Servicing

Is it too early for mortgage bankers to get excited about President Chris Christie?

Washington sources have told National Mortgage News that when the outside audit of the agency is released next week, FHA's Mutual Mortgage Insurance fund may require a bailout.

The Department of Housing and Urban Development extended a 90-day moratorium on foreclosures to three counties in Rhode Island on Monday after the president declared them to be disaster areas.

Integra began its initiative due to the lack of inventory of single-family homes as rental property investments.

Under the OCC, a complex foreclosure review process is funneling hundreds of millions of dollars to administrators and advertisements. Critics charge that banks and homeowners would be far better served by a simpler program.

Election or not, the fate of mortgage banking hangs in the regulatory balance.

At least three firms bid on MetLife's $70 billion portfolio of mortgage servicing rights.

Consumer Financial Protection Bureau director Richard Cordray, installed by Persident Obama in January without Senate confirmation, is expected to hold office at least until his recess appointment expires at the end of 2013, no matter the election victor.

Bond prices are improving due to the federal government purchasing mortgage-backed securities, which keeps interest rates low.

Freddie Mac's third-quarter results suggest that the mortgage giant is living off the refi boom: in 3Q its secondary market acquisitions supported home purchases of 1.4 million units, but 5.6 million of refinancings.