Origination

When foreclosure and short sales are excluded from the CoreLogic home price index, it shows that values declined just 0.6% over the 12 months ending November 30.

Investors holding at least $800 million of secured bonds in Residential Capital Corp. have organized in the event the mortgage firm's parent company, Ally Financial, throws the company into bankruptcy.

New York Fed President William Dudley stressed the need to take forceful action to aid the real estate market, which has been a drag on the economy, but stopped short of offering a silver bullet solution, in a speech before the New Jersey Bankers Association Friday.

After months of waiting as their counterparts began examining banks, the Consumer Financial Protection Bureau's nonbank supervision team began the enormous task Thursday of overseeing the rest of the consumer financial sector.

Perfect Circle Credit Union in Richmond, Ind. is piloting a different method of disposing of the REO houses it obtains in foreclosure, by fixing them up, furnishing them and making them available in a rent-to-own sale.

There is great value in following up with borrowers and Realtors to find out how they felt about their experience with you and your company. Knowing what you have done right and getting the opportunity to fix what may have gone wrong is priceless.

Advocates for Consumer Affairs, a compliance and risk management firm that audits mortgage loans nationwide, said it plans to concentrate their efforts to make sure homeowners receive loans that are enforceable from financial institutions.

Many community banks are looking to residential mortgage lending as one of the ways to increase their profit margins in the era of Dodd-Frank, notes a compliance expert at a banking industry technology provider.

The battle over the Consumer Financial Protection Bureau is moving from Congress to the courts.

A condo apartment in the Blue Diamond development on Miami Beach sold for $2.248 million last year. And it was a short-sale!