Several Correspondent Lenders Settle With ResCap
Nearly a dozen correspondent mortgage lenders have agreed to a settlement with a unit of bankrupt Residential Capital LLC.
MSRs on $3 Billion in Ginnie Loans On Market
Mortgage servicing rights on a little more than $3 billion in agency home loans are being offered for sale to the highest bidder.
Industry Groups Call for Elimination of GSE LLPAs
Trade groups representing mortgage bankers, financial institutions and Realtors are among two dozen groups calling for the elimination of loan level price adjustments.
Large Distressed Mortgage Portfolio Sold
A large portfolio of distressed residential loans has found a buyer. The seller is the Federal Home Loan Mortgage Corp.
Small Lenders Gain Access to PennyMac Correspondent
Smaller mortgage bankers can now sell loans utilizing PennyMac Mortgage Investment Trust's correspondent division thanks to a new program launch.
Fannie Unloading Non-Performing Loans
More than $500 million in non-performing residential loans are being offered for sale by the Federal National Mortgage Association.
Auction On for Agency MSRs
Mortgage servicing rights on agency residential loans with a Florida concentration are being auctioned off to the highest bidder.
Nationstar Expanding Subservicing Business
Nationstar Mortgage Holdings Inc. is picking up subservicing on $50 billion in home loans as well as a mortgage servicing platform.
DU Update Delayed
The Federal National Mortgage Association has disclosed that it is postponing the release up an updated version of its automated underwriting system.
MSRs On $1.5 Billion in GSE Loans Up for Bid
Mortgage servicing rights are being offered for sale on $1.5 billion in home loans backed by the government-sponsored enterprises.