http://www.nationalmortgagenews.com/feeds/MSN.xml Daily headlines from Mortgage Servicing News en Copyright 2010, SourceMedia, Inc. and Mortgage Servicing News. All rights reserved. Mon, 8 Feb 2010 18:32:03 EST andras.malatinszky@sourcemedia.com http://www.mortgageservicingnews.com/images/msn.gif http://www.mortgageservicingnews.com/ 375 78 http://www.mortgageservicingnews.com/plus/ A Chicago entrepreneur is suing the Federal Deposit Insurance Corp. to win back capital he invested in a bank in the months before it failed. 2010-02-05 12:00:09 http://www.mortgageservicingnews.com/plus/ The Federal Trade Commission is proposing a ban on companies charging consumers upfront fees for loan modification services. 2010-02-05 12:00:08 http://www.mortgageservicingnews.com/plus/ GMAC Inc.'s chief executive Michael Carpenter sought to reassure investors — as his predecessor Alvaro de Molina did before him — that the bleeding at its Residential Capital LLC unit has stopped. 2010-02-05 12:00:07 http://www.mortgageservicingnews.com/plus/ Bank of America Home Loans, Calabasas, has named an origination executive, Matt Vernon, to lead its effort in residential short sales and REO dispositions. 2010-02-05 12:00:06 http://www.mortgageservicingnews.com/plus/ A wave of GSE buyouts of delinquent loans widely expected to affect higher-coupon agency mortgage-backed securities this year failed to materialize in 2010's first month of prepayment data, according to Wall Street research reports. 2010-02-05 12:00:05 http://www.mortgageservicingnews.com/plus/ An unidentified hedge fund has agreed to buy a $400 million portfolio of nonperforming residential loans from Citigroup, according to vulture fund investors that play in that market. 2010-02-05 12:00:04 http://www.mortgageservicingnews.com/plus/ The Federal Reserve is prepared to act as a backstop for the mortgage market after it officially ends its MBS purchase program on March 31, according to New York Fed Bank President William Dudley. 2010-02-05 12:00:02 http://www.mortgageservicingnews.com/plus/ The Federal Housing Administration had $32.6 billion in liquid assets on hand at Dec. 31 — a slight increase from three months earlier — to cover potential losses on its $700 billion-plus book of business, according to new figures provided by the agency. 2010-02-05 12:00:01 http://www.mortgageservicingnews.com/plus/ The number of foreclosures on the market in the Las Vegas area fell in January for the eighth consecutive month, according to the latest figures from local RE/MAX broker Rob Jenson. 2010-02-04 12:00:07 http://www.mortgageservicingnews.com/plus/ More than 7.2 million mortgage loans are now behind on payments and one million properties are now in real estate-owned status, according to the January 2010 Mortgage Monitor report from Lender Processing Services in Jacksonville, Fla. 2010-02-04 12:00:01