Servicing

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.

Both Fannie Mae and Freddie Mac closed at $1.08 per share on Wednesday, continuing a spectacular run-up in recent days.

Recent data suggest legislators may have to start considering the pros and cons of expanding the Home Affordable Refinance Program so it includes private-label loans.

Cornerstone Group Development Corporation has agreed to pay millions in damages and to provide Fair Housing Act compliance training to its employees.

Walter Investment Management Corp. executives who made headlines for aggressively pursuing large pools of mortgage servicing rights over the past few years plan to remain equally active.

Consumer credit quality remains healthy through the end of February as all rate categories tracked by S&P/Experian decreased on an annual basis.

The decline in fourth-quarter income was due to fair value adjustments on loans held for sale plus the severance payment to its former CEO.

Rebuilding Together and AARP have formed a partnership to help older homeowners live in safer properties for a longer period of time.

Several industry solution providers have led the pack in advancing the quality and availability of mortgage data, analytics and compliance.

We're hearing that some in the mortgage industry are finding recent legal developments are further complicating and even potentially changing business decisions involving sales of nonperforming loans from the private-label residential mortgage-backed securities market.