Servicing

Freddie Mac received positive news from Fitch Ratings as it was deemed to demonstrate high performance in overall servicing ability for commercial mortgage-backed securities.

Almost $700 billion of mortgage servicing rights are in some stage of auction or sale.

Lenders on the deal include First Republic, Fremont, Prime Lending, Flagstar, WL Bradley and Cornerstone Mortgage.

Alfred Pollard said $1 trillion of household debt delinquent in the second quarter of 2012 support his case that are a housing crisis still lingers.

Wingspan Portfolio Advisors, a once-fast-growing specialty servicer that does business with the GSEs and other clients, is laying off almost 460 workers, according to a notice it filed with the Texas Workforce Commission.

Just when housing begins to show true signs of a recovery, the fiscal cliff strikes.

RES.NET has added a new feature to its buyer portal application, allowing prospective homeowners the opportunity to search for properties that have not been advertised on the multiple listing service.

Within the next few days a crucial audit will be released on the FHA’s mutual mortgage insurance fund, but recent figures released by the agency indicate that late payments are headed in the wrong direction.

Loan modifications continue to be a smart move politically and from a risk management perspective, and new technology is aimed at streamlining the way qualifying documents are moved between borrowers and loan servicers.

The exodus from the financial services panel is bipartisan, with five Democrats leaving the 61-member committee while seven Republicans follow suit.