Finance

Job and income growth could pave the way for lenders to loosen guidelines late in the year. In the meantime, new regulations and repurchase risk are keeping the industry gun-shy.

Fannie Mae and Freddie Mac are not properly using a web portal developed to collect and screen appraisal information in order to minimize losses, according to an audit released Thursday.

Crossline Capital in Lake Forest, Calif., has completed its acquisition of Medallion Mortgage Co. in Agoura Hills for an undisclosed price.

Plucky mortgage bankers and brokers across the country are betting they can address the needs of the purchase market better than their cost-conscious competition.

There were nine Mortgage Industry Equity Composite members that closed lower on Wednesday and eight higher.

McGraw Hill Financial Inc.'s Standard & Poor's unit asked a judge to throw out California's claims the company violated false-advertising and business practices laws in rating mortgage-backed securities as the state seeks an award of at least $3 billion.

The largest auction of troubled assets in the commercial mortgage-backed securities market is showing the strength of investors' appetites for real estate as more distressed properties from the crash come up for sale.

The GSE’s first STACR transaction of 2014 seeks to offload the risk of a $31 billion mortgage pool with comparable credit scores but higher loan-to-value ratios than in recent securitizations.

American International Group and other objectors to Bank of America Corp.'s $8.5 billion settlement with mortgage-bond investors including BlackRock asked a judge to delay entry of a ruling approving the pact.

K-deals transfer a portion of the mortgages' risk away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds in transactions.

There were 11 of the 17 Mortgage Industry Equity Composite members which closed higher.

Refinances will make up just 38% of single-family originations this year—down from 60% in 2013 and 70% in 2012, according to Freddie Mac.

He also calls for a cut in fees for title policies, but no one can find where it is in the budget.

Freddie Mac’s regulator capped its multifamily production at $26 billion last year.

The sequestration and political wrangling last year meant fewer direct RHS mortgages last year, while the safety of the federal eagle on guaranteed loans appealed to lenders.

There are five Mortgage Industry Equity Composite members which closed 4% or more lower than they did on Jan. 31.

Donovan seeks $5 billion a year to preserve and increase the supply of rentals for extremely low-income families.

The price the bank had to pay related to Countrywide mortgage fraud claims escalated over time, exemplifying the government’s willingness to seek draconian penalties against banks it deems acted intentionally.

Litigants had dropped some objections over the last two years given housing-related improvements in private-label residential mortgage-backed securities performance, according to a Fitch report.

There's an elephant in the room amidst discussions on how to unwind Fannie Mae and Freddie Mac—the two government-sponsored enterprises are now making money hand over fist.