Loss mitigation

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.

The foreclosure inventory rate in July reached the lowest level recorded for any month since August 2007, according to CoreLogic.

Mortgage servicing has undergone a dramatic transformation in response to the housing crisis, creating an environment where a focus on the consumer will define how servicers approach their business and regulators oversee their operations.

Zais Financial Corp. has begun to quantify the effects that the major flooding across Louisiana had on its Baton Rouge-based mortgage banking subsidiary, GMFS.

In an unusual move, Fannie Mae has obtained credit ratings for eight previously unrated tranches of five Connecticut Avenue Securities transactions issued between 2012, when the program was launched, and 2015.

Plenty of banks have ended their federal loss-share deals early, but despite the incentives to wind them down, plenty more still have these crisis-era arrangements in place. It may be due to varying deadlines, mistakes calculating loan values or worries that they still might need the coverage for home equity lines.

Ditech Financial will lay off nearly 80 employees in Georgia as it closes an office in the Atlanta metropolitan area.

LM Funding swung to a net loss from last year amidst ballooning expenses and lower interest income from delinquent association fees.

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.

Fannie Mae is prepping servicers to handle the issues homeowners may face in the wake of severe flooding across Louisiana.

Deval LLC in Dallas has received Fannie Mae servicer approval.