Loss mitigation

Fannie Mae is putting more than $2 billion in reperforming loans up for bid and also marketing a smaller package of more than $1 billion in nonperforming loans.

MTGLQ Investors LP, a Goldman Sachs affiliate, was the winning bidder of Fannie Mae's $2.43 billion reperforming loan sale.

If Fannie Mae's clear-boarding requirements prove effective, New York may follow Ohio's lead and move forward with a bill requiring it to be used more broadly on zombie properties.

Residential flood damage from Hurricane Harvey could reach as high as $37 billion, with more than two-thirds of losses not covered by insurance, according to CoreLogic estimates.

From payment forbearances to financing to start the rebuilding process, here's a look at five ways homeowners affected by Hurricane Harvey can get mortgage help.

Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.

The rate of mortgages in some stage of delinquency was 4.8% in April 2017, a 50-basis-point drop compared to a year ago.

Test your knowledge of these key terms from the servicing sector of the mortgage industry.

Fannie Mae chose three winning bidders for its 10th nonperforming loan sale, which consisted of 3,400 loans with an unpaid principal balance of $581 million.

Fay Servicing will pay $1.15 million in borrower restitution and possible disgorgement to settle CFPB allegations that it engaged in so-called foreclosure dual tracking and failed to keep borrowers informed about loss mitigation efforts.

Auditors performing a review of Ocwen Financial padded time sheets and claimed excessive and improper expenses, including lengthy travel and meals at strip clubs and casinos, according to a lawsuit filed against Fidelity Information Services.

State regulators felt they were strung along by the mortgage servicing giant Ocwen Financial after years of promises that were never fulfilled, resulting in successive enforcement actions against the company.

The days of vacant, distressed homes covered in sheets of plywood appear numbered, as Fannie Mae and Freddie Mac move toward greater adoption of polycarbonate "clear boarding" to secure foreclosure properties.

Foreclosure activity continues to subside and most of the regulatory reforms created to protect distressed borrowers have been implemented. Yet mortgage servicers still haven't fully resolved the operational challenges facing their business.

DLJ Mortgage Capital Inc. was the winning bidder on all four pools in Fannie Mae's second reperforming loan sale.

Freddie Mac has obtained two new insurance policies under its Agency Credit Insurance Structure program.

New Jersey Community Capital was the winning bidder of Fannie Mae's sixth Community Impact Pool auction of nonperforming loans.

Fannie Mae has obtained reinsurance for $510 million of credit losses on $20.4 billion of single-family residential mortgages through a pair of credit insurance risk transfer transactions.

First- and second-lien mortgage default rates increased slightly in February, according to the S&P/Experian Consumer Credit Default Indices.

Modification activity increased slightly in January over December as servicers worked their way through the remaining Home Affordable Mortgage Program applications.