Servicing

A handful of bulk residential servicing packages are in the market, and there is continued strong interest in the product from REITs and hedge funds.

The average weekly rates for 30- and 15-year fixed-rate mortgages each inched up by one basis point from their record lows.

About 700,000 homeowners refinanced their mortgages through the government’s Home Affordable Refinancing Program in the first nine months of this year.

REO has long been the red-headed stepchild of the housing industry, the one nobody pays any attention to and just wants it taken care of quickly and swiftly.

Prospective homebuyers who are looking to buy foreclosed properties for an inexpensive value are not obtaining the same discounts as previously accustomed to.

Zurich is the anchor member in a consortium of insurers that Fannie Mae has lined up to write policies on its portfolio at 30% to 40% discounts to existing premiums.

Congress may decide to cap the mortgage interest deduction on residential debt at just $500,000.

The nation’s top five servicers had a combined servicing market share of 55.6% at Sept. 30, a stunning loss of eight points in share over the past 12 months.

By only stalling the foreclosure process longer than it should be, homeowners who fall prey to pretender defenders are losing large sums of money.

The House Republican Steering Committee officially endorsed Rep. Jeb Hensarling for chair of the House Financial Services Committee.