Servicing

Who's on the Fannie/Freddie 'High Risk' watch list? Well, we can guess who isn't on it.

For the week ending Sept. 20, 30-year fixed-rate mortgages fell six basis points to 3.49%, matching the record low, while 15-year FRMs declined eight basis points to 2.77%, setting a new record low.

Fannie Mae Chief Economist Doug Duncan explains the impact of the eurozone crisis on the mortgage industry.

In late October $365 billion of mortgage servicing rights belonging to Residential Capital Corp. will be auctioned off to the highest bidder.

A new report from the Federal Housing Finance Agency inspector general on Fannie Mae’s MSR deal with Bank of America also confirms that the GSE tried to buy specialty servicer Litton Loan Servicing.

A law firm that won an $8.5 billion settlement from Bank of America Corp. tied to faulty mortgage bonds said Wells Fargo and Morgan Stanley failed to service $73 billion of similar securities, creating a default.

Mortgage Builder is set to release the latest version of its loan origination system.

Does a borrower whose mortgage is underwater have an obligation to continue paying their monthly loans if they have the ability to do so? There are different viewpoints to this question.

The overall efficiency of servicers working on delinquent subprime loans improved modestly during the second quarter, reinforcing a recent trend that is likely to continue.

When Fannie Mae agreed to pay Bank of America $512 million to buy the right to administer 384,000 loans last year, members of Congress questioned the size of the payment to the beleaguered servicer.