The fast growing nonbank servicer/lender also disclosed a preliminary fourth quarter profit in the range of $101 million to $106 million, a 50 percent jump from the prior period.

The settlement covers damages suffered by Fannie Mae from misrepresentations Lehman was alleged to have made regarding the quality of non-agency product it sold to the GSE.

Through the first nine months of 2013, commercial banks sold $1.077 trillion of home mortgages, according to call-report data compiled by Inside Mortgage Trends.

Despite AEI’s findings, delinquencies on GSE loans continue to fall. In December, for example, Freddie’s single-family delinquency rate totaled 2.39 percent compared to 3.25 percent a year earlier.

The cost of mortgage compliance was a topic making the rounds at the recent ABS Vegas show in Nevada. Attendees, of course, wanted to know who might pay for all the new added costs.

If Flagstar changes hands, what might become of its loan broker business, the second largest in the nation?

Meanwhile, MountainView Servicing Group is also in the market with a new MSR offering: $224 million of receivables backed by Fannie Mae and Freddie Mac product.

In fact, 10 of the 17 banks tracked by Inside Mortgage Trends posted increased mortgage-banking income during the final three months of 2013, and all of them reported a positive showing.

By December, FHA financing was used by first-time homebuyers in 39.6 percent of home purchases, based on the three-month moving average.

Understanding best practices is useful for commercial mortgage servicers and other industry participants in fulfilling business responsibilities. However, understanding how best practices develop – and can be improved – is not only valuable but also serves the whole industry, according to a new report from Standard & Poor’s. There are many examples of best practices that could further improve performance and revise market expectations – for example, the investor reporting package, loan modification ...