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The National Credit Union Association said Monday that a federal credit union may set the maturity date for modified or refinanced mortgages beyond the regulatory 40-year maturity limit, as long as the terms of the original loan were no more than 40 years.
February 14 -
If a condo crashes in South Florida, does anyone hear it? Apparently not, because yet another tower is planned for the tri-county area.
February 14 -
How much does Bank of America loathe the mortgage business? Let us count the ways: it kills its wholesale and correspondent units, trims its warehouse group down to nothing, allows its departing high-performance loan officers to leave and then starts lopping off huge chunks of its servicing portfolio.
February 14
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If it weren't for a recent legal settlement with Bank of America, FHA's mortgage insurance fund would be in the red.
February 13 -
Caliber Funding LLC, Irving, Texas, Monday morning made it official: it has hired 300 "lending professionals" who were recently let go by MetLife Home Loans.
February 13 -
The Federal Housing Administration will "soon" increase its annual premium on jumbo mortgages by 25 basis points, according to government budget documents released Monday morning.
February 13 -
The Obama White House, in its new budget, predicts that the FHA Mutual Mortgage Insurance fund will return to health by 2015 -- but warns that the agency's book of business is vulnerable to what it calls "Black Swans."
February 13 -
FACTS - On Jan. 30, William Tro Goings of Sacramento, Calif., pleaded guilty in federal court to participating in a conspiracy to commit wire fraud for his role in a mortgage fraud scheme that defrauded a failed Sugar Creek, Mo. bank of more than $8.5 million.
February 13
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Despite a shadow inventory of 1.6 million seriously delinquent loans, and a huge inventory of foreclosures, nearly 50% of 900 housing markets tracked by CoreLogic registered price gains last year.
February 13 -
When it comes to mortgage problems, Bank of America and its largest rivals are hogging most of the headlines. But smaller banks are also struggling with high levels of delinquent loans that are holding back a housing recovery.
February 13
