Servicing

According to Lender Processing Services, there are over 3.4 million properties 30 or more days past due but not in foreclosure.

It sounds like a novel idea: set up a mutual fund, load it up with residential loans bought at a discount in the secondary market, and sell shares to a yield-hungry public looking for a better return than the 0.50% that most money market accounts are paying.

Second quarter new insurance written strong, but legacy business remains an overhang.

Mortgage bankers are worried that the GSEs might be ushering in a ‘score card’ rating on all their customers tied to net worth, loan quality and more.

Initial demand shifted toward the long bond in the pricing of Fannie Mae’s latest multifamily delegated underwriting and servicing REMIC deal.

Was Berkshire Hathaway faking an interest in Residential Capital Corporation?

Former Total Mortgage Services wholesale manager Domenic Melillo has joined National Mortgage Insurance, a new MI firm.

An EquityLock Protection contract protects the value of a customer’s home from future local market declines for up to 15 years.

Bank of America is continuing to unload large chunks of its mortgage servicing portfolio.

Rep. John Campbell, R-Calif., introduced a bill that would cut off a community’s access to government-backed loans if local officials invoke eminent domain to seize mortgages.