Origination

The Homes.com Rebound Report for May finds there are now 19 markets defined as “fully recovered” compared with 14 in April.

The reverse mortgage industry is going to be watching the Senate next week to see if it can pass a bill that will give FHA more flexibility to fix its troubled Home Equity Conversion Mortgage program.

Wells Fargo has pledged $4.8 million for eligible borrowers who will purchase a home during one of the August homebuyer events scheduled in California’s Inland Empire.

There has never been a time in recent memory that the mortgage business has been crippled by excessive regulation, but that could change.

Norcom Mortgage is launching a mini-correspondent channel this month.

Michigan Legal Services and five African-American homeowners in Detroit claimed to be victims of Morgan Stanley’s practice of purchasing and financing predatory mortgages, which were later bundled into mortgage-backed securities.

For investors who have thrown big wads of cash toward the “safety” of long-term bonds, the end of low interest rates will not be a welcome one.

This action by the CFPB will likely spur additional complaints by other regulators and borrowers against other companies.

Since the Castle & Cooke case was just filed the outcome remains to be seen.

Popular culture is always a hot topic on the Mortgage Grapevine.