Servicing

Property valuation compliance requirements are challenging lenders and servicers as much as home price fluctuations.

Regulatory pressures have given the mortgage industry headaches along with a renewed motivation to create more efficient solutions.

As Fannie Mae's July 1 deadline approaches, lenders and servicers must meet the GSE's requirement to satisfy homeowners association claims in order to preserve their first lien position.

Loans included in commercial mortgage-backed securities had an 8.85% delinquency rate at the end of March, compared to 8.56% at yearend.

Applications for FHA-insured mortgages dropped by nearly 25% in April as the Federal Housing Administration implemented a premium hike announced in early March.

Stonegate Mortgage, which currently controls $2 billion of mortgage servicing rights, hopes to almost double that amount by yearend.

Bank of America over the past two weeks has unloaded roughly $12.4 billion of legacy mortgage servicing rights, selling most of it to Nationstar Mortgage.

As a general rule of thumb, a short sale brings in 10% less than a regular sale, but an REO sale brings in one-third less.

Green Tree Servicing, a unit of Walter Investment Management Corp., will begin servicing about 4,000 Bank of America mortgages this month as part of the bank's mandate to hire delinquent-loan specialists under a widely watched investor settlement.

Regulators issued guidance Monday on how they plan to coordinate supervision of banks and credit unions with more than $10 billion in assets.