Advanced Loan Modification News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Hundreds of billions of servicing are being bought & sold out there. With Freddie & Fannie servicing trading at 5:1 (mid 3’s for Ginnie servicing), given current rates versus where servicing portfolios are, servicers are tapping into this source of capital instead of letting it sit on their balance sheet. Think of it as a savings account for a lender that retains servicing: with revenues dipping, the cash from a servicing sale can come in handy. Meanwhile, lenders and loan originators are being asked, “Are you trying to win, or just trying not to lose?&#...

The Government National Mortgage Association, or Ginnie Mae, said late Friday that it has streamlined its documentation requirements for servicers participating in the Federal Housing Administration's Advanced Loan Modification (ALM) program.