Servicing

There often has been more talk than action in some cases when it comes to bringing old deal-types back to the new-issue securities market. But two notable transactions did emerge recently, and investors considering them should take note of how they and today's environment differ from what was seen in the past.

Thirty Democratic senators are urging the Federal Housing Finance Agency to evaluate the use of principal reduction as a "targeted solution" for assisting underwater borrowers with Fannie Mae and Freddie Mac loans.

William E. "Bill" Mills, Jr., co-founder and chairman of Atlanta-based public relations firm William Mills Agency, passed away on March 15. He was 78.

There have been 16 bank failures through the first quarter this year. In the third quarter and fourth quarter last year, 26 and 18 banks were shut down, respectively.

Delinquency rates on home equity loans may have peaked during last summer, but they still remain at "troublesome" levels, according to a new report released by the American Bankers Association on Thursday.

By at least two measures CMBS delinquencies took a notable upward turn in the last month, and by one measure new defaults also are still on the rise. But some observers believe the deterioration in performance is slowing in some areas and better days may lie ahead.

New York Attorney General Eric Schneiderman is warning state homeowners to beware of phone solicitations from scammers claiming to provide assistance related to the recent national mortgage servicing settlement.

The average rate for a 30-year fixed rate mortgage during the week ending April 5 dropped to 3.98% from 3.99%, according to Freddie Mac's survey.

The National Fair Housing Alliance is putting the final touches to legal complaints against several undisclosed banks with very large foreclosure inventories on grounds of discrimination against communities of color and violation of the Fair Housing Act. The first complaint will be filed as early as next week.

Technology is an essential factor in the ongoing efforts to advance the efficiency and effectiveness of field service providers’ operations.