Finance of America Lending/Servicing/Staffing Down
Quarterly mortgage originations were slower at Finance of America Holdings LLC. Also diminishing was the lender's staffing and servicing portfolio.
Office Drives Improvement in CMBS Delinquency
After worsening for several months in a row, the past-due rate on securitized commercial real estate loans moved lower. Office building loans drove the decline.
Ginnie MSRs Being Offered on Behalf of Failed Bank
An auction is being held for mortgage servicing rights on Government National Mortgage Association loans from a financial institution that failed last month.
9-Yr Low for Freddie's Single-Family Delinquency
Residential loan delinquency again turned lower at the Federal Home Loan Mortgage Corp., this time to the lowest level in nearly a decade.
Mortgage Servicing, Staffing Expand at Caliber
Over at Caliber Home Loans Inc., staffing has expanded by more than 1,500 employees during the past 12 months. Also expanding was its mortgage servicing portfolio.
Decade Low for Serious Mortgage Delinquency
A decade has elapsed since the rate of serious mortgage delinquency was as low as it was in May. The foreclosure rate also fell to a 10-year low.
Nationstar Mortgage Adding 500 U.S. Jobs
Five hundred U.S. home lending jobs are being created by Nationstar Mortgage LLC as the company changes its staffing strategy.
Ditech Unloading Servicing on HELOCs
The servicing of thousands of active home-equity lines of credit that are securitized is being transferred from Ditech Financial LLC next month.
Delinquency Down on 1st Mortgages, Up on 2nds
Serious delinquency on first-lien home loans took a nice tumble last month. But the same can't be said for the past-due rate on second mortgages.
PHH Closes On Sale of MSRs
A previously announced agreement for PHH Corp. to sell mortgage servicing right on government-sponsored enterprise residential loans has been executed.