicing pool is made up of performing Freddie Mac and Fannie Mae-backed mortgages that currently have higher-than-market interest rates and are expected to be refinanced post-closing.