Excellent Month at Fannie Mae
New business ascended at the Federal National Mortgage Association, while home loan delinquency fell to a new post-crisis low.
First Republic Bank's Mortgage Originations Soar
Quarterly home lending activity at First Republic Bank was up by nearly half. Also increasing was the servicing portfolio and income.
Hotel Loans Lead Drop in CMBS Delinquency
With hotel mortgages leading the way, the rate of past-due payments on securitized commercial real estate loans continued falling to a multi-year low. Retail property loans, however, suffered a significant setback.
Ocwen Originations Up, Servicing Sinks
While Ocwen Financial Corp. managed to grow its quarterly home-loan production, its mortgage servicing portfolio plunged and its domestic staffing subsided.
Order Issued Against Servicer of Distressed Loans
A servicer of distressed residential loans out of North Texas has consented to an order alleging it blocked delinquent borrowers from avoiding foreclosure.
Ginnie MSRs Hit the Market
Bids are now being taken for mortgage servicing rights on nearly $2 billion in Ginnie Mae residential loans.
Home Lending, Servicing Up at Nationstar
Mortgage production and servicing were up at Nationstar Mortgage LLC, and company-wide earnings made a big turn-around.
Satisfaction With Mortgage Servicers Deteriorates
Mortgage servicers' distraction with regulatory issues has left most of their borrowers less satisfied. Despite incentives for non-bank servicers to focus on loan performance instead of borrower relationships -- it was a non-bank servicer that was rated best by its borrowers.
GSE MSRs Up for Bid
Bids are being taken for mortgage servicing rights on a portfolio of well-performing conventional agency home loans with a concentration in California.
Bi-Weekly Program Lands Servicer in Hot Water
Advertisements for a bi-weekly payment program that didn't deliver as promised have resulted in regulatory orders and millions of dollars in penalties against a payment processor and the servicing subsidiary of Fidelity National Financial Inc.