RMBS

With the rising foreclosure numbers being a major issue in the market right now, Paladin Strategic Partners is responding to the problem by providing socially responsible solutions.

Moody’s Investors Service has separately placed some servicer ratings of Wells Fargo Bank and IndyMac Mortgage Servicers on review for possible downgrade, citing actions related to foreclosure affidavits.

While loan servicers get much of the blame for improperly following foreclosure procedures, some others are pointing to another culprit: the patchwork of state standards.

Amherst Holdings is planning a new distressed mortgage asset management group, according to a Reuters report.

With more borrowers filing legal challenges to foreclosure, many mortgage lenders have turned their back on using Merscorp, which operates an electronic loan registry, to bring foreclosure actions.

Consumers have stopped using their homes as personal piggy banks with cash-out refinancings falling to their lowest level ever in the third quarter, according to figures compiled by Freddie Mac.

Fixed mortgages inched higher in the week ending Oct. 28, according to Freddie Mac's weekly survey.

Cole Real Estate Investments hired David Collins as vice president in the asset management group. Marc Nemer, Cole president. announced the hiring.

The current — and somewhat robust — refinancing boom has to end sometime, and already mortgage bankers are asking the obvious: If home purchases don’t pick up, then what?

Home Affordable Modification Program (HAMP) compliance agents are targeting the 10 largest servicers to see if they exhausted all loss mitigation options before proceeding with foreclosure sales, according to a Treasury Department official.