Fannie Lengthens Foreclosure Time Frames
The amount of time considered acceptable for the foreclosure process in a majority of states has been increased by the Federal National Mortgage Association.
MSRs on $2 Billion in Ginnie Loans Up for Sale
Bids are being accepted for mortgage servicing rights on a more than $2 billion portfolio of Ginnie Mae loans with a Golden State concentration.
Walter Consolidates Business Units
Walter Investment Management Corp. said that it has completed the consolidation of its loan origination and mortgage servicing businesses.
New Post-Crisis Low for Fannie Delinquency
Although new business slipped at the Federal National Mortgage Association, residential delinquency was better than its been at any time since the financial crisis.
Up Tick in CMBS Delinquency
The see-saw activity in delinquency on securitized commercial real estate loans continued this month, with the latest gyration being on the up cycle.
Nationstar Giving $30 Mil to Distressed Borrowers
Nationstar Mortgage is providing $30 million to borrowers on distressed home loans in an agreement tied to financing for a new $500 million basketball arena.
Walter Affiliate Acquires MSRs on $3 Bil in Loans
Mortgage servicing rights on more than $3 billion in government-sponsored enterprise loans have been acquired by an entity related to Walter Investment Management Corp.
Freddie Mac Delinquency Nears Post-Crisis Low
After ascending to the highest level in two years, secondary activity the Federal Home Loan Mortgage Corp. slipped. Delinquency, however, improved and now stands near its lowest level since the financial crisis erupted.
CMBS Lates Hold as Industrial, Office Loans Jump
Although the monthly rate of past-due payments held steady on securitized commercial real estate loans, the rate was up 10 basis points on industrial and office property loans.
Agency MSRs On the Block
Bids are being taken on a portfolio of mortgage servicing rights on government and conventional agency residential loans.