Senate approves short sale tax break

Senate approves short sale tax break

Allows tax relief on 2014 short sales

Senate fails to pass Terrorism Risk Insurance Act

Housing groups "extremely disappointed" in "alarming failure"

Another regulator investigates Ocwen Financial

Ocwen’s terrible, horrible, no good, very bad year just got worse
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Items Tagged with 'mortgage servicing'

ARTICLES

Ocwen buying portfolio of delinquent Ginnie Mae mortgages

Treasury looking at impact of backdating letters allegation
Trey Garrison
If Ocwen is experiencing a tough time, they're not doing it lying down. The nonbank is moving now to purchase Ginnie Mae delinquencies even as the Treasury Department is reviewing the backdating letters scandal.
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RealtyTrac reports foreclosure activity fell 9% in November

Trouble ahead: Foreclosure starts increase for first time since mid-2012
Trey Garrison
The good news is foreclosure activity dropped in November. The bad news? Foreclosure starts are up for the first time in two-and-a-half years. Here's how it breaks out.
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$3.5 billion Freddie bulk mortgage servicing offering hits the market

Zero delinquencies with 16.5 months of seasoning
Brena Swanson

Finishing up the year, Interactive Mortgage Advisors’ latest bulk residential mortgage servicing rights offering features an extremely low interest rate and quality MSRs from an independent mortgage bank.


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The 12 hottest housing markets right now

And the biggest losers in the price growth race
Trey Garrison
RealtyTrac’s data for October breaks out the housing markets with the most price gains, the ones that are slowing, and what’s happening with short sales and foreclosures. Where does your market fit in, and what does it mean?
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Foreclosure timelines in California, Nevada stay lengthy

Moody’s: Gradual decline to start in early 2016
Trey Garrison
Foreclosure timelines for private-label residential mortgage-backed securities loans backed by properties in California and Nevada, two non-judicial foreclosure states, will remain lengthy over the next year until gradually starting to decline in early 2016.
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$1.2 billion Fannie, Freddie MSR portfolio available for sale

Seller hopes for sale by year-end
Ben Lane

“It’s a very desirable deal: you have size, a strong seller, and clean product,” said Robert Wellerstein, managing director at MountainView Servicing Group. “That’s what you should be looking for as a buyer.”


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MBA: Independent mortgage bankers most closely regulated of all

Don’t judge all by a few nonbanks having problems
Trey Garrison
A few high-profile nonbanks in the mortgage space have been making unfortunate headlines in the last couple of months, and some are worried that it may make borrowers gun shy about independent mortgage bankers and nonbank firms — but they shouldn't be.
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Mortgage insurance back in black in latest FHA actuarial report

Aggressive post-crisis policies improve MMI outlook
Trey Garrison
The Federal Housing Administration released Monday its actuarial report on the Mutual Mortgage Insurance Fund for single-family programs, and it shows the financial health of the regulating agency improved dramatically but that it still has a way to go with its finances.
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Mortgage delinquencies continue slide in 3Q

Delinquencies now at lowest since 2007
Trey Garrison
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.85% of all loans outstanding at the end of the third quarter of 2014.
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KBW upgrades Nationstar on second look at MSRs

Sterne Agee lowers FY2014 EPS estimate
Trey Garrison
Nationstar Mortgage Holdings is getting a little more love after its rough time last week following its announcement of declining revenue for the third quarter.
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