The Obama administration may want to think twice before moving ahead with reported plans to replace Edward DeMarco, the Federal Housing Finance Agency’s acting director, says a long time industry observer.

Outside the weather’s frightful – and inside the loan closings are piling up like snow drifts in Northern Minnesota.

The Obama administration is once again toying with the idea of using Fannie Mae and Freddie Mac to refinance underwater non-agency loans...

Residential servicers, in certain cases, will need to navigate substantial legal and regulatory crosscurrents when it comes to new and pending federal and state requirements, a representative for the nation’s largest loan processor told participants during a recent webinar sponsored by Inside Mortgage Finance.

Equity Loans LLC, Atlanta, a national direct lender, said it has received final approval to become a Fannie Mae seller/servicer.

Freddie Mac acquired $62.5 billion of mortgages from its seller/servicers in November, its best purchase month since June 2009, according to figures released by the secondary market giant.

The distressed property share of home sales has decreased in each of the seven months ending in November, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.

ES Appraisal Services, Jacksonville, FL, has closed its doors, the second national appraisal management company to have gone bust in the past year. It also uses the trade name eValuation Solutions LLC.

The Department of Housing and Urban Development late in the first quarter will auction off a package of up to 15,000 severely delinquent FHA-insured mortgages. A portion of the loans will be offered in Neighborhood Stabilization Outcome (NSO) pools in targeted areas.

Pacific Premier Bank, Costa Mesa, CA, is looking for a new warehouse lending executive to replace Bill Owen, who departed the company a few weeks ago.