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The nation’s top ranked servicers completed 66,000 proprietary loan modifications in July, a 40% jump from June, according to a new report from the Hope Now alliance.

ResCap is seeking a nine-month extension of its exclusive right to file a reorganization plan that would settle legal claims related to Ally and MBS investors.

As commercial banks weigh the effects of Basel III on mortgage servicing rights and capital, nonbank residential servicers are posting the strongest growth rates in the industry.

Rates have dropped 11 basis points over the past two weeks and are within six basis points of July's record low 3.49%.

The Dusseldorf, Germany-based bank claims Citigroup and Goldman Sachs made "material misrepresentations" about the loans backing the securities

Increased adverse selection in pre-2005 RMBS mortgage pools has led to higher delinquencies for pre-2005 loans, according to a Fitch Ratings report.

The Aon Benfield report said that 2Q12 concluded the most active first half in five years.

Willis Lease Finance Corporation said in a Sept. 6 press release, that it is planning a $390 million securitization of commercial jet engine leases.

In its Request for Comment, Standard & Poor's projected that the changes will impact roughly 25% of outstanding U.S. and Canadian CMBS ratings, but the final version only affects 10%.

A downpayment requirement in the ‘Qualified Residential Mortgage’ rule will create a barrier to homeownership for low- and moderate-income families, six consumer groups said.