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The time to close residential mortgage loans continues to drop, falling an average of two days in March from the previous month, Ellie Mae reported.
April 20 -
Two St. Louis-area investors have been indicted on charges they defrauded the failed Excel Bank on real estate loans.
April 20 -
Ellie Mae has launched the latest version of its mortgage management software, featuring updates on trade management reporting and Freddie Mac and Fannie Mae integrations.
April 18 -
Stonegate Mortgage Corp. in Indianapolis has promoted James Smith, its president and chief operating officer, to be its permanent CEO.
April 18 -
Purchase mortgage activity, which normally picks up in March and April, is getting an extra boost from an improving economy, the Mortgage Bankers Association reported.
April 14 -
The number of new foreclosure filings in the first quarter stood at their lowest level in more than nine years, RealtyTrac reported.
April 14 -
Fannie Mae is selling four large pools of nonperforming loans which have a total balance of $1.5 billion.
April 12 -
The number of seriously delinquent mortgages reached its lowest level in over eight years, helped by new job creation and higher wages, CoreLogic reported.
April 12 -
Commercial and multifamily originators closed $504 billion in loans last year, according to the Mortgage Bankers Association.
April 8 -
The co-owner of a mortgage company responsible for a large-scale fraud scheme was sentenced to 21 months in prison in a Newark, N.J., federal court.
April 7