Servicing

Late-stage delinquencies total an additional two million properties and 3.6 million more units are at "immediate serious risk."

In what may be bad news for mortgage lenders, 30% of all California home buyers paid for their property with cash.

Community bankers, which are increasing their presence in residential mortgages, expect to face some tough choices on staying independent.

The Federal Housing Administration, which guarantees 20% of all new mortgages, has raised premiums and tightened credit standards in an effort to avoid asking for a taxpayer subsidy.

Congratulations, Mr. President. What's your position on bailing out the Federal Housing Administration fund?

The value of mortgage servicing rights remain at historically low levels, creating one of the best buyer's markets in the history of the business.

MetLife has been quietly trying to sell its servicing rights for nine months now.

It's the MSR sale of the century. And the century is still young.

Independent foreclosure reviews at the major banks were meant to compensate wronged homeowners and restore some faith in the integrity of mortgage servicing. Instead, the process has become mired in questions of objectivity.

I have been putting out National Mortgage News for more years than I care to admit to and this issue, the Nov. 5 edition, is the hardest I’ve ever had to get out.