Mortgages

Loan modifications continue to be a smart move politically and from a risk management perspective, and new technology is aimed at streamlining the way qualifying documents are moved between borrowers and loan servicers.

The exodus from the financial services panel is bipartisan, with five Democrats leaving the 61-member committee while seven Republicans follow suit.

Joseph A. Smith is encouraging service members and their advocates to report mortgage-servicing complaints by using two online forms provided on the settlement monitor’s website.

The Treasury Department reported that servicers completed 47,100 Home Affordable Modification Program restructurings in the third quarter, down slightly from 49,950 in 2Q.

EverBank Mortgage is one of the fastest growing residential lenders among the top 30.

In times of trouble, making it easier for them to find key paperwork could give you a marketing edge.

Walter Morales and his firm Commonwealth Advisors Inc., based in Baton Rouge, La., sold mortgage-backed securities to hedge funds they managed at the lowest and riskiest prices, the SEC alleges.

Allonhill laid off roughly 10 full-time appraisers because of a cutback by one of its mortgage clients.

Annaly Capital Management has proposed to purchase the shares of Crexus Investment Corp. it doesn’t already own.

Will more nonbanks enter the mortgage servicing arena in 2013?

Underwriters that are members of the Mortgage Insurance Companies of America wrote $10.1 billion of primary new insurance in September, the group’s third best month of the year.

Total losses in 3Q came to $490 million, up 6% from 3Q11, but down 11% from 2Q12.

Community banks have long been a source of loans that for a variety of reasons do not fit the parameters of Fannie Mae and Freddie Mac programs.

Amy Brandt—best known, perhaps, for her days as CEO of WMC Mortgage, a California nonprime lender—will lead Prospect as it expands into correspondent lending and servicing.

Among this exclusive group, U.S. Bank was the stand out in terms of growth, increasing fundings by 142% over the past 12 months.

What can be done and who can get involved to balance compliance while maintaining the interest of those who make REO liquidation possible?

Fannie Mae and Freddie Mac are taking new steps to facilitate the closing of loans that were being processed when Hurricane Sandy slammed into the New Jersey coast.

Walter Investment Management posted strong servicing results in the third quarter while revealing that it will take control of $50.4 billion of Fannie Mae mortgage servicing rights when the Residential Capital Corp. deal closes.

The decision to delay the implementation date on Basel III capital rules could be a game changer for the residential mortgage servicing business–or maybe not.

Even as it continues to staff up to meet surging demand for refinancings, Bank of America is laying the groundwork for a return to traditional mortgage lending when the refi boom ends.