TRID is a real obstacle to mortgage process

Fed adopts new rule limiting 'too big to fail' bailouts

New emergency lending policy targets 'broad-based' issues, not specific firms

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Items Tagged with 'mortgage servicing'


Mortgage Partnership Finance, Ginnie Mae announce expanded loan program

Group of Federal Home Loan Banks now offer servicing-released mortgage sales
Together with Ginnie Mae, the Mortgage Partnership Finance Program, a group of Federal Home Loan Banks formed to sell fixed-rate mortgage loans into the secondary market, announced an expanded loan offering that will allow the program’s participants to execute a servicing-released mortgage sale to Ginnie Mae.
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Executive Conversation: Patrick Nackley on the perils of hazard claims

Superior Home Services manages the opportunity in HUD default properties
As servicers try to comply with HUD mandates, they can get backlogged and end up filing hazard claims on every damaged property just to be safe. While that’s understandable, it means they have to be careful about how the claim funds are managed after settlement. HUD routinely demands claim settlement funds be used to get the damaged property into pre-loss condition. So a short-term solution to one issue can invite additional obligations for the servicer.
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Black Knight’s latest innovation: LoanSphere supports entire loan lifecycle

New platform manages loan from origination to servicing and beyond
Black Knight Financial Services introduced a new integrated technology and data platform designed to support the entire lifecycle of a loan. The new platform, which is called LoanSphere, brings together technology, data and analytics that support the mortgage and home equity loan lifecycle.
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Bank repossessions up 66% in third quarter from 3Q14

Foreclosure starts down 14% to 10-year low
There was a total of 327,258 properties with foreclosure filings in the third quarter of 2015, down 5% from the previous quarter but up 3% from the third quarter of 2014. According to RealtyTrac, the rise from a year ago is the result of two starkly different trends taking place.
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Federal judge tosses class action suit against Butler & Hosch

Rules that suit’s linchpin doesn’t apply to individual employees
A federal judge in Florida dismissed the class action accusing law firm Butler & Hosch PA and its founder, Robert Hosch, of violating federal law by failing to give proper notice to employees before enacting layoffs. It's not the only lawsuit, but it's one of the biggest ones with the most damning allegations so far.
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$4 billion Ginnie Mae bulk MSR portfolio available for sale

Features 97% 30-year fixed rate loans, average 22 months seasoning
Buyers looking to score some Ginnie Mae servicing are in luck. Interactive Mortgage Advisors announced the sale of a $4 billion Ginnie Mae bulk portfolio of residential mortgage servicing rights. And according to Thomas Piercy, managing member of Interactive Mortgage Advisors, the portfolio is “most likely the best Ginnie Mae deal offered this year.”
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$301 million Fannie Mae bulk servicing portfolio hits market

Mostly Midwest portfolio is 100% current
Buyers looking to get their hands on some Fannie Mae servicing now have that opportunity. Interactive Mortgage Advisors announced that it is acting as the exclusive broker for a $301 million Fannie Mae bulk residential mortgage servicing rights offering.
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