Servicing

The Housing and Economic Recovery Act of 2008 requires investors to promote diversity to the extent possible, which includes field service companies.

PennyMac Mortgage Investment Trust has agreed to buy $452 million of nonperforming whole loans from undisclosed sellers.

Net income for the three months ended Aug. 31 rose to $87.1 million, or 40 cents a share, from $20.7 million, or 11 cents, a year earlier.

Interactive Mortgage Advisors is offering two small bulk mortgage servicing rights packages, one backed by loans in Pennsylvania, the other in Nevada.

The total amount of commercial real estate debt declined by 0.4% in the second quarter compared with the first.

Old Republic International Corp. has filed a corrective plan for Republic Mortgage Insurance Co. with the North Carolina Department of Insurance.

National Mortgage News has now completed three dozen years of publication and is proceeding into its fourth dozen.

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.