Quote of the Week
"Too bad flood insurance does not pay off loans that are under water."John McDermott, Loan Closer columnist
Reprints
If you would like professionally prepared reprints of articles ... please contact Denise Petratos at 212-803-6557Today in Mortgages
-
South Florida Foreclosures Near $65 Billion
National Mortgage News | September 7
Borrowers have defaulted to the tune of nearly $65 billion in financing in the tri-county South Florida region since the real estate crash began in 2007, according to a new report from CondoVultures.com.
-
Investment Fund Buys FDIC NPLs
National Mortgage News | September 7
A unit of Mariner Holdings LLC, Leawood, Kan., has purchased part of a $760 million portfolio of property loans from the Federal Deposit Insurance Corp.
-
FHA Refi Program for Underwater Loans Unveiled
National Mortgage News | September 7
The Federal Housing Administration Tuesday morning officially launched a new refinancing program to aid underwater borrowers, allowing lenders to write a new government-backed mortgage where up to 10% of the original loan amount will be forgiven.
-
California the 'Golden State' for Home Lending During the Decade
National Mortgage News | September 7
Mortgage lenders originated $1.04 trillion of 'purchase money' loans in Southern California during the past decade, according to a new research report.
-
Residential Servicing Balances Continue to Fall
National Mortgage News | September 7
Mortgagors continued to pay down their residential loans in the second quarter, a trend that reduces their debt load but also spells potential trouble for mortgage banking firms that earn processing fees on such balances.
-
Roughly 55% of Bank Donations to go to GOP
National Mortgage News | September 7
Though Democrats scored a big political victory in passing regulatory reform, many are already paying for it as the financial services industry directs more of its contributions toward Republicans and moderates who tried to pare back the revamp.
-
REIT Says 4Q Jumbo MBS Will be $300MM in Size
National Mortgage News | September 3
Redwood Trust Inc., Mill Valley, Calif., says in its new quarterly review that it likely will come to market with a $300 million jumbo MBS sometime in the fourth quarter.
Editor's Choice
Hold Your Friends Close, Hold Your Borrowers Closer
National Mortgage News | September 7 | Free with Registration
Aggressive borrower outreach was on the minds of the participants in the editorial roundtable at the SourceMedia Best Practices in Loss Mitigation Conference in Dallas that I chaired.
Foreclosures Drive Small Decrease in Underwater Homes
Mortgage Servicing News | September 3 | Free with Registration
In math two negatives make for a positive, but in the mortgage marketplace when foreclosures drive a decrease in the number of properties with negative equity it is not a good sign.
MortgageStats
More News
- New Tool Speeds Up Delivery
- BLS: Mortgage Jobs Increased in July
- BB&T Says 50% of its Warehouse Commitments are Funded
- Warren for CFPB Chief Speculation Continues to Mount
- Recovery ‘from the Bottom Up’
- Title Premiums Declined in Second Quarter
- NAHB Still Fighting 'Required Use' Issue
- DocuLynx Acquires Special Divisions of Anacomp
- ACUMA Gearing Up for National Conference
- OCC: National Banks Tightened Residential Standards
- FHFA Sets New Affordable Housing Goals for GSEs
- Warehouse Lending Chief Out at Southwest Securities
- MBA: Commercial Delinquency Rates Mixed
Other Voices
-
Implementing Dodd-Frank to End Too Big To Fail
National Mortgage News | September 3
To fully end "too-big-to-fail" we need to make our financial system safer for failure. We cannot rely on the hope of perfect foresight—whether by regulators, or by managers of firms, private sector gatekeepers, or other market participants. Financial activity involves risk, and no one will be able to identify all risks or prevent all future crises.
Blog of the Week
-
Obama's Mortgage Gift to All Consumers
What We're Hearing | September 3
THE BIG PICTURE: In the eyes of most of the business community President Obama can do no right. At least that's the way I view it. Perhaps I should stop talking to mortgage professionals and watching CNBC. The new unemployment numbers came out Friday and depending on which spinmeister you speak to, it was better than expected or a disappointment.
- Fannie Holds Line on Servicer Delays of Foreclosures
- Rural Mortgages May Get a Boost
- Texas AG Charges Servicer With Violating Debt Collection Laws
- Obama's Mortgage Gift to All Consumers
- Mortgage Aid Coming from Obama?
- FHFA Sets New Affordable Housing Goals for GSEs
- Texas AG Charges Home Loan Servicer With Violating Debt Collection Laws
- MetLife Has Big Plans for Warehouse Unit
- Jon Kempner Come on Down!
- REO by Megabanks Offered to Non Profits First
- Fannie Holds Line on Servicer Delays of Foreclosures
- Reverse Mortgages....Change is Coming...Mindset Is Key
- Texas AG Charges Home Loan Servicer With Violating Debt Collection Laws
- First Michigan Builds Retail
- E-Docs Prove Key as Regulations Pile Up
- Underutilized Section 702 Short Sale Can Save Grace for All
- Rural Mortgages May Get a Boost
- Dollars and Sense: Deficiency in a Short Sale
- Consumers Get Tips On Fixing Their Score
- Foreclosures Drive Small Decrease in Underwater Homes
