A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.

If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.

Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.

Investors have stepped up to the plate, buying new large bulk MSRs put out for auction by Interactive Mortgage Advisors.

Although 2013 will turn out to be a decent year in terms of residential production, next year could be quite ugly.

Investment funds are continuing to salivate over mortgage servicing rights.

As default rates on vintage non-agency MBS have improved, performance and investor proceeds this year will largely be based on servicers’ actions, according to Standard & Poor’s. Loss mitigation, work-out timelines and other servicer behaviors are of particular concern for investors. S&P said its outlook for performance of vintage non-agency MBS is stable. Feedback from servicers indicates that the number of new loan modifications on mortgages in non-agency MBS this year will be near levels seen last year and well below activity in 2010. Instead of quantity, S&P said, servicers have focused on quality. “It appears...

Although it's unlikely that Fannie Mae and Freddie Mac will engage in principal reductions anytime soon, a new report from CBO says it could do some good.

Will investors in GSE stock sue the federal government for "sweeping" earnings out of Fannie Mae and Freddie Mac? Meanwhile, PennyMac worries about its "Countrywide" problem.

The overall picture for mortgage delinquency and foreclosure activity generally is continuing to improve, despite some bumps in the road in a number of states. The mortgage delinquency rate increased to a seasonally adjusted rate of 7.25 percent at the end of the first quarter of 2013 – up 16 basis points from the fourth quarter of 2013, but down 15 basis points from one year ago, according to the Mortgage Bankers Association’s latest National Delinquency Survey, released late this week ...