| Jun 8, 2012 9:22AM Unfortunately for borrowers, and rate sheet pricing, the Fed voted "full speed ahead" for Basel III . "Mortgage servicing rights (MSR), for instance, are used far more by U.S. lenders than by their international competitors. Banks get paid fees for servicing a home loan, which means collecting payments and managing foreclosures, and because they can be sold in markets, their value has been allowed to count toward capital requirements. The Basel agreement limited to 10 percent how much MSR's could... Jun 8, 2012 3:33PM The Federal Housing Finance Agency (FHA) is expected to announce before the close of business today a new bulk sale program to liquidate some of the reported 700,000 delinquent loans they insure . According to The Wall Street Journal , the agency may be planning on selling as many as 5,000 distressed loans each quarter over an unspecified period of time. Bulk sales were used on a large scale by the Resolution Trust Corporation and the Federal Deposit Insurance Corporation during the savings and loan...
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