Apr 9, 2013 3:07PM

Five Servicers Attain Four STAR Level in Fannie Mae Program

Fannie Mae's Servicer Total Achievement and Rewards Program (STAR) hit a new milestone in 2012. For the first time since the award was initiated in 2010, servicers have achieved four STAR designations . Five servicers reached that level in the most recent assessments. Fannie Mae created STAR to measure servicer performance across key operational and performance areas. Servicers are divided into three peer groups based on the number of Fannie Mae loans they service and are measured relative to their...

Apr 9, 2013 2:26PM

Foreclosure Settlement Payments Range from $300 up to $125,000

Homeowner beneficiaries of the recent settlement agreement made by the Comptroller of the Currency (OCC) and the Federal Reserve Board with 13 mortgage servicers can expect to begin receiving payments next week . The agreement that ended the independent foreclosure reviews mandated earlier by the Fed and OCC call for a total of $3.5 billion in cash payments to 4.2 million borrowers whose homes were in any stage of foreclosure in 2009 or 2010 and serviced by one of the 13 banks or their subsidiaries...

Micro News

1:26 PM:

3yr Auction Misdirection. Stocks/Risk Hurting Bond Markets

11:37 AM:

Starting to Look Like Yesterday. So... Time For Weakness?

10:12 AM:

ECON: Wholesale Sales Increase, Inventories Fall Most in 1.5 yrs

9:20 AM:

MBS, Treasuries Back To Green After Opening Slightly Weaker

3:31 PM:

Widespread Negative Reprices As MBS Approach Friday AM Levels

1:56 PM:

Stocks and Yields Higher, MBS Lower, More Reprice Risk

1:01 PM:

Negative Reprice Risk Makes Debut As Liquidity Takes Toll

9:51 AM:

Curbing asset purchases could reduce risks: Fed's Pianalto

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Today's Comments

Bryan/Mortgage Finance Group, Inc.

"I wonder how they treat consumer complaints about the CFPB, specifically how they have a director who has not obtained Senate approval as required? I'm..."

Frank Ceizyk

"Information and delivery of info has been outstanding. Saw some chat about CPFB interviewing employees about knowledgebase--I wonder when MND will become..."

David Z.

"Rob, great article. But I was really hoping you would close the loop with answers to the question you pose in the 3rd paragraph regarding cutoff dates..."

Today's Q&A

" Do Servicing companies handle private held mortgages?"

" how dos a contract work between a buyer and seller"

"Do is good to refinance with the MIP increase?"