Origination

True to his efforts to bring the culprits to pay for perpetuated damages New York Attorney General Eric Schneiderman is awarding mortgage settlement money from the top banks to blighted communities.

Lester Soto admitted to carrying out two related mortgage fraud conspiracies that resulted in losses of more than $30 million.

Increased regulatory requirements and growing reputational risks are leaving many large banks rethinking whether they want to continue to service mortgages.

The district bank seeks to give members better access to the secondary market.

An improved economy should help grow purchases in the coming year as overall loan volume drops.

Prices in 16 of the 20 cities tracked posted smaller monthly price gains in August.

Home price adjustments of recent months have not been significant enough to benefit all the homeowners who continue to be underwater.

Brixmor Property Group, the second largest retail real estate company owned by Blackstone Group, is set to raise as much as $905 million for underwriters when it goes public.

Mortgage brokers are concerned about their ability to continue rebating funds to the customer after the qualified mortgage rule goes into effect.

Michigan’s new public, private civic partnership is implementing a revitalization philosophy likely to transform metro Detroit and some of the nation’s hard-hit areas with high inventories of abandoned homes.