Finance

UBS is set to argue that the U.S. Court of Appeals in Manhattan should overturn a lower-court ruling allowing the Federal Housing Finance Agency to pursue its lawsuit over losses on $6.4 billion in mortgage bonds.

Recriminations about what caused the greatest mortgage meltdown in U.S. history continue to play out in various ways.

The committee has yet to issue a formal agenda for the next Congress, but a spokesman said that oversight of the Dodd-Frank law and other issues like mortgage finance reform will probably top the agenda, much like last year.

At the end of September, Cole Taylor's servicing contracts totaled $6.23 billion, a stunning 815% increase from the same period a year ago.

Credit Suisse's misconduct and deceit was at least partially responsible for more than $11 billion in losses suffered by investors in its boom-era residential mortgage securitizations, New York's suit claims.

Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the Mortgage Bankers Association, as rates ticked upwards for the period.

Mark Maiocca looks to give borrowers the opportunity for financial growth whichhis family didn’t have when he was growing up.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Fannie is seeking to require banks and other mortgage servicers to replace existing force-placed policies on loans it guarantees with insurance provided by a consortium of carriers offering 30% to 40% discounts.

Martin Pfeiffenberger gives back to his industry and his community through his commitments.

Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

“We cannot continually buy more securities and create more bank reserves without jeopardizing our inflation goal,” said Federal Reserve Bank president Jeffrey Lacker.

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?

There is not a set time frame for the specified pool data to go live, but it has been approved and will be moving forward.

The American Bankers Association has lined up Stonegate Mortgage Corp. to serve as a secondary market investor for its mortgage cooperative, Community Bank Mortgage.

Recriminations about what caused the greatest mortgage meltdown in U.S. history continue to play out in various ways.

Interthinx has expanded its suite with a new MERS compliance audit service.

Almost $700 billion of mortgage servicing rights are in some stage of auction or sale.