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With volume more than triple normal levels, PennyMac ended the day 4.25% down from its Wednesday close, making it the worst performer among Mortgage Industry Equity Composite stocks.
February 7 -
Prepayments on Home Affordable Refinance Program-eligible cohorts remained stable or slightly higher, but overall conventional bond speeds have dropped.
February 7 -
Almost two-thirds of the conduit loans reaching their balloon date in January paid off on time.
February 7 -
New Jersey Community Capital was chosen by the U.S. Department of Housing and Urban Development to purchase 399 troubled mortgages in order to help homeowners avoid foreclosure.
February 7
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The McCann Law Group is now utilizing IndiSoft’s RxOffice platform to handle a variety of cases across the country.
February 7 -
As servicers better adapt to new federal regulation, the foreclosure versus mortgage loan workout momentum is finally changing, opening the way for the nonconforming market to return.
February 7 -
Mortgage servicers may not be in the habit of courting real estate brokers when working on a short sale, but it may be worth their time to do so.
February 7 -
Mortgage Technology is pleased to begin accepting nominations for the 2013 Top 50 Service Providers. The final deadline for nominations will be 6 p.m. EST Thursday, March 7, 2013.
February 7
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Holliday Fenoglio Fowler has received a National Seniors Housing Designation from Freddie Mac.
February 7 -
Congressional Democrats are urging President Obama to nominate a new GSE regulator to replace Federal Housing Finance Agency acting director Edward DeMarco.
February 7
