Servicing

Investors who are interested in acquiring distressed properties are confident that there is an adequate supply of inventory available to choose from throughout the country, according to a survey by Information Management Network.

Let's assume that the recent downdraft in rates won't get any worse and then ask this very basic question: will those buying MSRs at today's rock bottom prices look like geniuses when the smoke finally clears?

In the first quarter of this year, servicers completed 200,000 foreclosures and 91,000 short sales, up from 81,000 short sales in the prior quarter.

Wells Fargo & Co. is in the market with a $200 million package of nonperforming residential loans, according to investors that have been briefed about the deal.

MGIC Investment Corp. has filed a lawsuit in Federal Court in Milwaukee against Freddie Mac and its conservator, the Federal Housing Finance Agency, over the pool insurance dispute between the two companies.

The former MetLife Home Loans branch in Omaha, Neb., has become part of Gateway Mortgage Group, Tulsa, Okla.

Based on the comments appearing on our blogs and message boards, loan officers and mortgage brokers are overwhelmingly Republican. They don’t like too much regulation and given what’s transpired because of Dodd-Frank (regarding loan officer compensation) they’re fighting an uphill battle concerning how much money they can earn.

According to new figures compiled by RealtyTrac, servicers filed 188,780 notices of default in April, the lowest reading since July 2007.

What does the future hold for the GSEs? Combined agencies? A GSE for nonconforming?

Most Federal Reserve officials foresee a continued slow recovery in the housing market and some are optimistic the improvement may pleasantly surprise their fellow members on the Federal Open Market Committee.