Servicing

Freddie Mac’s approach to the first HARP refinancing program resulted in faster prepayment speeds on its securitized mortgages compared to Fannie Mae MBS, according to a new report from Amherst Securities Group.

Sabal Financial is getting into the business of lending to homebuilders.

Determining a portfolio’s exact level of risk is particularly challenging due, in part, to the sheer volume of data and information requiring thorough review.

The Department of Housing and Urban Development plans to decrease the New York State Fair Market Rent limits for fiscal year 2013.

The Treasury Department’s announcement Friday that it was restructuring its ongoing bailout of Fannie Mae and Freddie Mac caught most observers off guard.

Because of the stabilization in house prices, neither government-sponsored enterprise has had to borrow significant money from the Treasury since the beginning of the year, leaving the total tab for their bailout at around $190 billion.

Redfin said that without more people willing to sell, inventory will not increase and therefore sales volume cannot meaningfully improve.

This product helps lenders meet Fannie Mae’s Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage.

Homebuyer counseling now is centered on the servicing end of the business, rather than the originations side.

Glen Ward promised to delay foreclosures for distressed homeowners as long as they could pay him $700 a month.