Servicing

The Federal Housing Finance Agency’s decision to reject adoption of a principal reduction program had very little impact on the pricing of $53 billion of MBS backed by Home Affordable Refinance Program loans.

MGIC Investment Corp. lost $274 million in the second quarter, almost double the amount of red ink it suffered in the same period a year ago.

If you’re a flaming liberal in Congress you view the Ed DeMarco-principal-reduction controversy as follows: Fire that Republican now!

Over the past year Ocwen has agreed to purchase large MSR portfolios from JPMorgan Chase, Litton Loan Servicing and Saxon Mortgage.

A decision by the Georgia Court of Appeals has added new language to a notice of foreclosure requirement case that, according to some analysts, could invalidate thousands of Georgia foreclosures.

Fannie Mae this week opened a mortgage help center in Ontario, Calif., and now operates a dozen centers nationwide that provide free education and counseling servicers to struggling homeowners.

The Consumer Financial Protection Bureau has taken its first civil action, suing and effectively stopping business at a Los Angeles law firm that charged homeowners for loan modifications that allegedly never happened.

Fannie Mae reported that loan commitments hit $81.7 billion in June, up 13% from the month prior.

Radian and most mortgage insurers consider HAMP transactions a modification of existing coverage and do not include it in new policies written.

From 2007 to 2011, more than 1.5 million older Americans lost their homes as a result of the mortgage crisis.