Amilda Dymi

The portfolio consists of securitized Fannie Mae loans, of which almost 95% are 30-year and 15-year fixed rate products.

Findings from the S&P Dow Jones Indices and Experian Consumer Credit Default Indices show mortgage default rates continue to decline at a very slow pace.

Kevin Cordell, U.S. Navy veteran turned investor/servicer, started the habit of assigning a single point of contact to every mortgage transaction regardless of risk years before it was required by law.

The new tool enables loan originators to not only ensure the loans comply with CFPB requirements before the loan application enters the system, but also offers a detailed compliance worksheet for loan officers.

The bureau will focus on combating complex financial crimes including mortgage, insurance, securities and investment fraud, money laundering, and tax crimes.

Centerline Capital Group named a new regional director for the Western region, who will primarily be responsible for originating Fannie Mae Small Loan transactions in California and Arizona.

Home value acceleration and residential real estate appreciation continued to steadily improve for the sixth consecutive quarter.

Some of the nation’s largest servicers have signed up with Hope LoanPort to facilitate the collection of pre-populated IRS 4506-T forms, which contain homeowner information crucial to a workout.

The grant will help rehabilitate or preserve more than 3,000 affordable housing units in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands.

Mortgage Fraud Examiners describes this program as a foreclosure rescue rip-off.

Many welcome additional lending as a sign of a recovering economy. But some of it is being done with looser underwriting.

The Independent Community Bankers of America is urging Congress to advance legislation to limit the adverse consequences of new Consumer Financial Protection Bureau mortgage rules.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

If current trends persist, the delinquency rate of securitized commercial mortgage loans could fall another two percentage points to below 4% by December 2014, according to Fitch Ratings.

The unit is being created to help servicers comply with the Consumer Financial Protection Bureau’s new mandates.

Back in the 1990s when Ed Fay graduated from business school, his goal was not to own a mortgage company, or to be the boss. Then the mortgage crisis started.

The Prestwick Mortgage Group offering of the servicing rights on mortgage loans with an unpaid principal balance of $187 million is getting closer to deadline.

The PGA Design Center in Palm Beach Gardens, Fla., which backs a securitized $30 million mortgage sold for only $5.6 million, according to local media reports.

In December inventory shortages continued to drive down home sales an additional 3.5% on a year-over-year basis, says the Seattle-based online broker.

New data indicate a lot of mortgage market share “could be slipping out of the fingers” of lenders who have been sluggish in digitizing their operations.