Servicing

The Australian ABS market remains stabile as losses for all vintages are expected to stabilize during the second half of this year despite a slight increase in delinquencies and losses for Australian ABS in 1Q 2012.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

Equifax's May National Consumer Credit Trends Report shows the total volume of severely delinquent first-mortgage loans declined to $450 billion from the peak of more than $700 billion in January 2010.

Analysts at Fitch Ratings have returned Old Republic International Corp. to Ratings Watch Negative status following the cancellation of the spinoff of the mortgage insurance business into a separate entity.

Despite the well-known symbiotic relationship between crime rates and the socio-economic wellbeing of a neighborhood attempts to measure the toll of crime on home values are scarce if nonexistent.

In the wake of several significant regulatory developments, and with more changes looming, it seems clear that esponsible servicing professionals will need to evolve and adapt to new realities.

CoreLogic has introduced a new tool designed to deliver summaries of the assignment document chain mortgage servicers need to comply with federal regulators.

As most mortgage industry professionals are aware, the Federal Housing Administration recently increased its mortgage insurance premiums.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the company should have been aware of the risks it was taking.

Dodd-Frank and regulations like the Volcker Rule are so complex that even regulators can't figure them out, according to Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association.