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If a loan defaults, FHA covers virtually 100 percent of loss, while MI covers first losses down to a stated coverage percentage. FHA’s policy may provide less incentive to ensure that loans are underwritten and serviced in a sensible and sustainable way, while MI’s policy may create a stronger incentive to better underwriting and good servicing, according to Gupta.

While Fannie Mae's February 2015 Economic Outlook released on Thursday predicted a boost for housing this year based on strong economic growth, consumers may not be quite convinced, based on two consumer sentiment indices released this week.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Andrew Herman, Counsel for Washington, D.C.-based Miller & Chevalier.

Ginnie Mae has launched a scorecard-based risk management tool that will allow Issuers to gauge their operational and default performance against both their peers and Ginnie Mae's program standards, according to an announcement from Ginnie Mae.

Collaborative product engineering leader Indecomm Global Services has been selected for the Top 100 Global Outsourcing list for 2015, according to an announcement from Indecomm.

Thirty-year mortgage industry veteran Jeff Tennyson has joined Clayton Holdings LLC as chief operating officer. Tennyson will be in charge of all of Clayton’s business holdings in the United States, including Transaction Management, Consulting, Surveillance, Commercial Due Diligence, and Green River Capital.

Ocwen Financial Corp., the nation's largest non-bank, non-government mortgage servicer, is losing the mortgage servicing rights in two bond deals, according to media reports on Thursday.

Economic growth is expected to climb to 2.9 percent this year, up from 2.4 percent in 2014, according to Fannie Mae's February 2015 Monthly Economic Outlook released on Thursday. Fannie Mae predicts this economic growth will boost the sluggish housing market into recovery.

Freddie Mac's total mortgage portfolio contracted to start 2015 after ending 2014 with hits highest annualized growth rate for a single month in five years while the serious delinquency rate for the Enterprise's loans fell to a six-year low, according to the Freddie Mac's January 2015 Monthly Volume Summary released Thursday.

MetLife Home Loans, a mortgage finance company headquartered in Irving, Texas, has agreed to pay $123.5 million to settle claims of lending violations on government-backed mortgage loans committed by one of its subsidiaries under the False Claims Act, according to an announcement from the U.S. Department of Justice.