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Buying a distressed loan isn't usually considered similar to trolling for discounted airfare.
February 4
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Residential Capital completed the sale of the originations and capital markets platform to Walter Investment Management Corp.
February 1 -
Fitch Ratings affirms the commercial mortgage-backed security servicer ratings of Bank of America and BNY Mellon based on their experience, technology and management expertise.
February 1 -
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.
February 1
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Strong demand for refinancings pushed up Fannie Mae’s loan purchases and MBS issuance last year by 40% compared to 2011.
February 1 -
The inventory of foreclosed properties is approximately 20% less than a year ago as fewer foreclosures were completed during the last month of 2012.
February 1 -
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The Mortgage Industry Advisory Corp. is offering a $457 million portfolio of residential mortgage servicing rights on behalf of an unnamed national mortgage originator.
February 1 -
CoreLogic predicts the mortgage industry will originate between $1.45 trillion and $1.55 trillion this year.
January 31 -
Following a relatively stable fourth quarter of 2012 the U.S. CMBS delinquency rate fell 14 basis points to 9.57%.
January 31
