The business of originating and servicing second liens continues to struggle with lenders cutting back on production and allowing their receivables to run off, according to new figures compiled by ASR sister publication National Mortgage News (NMN) and the Quarterly Data Report (QDR).
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CWCapital (CWC), Boston, on Thursday revealed that it has bought $2.6 billion of Fannie Mae multifamily servicing rights from Citigroup. No price was disclosed.
November 17 -
Residential delinquencies – excluding foreclosures – fell to 7.99% in the third quarter, the lowest reading since late 2008, when the nation's financial crisis was peaking, according to new figures released by the Mortgage Bankers Association (MBA).
November 17 -
Lender Processing Services (LPS) has responded to Nevada's attorney general filing charges against two LPS employees.
November 17 -
Standard & Poor’s Director Eric Gretch said the agency expected financial future flow transactions from new jurisdictions, although he did not offer an anticipated timeline in a video posted on S&P’s Web site.
November 17 -
The sale of Northern Rock to Virgin Money will not include the Granite RMBS that are tied to the bank's name, according to Royal Bank of Scotland (RBS) analysts.
November 17
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Mortgage rates were little changed in the week ending Nov. 17, according to Freddie Mac's weekly primary Mortgage Market Survey.
November 17 -
Freddie Mac is planning a securitization this month of reinstated loans that have been current for at least 12 consecutive months.
November 17 -
In the first criminal case involving robo-signing of mortgage documents, Nevada's attorney filed charges Wednesday against two people accused of filing tens of thousands of false documents.
November 17 -
The top executives at Fannie Mae and Freddie Mac traveled to Capitol Hill on Wednesday to defend the payment of millions of dollars in deferred salary and bonuses to senior leadership at their firms.
November 16 -
The Federal Home Loan Bank of Chicago is expanding its Mortgage Partnership Finance (MPF) product line for Fannie Mae-eligible loans by offering a 'servicing released' option for the first time.
November 16 -
CoreLogic launched a new set of services designed specifically to address the anticipated increase in refinance activity expected from revisions to the Home Affordable Refinance Program (HARP).
November 16 -
Yesterday's Fannie Mae and Freddie Mac released further guidelines for the Home Affordable Refinace Program (HARP).
November 16