News

January 24, 2013 05:06 PM
Florida officials tackle foreclosure crisis

It was deemed America's new foreclosure capital in 2012, with a 53% increase in filings last year, but Florida officials wanted a change. So they took...

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January 24, 2013 02:54 PM
Eminent domain shelved in San Bernardino

The proposal set up by San Bernardino County that would use eminent domain to seize mortgages to help reduce the area’s massive negative equity was declined by the Homeownership Protection Program Joint Powers Authority Thursday. 

However, the JPA voted unanimously to issue a Request...

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January 24, 2013 12:27 PM
Sixth Circuit deems foreclosure attorneys 'debt collectors'

Lawyers who regularly handle mortgage foreclosures in the Sixth Circuit are considered 'debt collectors' by the jurisdiction's top court, making them potentially liable under the Fair Debt Collection Practices Act, according to a new opinion from the U.S. Court of Appeals for the Sixth Circuit...

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January 24, 2013 12:42 PM
Nationstar brings servicer advance securitization to secondary market

North-Texas based servicing giant Nationstar Mortgage Holdings ($45.32 0.83%) priced a securitization from its special purpose vehicle...

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January 24, 2013 11:53 AM
Nationstar brings servicer advance securitization to secondary market

North-Texas based servicing giant Nationstar Mortgage Holdings ($45.32 0.83%) priced a securitization from its special purpose vehicle...

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January 24, 2013 11:05 AM
Fannie Mae: Housing will pave the way in ‘new normal’ economy

The beginnings of the housing rebound, along with the fiscal policy decisions established or currently in the process of being made, give a sense that the economy is beginning to transition back to normal.

However, there is uncertainty where this transition will lead and what type of...

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January 24, 2013 09:43 AM
Clayton Holdings launches product to probe MSR sales

Due diligence firm Clayton Holdings announced the launch of a new business segment to help clients assess risks associated with mortgage servicing transactions. The unit comes at a time when servicing shops and banks are frequently involved in the...

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January 24, 2013 08:30 AM
CoreLogic unveils nonagency RMBS surveillance service

CoreLogic ($27.65 0.39%) unveiled its latest service, CoreLogic Bond Tracker, to provide life-of-bond surveillance as well as aid...

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January 23, 2013 05:02 PM
Securitization market awaits QRM standards

With the Consumer Financial Protection Bureau's qualified mortgage rule now in place, the private label market awaits the release of the federal regulators' Qualified Mortgage...

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January 23, 2013 03:17 PM
Securitization market awaits QRM standards

With the Consumer Financial Protection Bureau's qualified mortgage rule now in place, the private label market awaits the release of the federal regulators' Qualified Mortgage...

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January 23, 2013 01:22 PM
Servicing, lending rules prompt hunt for compliance experts

The job market could become easy street for compliance experts with deep knowledge and experience in the financial services industry. 

Rob Chrisman, a mortgage industry writer, noted in a recent blog that the release of the...

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January 23, 2013 12:26 PM
Wealth effect creeps back into American households

The nascent housing recovery is beginning a shift from economic headwind to tailwind, creating the indirect effect of giving average American households hope to, once again, begin to retain a level of wealth.

Of course, being in America, the feeling of wealth is best described as a family...

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January 23, 2013 09:42 AM
Home prices maintain upward trajectory

Home prices in the U.S. rose 0.6% from October to November, according to the Federal Housing Finance Agency’s latest house price index. This compares to the index's 0.5% increase...

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January 23, 2013 09:19 AM
Mortgage delinquencies tick up in December

Mortgage delinquencies overall remain well below 2011 levels, but the U.S. loan delinquency rate still edged up 0.74% from November to December, Lender Processing Services said Wednesday.

The mortgage data and analytics firm released its LPS First Look Mortgage Report for...

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January 23, 2013 07:27 AM
Home purchases return to 2010 levels

The number of Americans filing home purchase and refinance applications grew for the week ending Jan. 18, pushing all mortgage application activity up 7% from the previous week.

The Mortgage Bankers Association noted its home purchase index grew 3% from the prior period,...

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