Lending Off at Guaranteed as Servicing, Staffing Up
Among the first firms to report third-quarter mortgage originations was Guaranteed Rate Inc., and business was down. But servicing and staffing grew.
More Than $300 Mil in Distressed Freddie Loans Sold
The sale of more than $300 million in deeply delinquent Freddie Mac residential loans has been completed.
Performance Better on Banks' Home-Equity Products
The performance of home-equity installment loans and lines of credit that are owned by the nation's banks made a quarter-over-quarter and year-over-year improvement.
loanDepot Discloses Planned IPO
loanDepot Inc. has disclosed plans to make the leap from a privately owned business to a publicly traded organization.
MGIC's New Business Slows Again
For the second month in a row, new business was down at MGIC Guaranty Insurance Corp. The mortgage insurer, however, maintained its steady decline in delinquency.
MSRs on Small Fannie Mae Portfolio For Sale
Mortgage servicing rights on a small portfolio of loans backed by the Federal National Mortgage Association are being marketed for sale.
MSRs on $4 Billion Ginnie Portfolio Up for Bid
Buyers of mortgage servicing rights have an opportunity to make a bid for MSRs on more than $4 billion in Ginnie Mae loans.
HLSS Settles Charges of Material Misstatements
Home Loan Servicing Solutions Ltd. has settled allegations of mishandling the valuation and acquisition of mortgage servicing rights.
Delinquency Worsens on Bank-Serviced Mortgages
The rate of past-due payments on first-lien home loans that are serviced by the nation's banks took a turn for the worse on a quarter-over-quarter basis.
CMBS Delinquency Sinks, Industrial Rate Plunges
Late payments on securitized commercial real estate loans tumbled last month, and the rate on just industrial property loans saw a spectacular decline.