A federal judge has revived a lawsuit that charges JPMorgan Chase with misrepresenting the quality of loans that backed securities sold to a Belgian bank.
While the Federal Reserve will not scale back or exit its bond purchase program, the Mortgage Industry Equity Composite saw just seven stocks close higher and 10 lower on Tuesday.
Both Freddie Mac and Fannie Mae are providing relief policies for borrowers who have been affected by the devastating tornado that struck Oklahoma and other nearby states.
Accurity Valuation has adopted new software that allows the company to organize and streamline the production and distribution of its appraisal reports.
The five banks that are part of the national mortgage settlement have now provided more than $50 billion in benefits to consumers.
Financial Funding, a New York-based commercial mortgage lender, has acquired Amerifunding, a New Jersey commercial lender.
With that status, the company can originate for sale to Freddie Mac (and retain the servicing rights on) mortgages securing independent living, assisted living, memory care and rental continuing care properties.
Cedonulli2 is a long-time Mortgage Grapevine gadfly who has done broker price opinions on troubled homes.
The consumer relief data sent to the mortgage settlement monitor show that within the first year since servicers signed the agreement they have distributed $50.63 billion in direct relief to customers.