Servicing

Walter Investment Management posted strong servicing results in the third quarter while revealing that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.

Even as it continues to staff up to meet surging demand for refinancings, Bank of America is laying the groundwork for a return to traditional mortgage lending when the refi boom ends.

It appears that the privately held New Penn is positioning itself to be a major player in the jumbo market

BankFinancial said it had tried "accelerated dispositions" with some of repossessed assets, selling $2.4 million of other real estate owned and accepted offers for another $4.3 million.

Capital One's highest level of exposure is in New York, where it has $25.4 billion of loans outstanding.

If you know the answer to four questions, you will have a better handle on quality control.

PennyMac is beginning to make a name for itself as a top ranked buyer of mortgages, including jumbos.

Despite the increase, LPS believes the overall trend is one of improved delinquencies, noting that late payments are still down 30% from January 2010.

Freddie Mac chief economist Frank Nothaft attributed the mixed-rate movements to a recent above-consensus employment report, and an upward revision in the prior two months of jobs data.