Servicing

Based on his public comments, DeMarco is not unsympathetic to the plight of underwater (but current) borrowers but there is no doubt in his mind that the adoption of a principal reduction program would spur a massive wave of strategic defaults by GSE mortgagors.

The latest monthly prepayment numbers bear out expectations that refinancing sparked by recent record-low rates has some legs, but they also show that the HARP response is leveling off and the reaction to FHA MIP reductions has been muted, according to Credit Suisse.

The second quarter report shows nearly 38,400 Freddie loans ($8.1 billion) with LTVs above 125% were refinanced during the first-half thanks to the HARP 2.0 changes.

LenderLive Network has been selected to become a mortgage servicer for Fannie Mae and Freddie Mac.

The web portal will provide homeowners with information that helps them make knowledgeable decisions about what foreclosure alternative options are available to pursue.

Technology at home is about wants, while technology at work should be about needs—business needs.

Florida regulators are investigating the force-placed insurance industry, the state's insurance commissioner says.

The government controlled Freddie Mac posted solid earnings of $1.1 billion in the second quarter – after paying the U.S. Treasury Department $1.8 billion in dividends on the preferred stock it owns.

Fortress Investment Group, which controls a large chunk of Nationstar Mortgage, has launched a $500 million private equity fund with a stated goal of buying mortgage servicing rights.

Low-income community revitalization has always been one of the most challenging jobs in housing finance. Both investors and individual buyers are hard to come by these days when cost is an issue for sellers as much as it is for buyers.