Servicing

Some servicing technology related assets will be accounted for in this transaction, but no mortgage loans or mortgage servicing rights.

Prices for the commercial real estate loans that comprise mortgage-backed securities rose in November.

Federal bank regulators have reached an agreement with 10 of the 14 banks conducting independent foreclosure reviews.

Bank of America has entered into a $10.3 billion settlement with Fannie Mae to resolve repurchase issues involving nearly $300 billion in mortgages that B of A and Countrywide sold to the GSE from 2000 through 2008.

Several trade groups are pressing the GSE regulator to halt Fannie Mae’s secretive initiative to reduce the cost of force-placed insurance and replace it with a process that is more transparent and less disruptive to servicers.

Banks are pushing the U.S. Consumer Financial Protection Bureau to give them a year to comply with new mortgage underwriting rules that could be released as early as this week.

Of the 17 stocks in the index, 13 closed higher, four closed lower and MGIC was unchanged.

As of yearend 2012 up to $49.3 billion in deals monitored by Fitch Ratings currently are under the scrutiny of a special servicer.

Another product option for the upside-down mortgage borrower.

Our most read story on nationalmortgagenews.com this past week was Brian Collins’ report on the mortgage angle of the fiscal cliff legislation.