Servicing

Thirty-year conventional prepayment speeds increased 4% in December from the previous month.

During December, Mortgage Guaranty Insurance Corp. had $2.2 billion of primary new insurance written, similar to November.

Nationstar Mortgage Holdings’ acquisition of $215 billion in mortgage servicing rights from Bank of America will double the size of its servicing portfolio.

The country's largest undercapitalized bank, U.S. Century Bank of Doral, Fla., raised $30 million in December through the sale of three loans.

Bruce Felt brings nearly 25 years of experience in financial operations and management in the technology sector to the web-based acution company.

Under the deal, the 10 servicers will pay $3.2 billion to borrowers and offer an additional $5.5 billion in unspecified "other assistance."

In purchasing the servicing rights to 650,000 Fannie Mae loans from Bank of America, Walter Management is looking to refinance over 45% of those loans through the Home Affordable Refinance Program.

The housing industry is starting 2013 off on a positive note as the number of improving markets rose for the fifth straight month.

Almost 55% of the loans financed through a commercial mortgage-backed security execution reaching their balloon date were paid off in December.

The recent sale of a nearly vacant mall in Kentucky serves as a good case study in unwinding troubled loan participations.