The New York legislature approved a bill late last week that will require servicers handling loans in the state to maintain vacant properties in certain circumstances. The requirements were strongly opposed by the Mortgage Bankers Association. In general, the new law requires servicers of residential mortgages in New York to complete an exterior inspection of properties within 90 days of a borrower’s delinquency to determine the occupancy status of the property. The law also requires ongoing inspections of properties related to severely delinquent mortgages every 25 to 35 days. If the servicer has a reasonable basis to believe that a property is vacant and abandoned, the servicer is...

MI firms are seeing an improvement in their stock prices of late...

FHFA examiners suggest that eventually Fannie and Freddie could have a negative net worth position once the capital buffer falls to zero…

Fifth Third Bank ranked second in repurchases in the call-report data with $93.9 million…

FHFA officials said they favor transactions that are repeatable and scalable.

In the end, the court blamed NAMC, the firm buying the mortgages from GFS on a correspondent basis…

Exclusive data compiled by Inside Mortgage Finance show the FHA’s share of the primary MI market was 39.9 percent in the first quarter of 2016, compared to 33.5 percent in the first quarter of last year.

Actual repurchases or replacements were substantially below the $541.8 million in buyback requests that were withdrawn by the GSEs during the first quarter…

The Congressman noted that outside of a study done in 2011, the administration has had little engagement with Congress on a path toward ending the conservatorships, which are almost eight years old...

The mortgages currently are being subserviced by a firm described as “DMI.”