Servicing

Gilman Law LLP is building up a class-action federal lawsuit that targets homeowner’s hazard, flood or wind insurance placed by CitiMortgage, Citigroup, American Security and Assurant.

Strong demand for refinancings pushed up Fannie Mae’s loan purchases and MBS issuance last year by 40% compared to 2011.

The inventory of foreclosed properties is approximately 20% less than a year ago as fewer foreclosures were completed during the last month of 2012.

The Mortgage Industry Advisory Corp. is offering a $457 million portfolio of residential mortgage servicing rights on behalf of an unnamed national mortgage originator.

CoreLogic predicts the mortgage industry will originate between $1.45 trillion and $1.55 trillion this year.

Following a relatively stable fourth quarter of 2012 the U.S. CMBS delinquency rate fell 14 basis points to 9.57%.

The 90-day foreclosure moratorium applies to homeowners who live in nine states and the District of Colombia where the president issued major disaster declarations.

Housing realities appear to contradict the popular belief that older homeowners can downsize a home to make the mortgage loan and living costs more affordable.

We're hearing the controversial idea that downpayment assistance can be a financially sound endeavor apparently is not dead.