Servicing

A House Financial Services subcommittee is slated to mark up an FHA reform bill Tuesday that establishes a minimum annual mortgage insurance premium and extends the agency's indemnification requirements to all approved lenders.

Richard Cordray made his first appearance on Capitol Hill this past week in front of the Senate Banking Committee.

Now that the Federal Housing Finance Agency is backing away from a controversial plan to overhaul the 25 basis point minimum servicing fee paid on GSE loans, the market is trying to figure out what effect it will have on MSR values.

Assured Guaranty has filed a lawsuit against UBS' real estate securities unit over breach of contract claims.

Risk appetite in the U.S. triparty repo market is slowly returning, according to Fitch Ratings in a new report.

In the past month, the Trepp CMBS delinquency rate has been hovering within a narrow band. For the last three months, the delinquency rate has shifted back and forth only slightly higher and lower. During this process, the rate has not gone over 9.60% or below 9.50%.

The White House's restructuring of the U.S. auto industry appears to have worked - for now. If you saw yesterday's Super Bowl you witnessed an awe inspiring commercial from Chrysler featuring everyone's favorite 'punk' killer Harry Callahan, a.k.a. Walt Kowalski, a.k.a. Clint Eastwood.

The Obama Administration is not happy with HARP 2.0 program changes that the GSEs are implementing because it doesn't create enough competition between servicers to refinance borrowers with high LTV loans.

A collection documentation task force has been created by Ballard Spahr to assist clients in verifying that they have the proper mortgage-related documents during the foreclosure process.

The California Attorney General has returned to the 'robo-signing' talks after a four-month absence to possibly take part in a multi-state settlement with the nation's largest residential servicers, according to combined press reports early Monday morning.