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The refinancing boom is stressing lender capacity, according to a Federal Reserve governor, and it provides a partial explanation for the low level of purchase-mortgage originations.
May 10
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Mortgage Bankers Association president and CEO David Stevens is pressing hard for the agencies risk-sharing initiative to be done soon and on the front end.
May 10
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A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud.
May 9 -
Market data including findings from various mortgage delinquency reports are simultaneously pointing to a housing market recovery and emanating uncertainty.
May 9 -
Mary Armstrong pled guilty to all five counts of an indictment charging her with wire fraud, money laundering and conspiracy.
May 9
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Deutsche Bank AG sued Mexican real estate developer Urbi Desarrollos Urbanos SAB in New York for $61.1 million for defaulting on loans.
May 9 -
The Consumer Financial Protection Bureau needs to make the qualified mortgage rule more accommodating when it comes to rural banks and balloon mortgages.
May 9 -
Timothy Shannahan became the fourth person to admit conspiring with Kathryn Sylvester, the former CEO of Sylvester Financial Inc., to commit mortgage fraud.
May 9 -
Mortgage Grapevine poster UpstateMortgageGuy is asking how can someone close loans for professionals like doctors and teachers who are not getting paid during the summer.
May 9
