Servicers have become more comfortable with disposing nonperforming loans through either asset or note sales.

Fannie is pressing its seller/servicers to repurchase $14.5 billion of bad mortgages but only a small portion of those buyback requests involve loans originated after 2008.

Under pressure from industry groups, federal banking regulators have extended the comment period on Basel III risk-based capital proposals by six weeks to Oct. 22.

Lenders will be required to determine whether the net value in changing an existing loan is more than the anticipated recovery from foreclosure.

A copy of the memo, written by MBA president David Stevens, says the rules “will likely be proposed with some comment period.”

CMBS data provider Trepp said that only 26.3% of the loans that reached their balloon date paid off in July.

Analysts said that the recent trends in the auto ABS sector represent a normalizing lending market after many years of disruption.

The Federal Housing Finance Agency on Wednesday slammed plans by some local governments to use eminent domain to refinance underwater mortgages.

The bank plans to complete its first Ginnie Mae HECM MBS deal next month.

Refinancing and purchasing activity were both lower in the week ending Aug. 3.

Fannie and Freddie refis with LTV ratios above 125% surged in June as lenders were able to securitize and sell these severely underwater loans for the first time.