Loss mitigation

Smaller companies that perform servicing are rapidly growing their loan portfolios — and not just in the default servicing space.

Fannie Mae and Freddie Mac will replace the expiring Home Affordable Mortgage Program with a new loss mitigation option called the Flex Modification.

While mortgage servicers are prohibited from early compliance with the Consumer Financial Protection Bureau's final servicing rule, there are a few steps they can take now ahead of the rule's effective date.

While nonbank servicers are expected to continue to gain greater market share in 2017, much of that growth will come from their own loan origination activity rather than mortgage servicing rights purchases and subservicing, according to a report from Fitch Ratings.

MTLGQ Investors, a Goldman Sachs affiliate, submitted the winning bids in Fannie Mae's sale of $1.3 million of nonperforming loans.

Ocwen Financial Corp. posted a quarterly profit for the first time since 2015.

Many home equity line of credit borrowers don't know when their draw period ends, and many do not have plans in place to handle that transition, according to TD Bank.

Condominium associations cannot afford to take on the potential legal risk that reporting delinquent borrowers to the credit bureaus would bring.

Servicers have long skimped on technology investment, leaving legacy systems that can't keep pace with compliance demands. But rising costs and a new round of regulations are compelling both servicers and vendors to finally address these deficiencies.

Fannie Mae said that it will sell 7,300 loans with a total of $1.39 billion in unpaid principal balance.

United Guaranty Corp. has initiated a disaster policy after Hurricane Matthew tore across the Southeast this past week.

Fannie Mae plans to sell a pool of 3,600 loans with $806 million in unpaid principal balance.

With the myriad home price indices available to the mortgage industry, it's difficult to determine which offers the most cost-effective insights about a particular market. Granularity is a key selling point, but not a one-size-fits-all solution.

More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.

Bank mortgage servicers are slashing their staff in the wake of improved loan performance and decreased portfolio, according to Fitch Ratings.

Freddie Mac plans to say it will start a pilot program to increase the amount of risk it shares with private mortgage insurers.

The Mortgage Bankers Association has detailed the features of a proposal to succeed the soon-to-be-defunct Home Affordable Mortgage Program.

Fannie Mae has completed two Credit Insurance Risk Transfer transactions worth $14.4 billion, in a continuation of its efforts to reduce taxpayer risk through an increased role for private capital in the mortgage market.

Activity under the Making Home Affordable program increased in the second quarter thanks to the introduction of the Streamline Home Affordable Mortgage Program, according to a performance report from the Treasury Department.

Loan modification activity fell again on a monthly basis, but there are still several states where borrowers need assistance, according to the Hope Now alliance.