After much speculation, Fannie Mae announced on Wednesday its first ever auction of nonperforming loans to qualified bidders. It includes a pool of approximately 3,200 loans totaling $786 million in unpaid principal balance.

The latest National Mortgage Settlement data from the Office of Mortgage Settlement Oversight shows that at least 314,485 borrowers received some form of relief from Ocwen and SunTrust combined through the fourth quarter of 2014.

The Irvine-based Citadel continues to ramp up its staff and hopes to hire another 15 to 20 workers by the end of June.

Once again, consumer criticisms about residential mortgages led the decline in both timeframes.

The replenishment rate is calculated by dividing servicing outstanding by annual production volume.

The disclosure is buried in the details of Freddie’s recent 10-Q filing with Securities and Exchange Commission.

According to the FHLB-NY, a limited number of investors – and members – have been approved for the pilot.

The decline in the use of principal reduction mods is concentrated on bank portfolio loans as opposed to mortgages in non-agency MBS.

Six firms issued jumbo MBS in 1Q 2015, down from eight participants the previous quarter.

Moreover, it is unclear how much enforcement power Edward Golding can wield.