PHH Mortgage and an affiliate have renewed a $450 million warehouse line with Wells Fargo Bank, N.A. for another year but reduced another facility it had with Barclays Bank PLC, according to a recent filing with the Securities and Exchange Commission.

Investors with nearly $1 trillion of holdings of non-agency mortgage-backed securities are concerned about the Obama administration’s latest loan modification proposal, according to Tom Deutsch, executive director of the American Securitization Forum.

Bexil American Mortgage has finally obtained its Ginnie Mae servicer approval and this week inked a deal to purchase a small nonbank lender whose identity it, so far, has not been revealed.

The Obama administration may want to think twice before moving ahead with reported plans to replace Edward DeMarco, the Federal Housing Finance Agency’s acting director, says a long time industry observer.

Outside the weather’s frightful – and inside the loan closings are piling up like snow drifts in Northern Minnesota.

The Obama administration is once again toying with the idea of using Fannie Mae and Freddie Mac to refinance underwater non-agency loans...

Residential servicers, in certain cases, will need to navigate substantial legal and regulatory crosscurrents when it comes to new and pending federal and state requirements, a representative for the nation’s largest loan processor told participants during a recent webinar sponsored by Inside Mortgage Finance.

Equity Loans LLC, Atlanta, a national direct lender, said it has received final approval to become a Fannie Mae seller/servicer.

Freddie Mac acquired $62.5 billion of mortgages from its seller/servicers in November, its best purchase month since June 2009, according to figures released by the secondary market giant.

The distressed property share of home sales has decreased in each of the seven months ending in November, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.