Servicing

Investment banks’ researchers generally indicated that agency mortgage-backed securities prepayments overall increased modestly in the latest month.

If the courts uphold the use of eminent domain in taking mortgages, it would open the door for the cities to purchase the loans at fair value.

Mortgage rates spiked briefly as the first quarter came to a close, raising the prospect that a rebound in refinancings originating in the fourth quarter would peter out.

Enhancements to the Home Affordable Refinancing Program rolled out in February and March allowed almost 500,000 GSE borrowers to refinance their high LTV loans.

Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes, much to the dismay of investors who hold the mortgages.

Nationstar says it is increasing by $125 million its bid on mortgage-related assets that it hopes to buy from the bankrupt Residential Capital Corp.

The number of fraudsters who charge fees for securitization audits, which is easily accessible and free to all, is increasing.

Federal banking regulators repeatedly fell short in their efforts to alert foreclosed homeowners that they may be eligible for monetary relief.

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.

It's not easy being a residential property appraiser these days.