Is refi specialist CashCall still on the auction block? It’s hard to say since the company doesn’t return telephone calls about the matter.

Critics of program contend that the strings attached by Fannie Mae require too much oversight of REO investors, driving away potential top bidders.

Fannie Mae and Freddie Mac may take action to recover deficiencies from a defaulting mortgage borrower if permitted by federal or state law.

If the U.S. defaults on its debt payments, will mortgage rates go sky high? Meanwhile, will JPM rescure FHA?

Borrowers or loan officers misreporting income on loan applications at the height of the housing boom may have pushed up the default rate of high-income borrowers, according to a new Federal Reserve analysis of Home Mortgage Disclosure Data that was matched with non-HMDA credit data. Researchers Neil Bhutta and Glenn Canner of the Fed’s Division of Research and Statistics found that many borrowers classified as high-income may actually have had lower incomes than what they stated on applications, and ...

Wingspan Portfolio Advisors, a Dallas-based diversified mortgage services provider, has acquired two customer service operations from JPMorgan Chase to improve its delivery of outsourced mortgage services, including loan origination and specialty servicing. The company’s latest acquisition is a large-scale customer service site in Monroe, LA, which would enable Wingspan to respond to client needs faster and better, according to Steven Horne, Wingspan president and chief executive officer ...

Servicers largely approve of an accounting change for foreclosures proposed by the Financial Accounting Standards Board. However, industry participants differ on particular disclosures that would accompany the proposed change. In July, FASB proposed clarifying when a foreclosure occurs, for accounting purposes. The accounting board said reporting practices for troubled-debt restructurings and residential foreclosures are currently varied due to the lack of an accounting definition for ...

FHA admits it will need a bailout, well sort of.

If you're looking for another factor in the red hot MSR market, consider this: housing receivables keep shrinking.

It’s no secret that Nationstar has been an active bidder on MSRs the past two years, taking down some huge packages of product, including receivables from Bank of America.