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Rising interest rates had no effect on the delinquency rate spiking 9.9% from May to June.
August 5 -
Like large banks, community banks are facing a steep decline in mortgage income over the next few quarters as the refinancing boom that has largely driven profits in recent years finally comes to an end.
August 5 -
Wells Fargo Securities economists are optimistic that home sales will continue to increase during the second half of this year despite the 100 basis point hike in mortgage rates since May.
August 5 -
The desire to responsibly and successfully own a home is growing again within the hearts of families.
August 4 -
The hangover from real estate owned properties on bank balance sheets was expected to last quite a while.
August 2 -
A Texas bank, 11 state attorneys general and a libertarian group are planning to continue their legal fight to overturn several sections of the Dodd-Frank Act.
August 2 -
Beazer Homes USA on a continuing operations basis took a 22-cent basic earnings-per-share loss for the third quarter of fiscal year 2013 ending June 30.
August 2 -
The technology stock closed over 16% higher based on its 2Q13 results.
August 2 -
We're hearing there's a general expectation that purchase mortgage lending will pick up as refinancings continue to decline over the next four quarters.
August 2
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Allstates 2011 lawsuit against Goldman Sachs over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued.
August 2 -
Congress may be dysfunctional and highly partisan, but its members do have a soft touch when it comes to seniors and their access to reverse mortgages.
August 2 -
Calyx Software is coming out with a qualified mortgage findings report that will allow originators to thoroughly document compliance with the rule scheduled to go into affect in January.
August 2 -
James Cockinos was sentenced to one year in prison for his role in conspiring to commit bank fraud in order to secure a $1.48 million residential real estate loan.
August 2 -
One poster is looking for portfolio lenders who are willing to finance more than the four investment properties that is the Fannie Mae limit.
August 2 -
Under the Making Home Affordable programs there can be a benefit for both the homeowner and the industry that many may have overlooked.
August 2
Fay Servicing, LLC -
Moody's Investors Service has downgraded four tranches issued by Bravo Mortgage Asset Trust 2006-1.
August 2 -
Department of Housing and Urban Development officials want lenders to implement the changes by Oct. 1, the start of the federal governments fiscal year.
August 2 -
Sterne Agee stock analysts Friday lowered estimates for PHH Corp. after a Thursday afternoon sell-off in the stock.
August 2 -
Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.
August 2










