The CMC believes that servicers should not be required to verify flood insurance coverage on existing loans when the escrow option becomes effective.

A spokesman for Royce recently told IMFnews that the Congressman will look “to get something through the 114th Congress to put a stop to this…”

The high cost of servicing delinquent mortgages for Fannie Mae and Freddie Mac is one of the factors that prompt lenders to implement underwriting overlays, according to Laurie Goodman, director of the Urban Institute’s Housing Finance Policy Center. However, recent changes to the GSEs’ standards for servicing delinquent mortgages along with a potential adjustment to repurchase requirements are promising, she said. “In order to broaden access to credit, servicing issues ...

The Federal Housing Finance Agency is fighting state-level court actions that threaten the first-lien status of loans backed by Fannie Mae and Freddie Mac, including a recent ruling in Nevada granting a homeowners association priority in collecting unpaid HOA fees ahead of the mortgage lender in a foreclosure. The regulator has filed separate actions in federal court in Nevada seeking to overturn recent state court rulings allowing HOAs to jump to the front of the creditor list with ...

Of that amount, $9.9 trillion is mortgaged, according to Inside Mortgage Finance, which means consumers have untapped equity of $17.6 trillion.

The market heated up significantly in 2013 with $152.22 billion of Ginnie MSRs being transferred.

Barclays is acting as the administrative agent on the deal and will be the sole note holder.

The latest entry into the Ocwen legal sweepstakes is Lifshitz & Miller, Garden City, NY, whose specialties include class action lawsuits.

It’s anticipated that in the coming year nonbanks will continue to steal production market share away from depositories.

“We tend to look at most everything if it is mainly performing and is 2010 or later vintage agency product," said Pingora CEO Michael Lau.