PowerLink Settlement, a service provider and appraisal management joint venture controlled by Fidelity National Financial and Homeward Residential, is shutting its doors.
Add this to the mortgage banker worry-list: the FHFA is once again toying with the idea of changing the minimum servicing fee on Fannie Mae and Freddie Mac loans.
Average loan-to-value ratios and debt-to-income ratios on loans securitized by Fannie Mae and Freddie Mac were slightly lower and credit scores edged slightly higher during the fourth quarter, according to a new Inside Mortgage Trends analysis. The average LTV ratio edged down from 78.53 percent in the third quarter to 77.54 percent in the final three months of 2012. The average DTI ratio declined slightly, from 31.92 percent to 31.88 percent, while the average ... [Includes one data chart]
Thanks, in part, to HARP loans private mortgage insurers in 2012 posted their best year since the financial market collapse back in 2008, according to new figures compiled by Inside Mortgage Finance.