Foreclosures

Servicers got what they asked for when the Consumer Financial Protection Bureau limited the specificity of certain requirements in its final servicing rule. Now they may regret it.

The delinquency rate for mortgages on residential properties during the second quarter dropped to the lowest level since 2006, the Mortgage Bankers Association reported.

Fannie Mae has released the details of its next nonperforming loan sale, which will include its fifth "community impact" pool.

Nationstar is preparing its third securitization this year, and sixth overall, of nonperforming and inactive reverse mortgages under a Federal Housing Administration reverse mortgage program.

The foreclosure inventory at the end of June was at its lowest level since August 2007, according to data released Tuesday by CoreLogic.

Community development entities like New Jersey Community Capital and Hogar Hispano are being guaranteed a portion of the secondary market for distressed mortgages. They are doing a good job of forestalling foreclosures, but skeptics question whether that run will last.

Incenter Mortgage Advisors is brokering the sale of an $8.9 billion Ginnie Mae bulk residential mortgage servicing rights portfolio.

The Consumer Financial Protection Bureau on Thursday finalized new requirements for mortgage servicers that provide more help to struggling borrowers and add consumer protections when loans are transferred.

The Consumer Financial Protection Bureau added its voice Tuesday to a chorus of other regulators in calling for sustainable foreclosure relief when the Home Affordable Modification Program expires at yearend.

Fannie Mae has selected Corona Asset Management XVIII as the winner of its fourth and latest "community impact" pool of nonperforming loans.