Servicing

Flagstar Bank ended the first quarter with $2.15 billion of warehouse lending commitments on its books, a healthy 31% increase from the year ago period.

By now, thousands of readers have viewed our coverage (both in print and online) of eWarehouseOne, the mysterious warehouse lender that appears to have collected at least $250,000 in application and good faith checks, and doesn’t have a whole lot of lines of credit to show for it. After two months of investigating the company and talking to roughly 20 sources, we’ve come to the conclusion that the man running the show is Tom Reynolds, once listed as EVP in charge of warehouse lending. The problem is this: none of the account executives hired by the company (some of whom have left) have ever met Reynolds, though they’ve spoken to him on the phone.

The Federal Housing Finance Agency has indefinitely delayed its timeline for a highly anticipated decision on whether to allow principal reductions on loans owned by Fannie Mae and Freddie Mac.

Multifamily prices are getting closer to their pre-recession peak, but limited supply and favorable demographics could mean they keep climbing for some time.

HARP 2.0 refinancings are red hot in both Florida and Nevada, according to testimony by HUD secretary Shaun Donovan.

It appears the residential finance sector is about to gain another new mortgage insurance company.

It’s no secret that the mortgage industry – after hearing from its customers – is clamoring for a HARP 3.0 refi solution for underwater loans that are not guaranteed by Fannie Mae and Freddie Mac. But how do we get there?

A representative for eWarehouseOne is trying to place roughly $70 million of applications with at least two other banks.

The Obama administration, which has proposed levying a tax on the largest banks as a way to pay for a broad mortgage refinancing plan, is now in talks with members of Congress about finding an alternative source of funding.

Out of 212 markets tracked by RealtyTrac’s metropolitan foreclosure market report, 114 had more foreclosures take place for the first three months of 2012 than the final quarter of last year.