Mortgages

U.S. Supreme Court justices signaled they may divide over the ability of cities to use the Fair Housing Act to sue banks for discriminatory lending practices that contribute to urban blight.

Towd Point Master Funding, an affiliate of Cerberus Capital Management, was the winning bidder for two pools of reperforming mortgages with a balance of $789.2 million auctioned by Fannie Mae.

The number of seriously delinquent mortgages declined 24.8% in September from one year prior, as the number of loans more than 90 days late is at its lowest since August 2007, according to CoreLogic.

Lenders have the most consumer-facing role in the mortgage industry. By adopting three cultural adjustments, they can introduce more diversity into the workforce and create sustainable businesses and stronger communities.

The California Department of Business Oversight imposed a fine on the Texas lender for violating restrictions on per-diem interest.

Trends in commercial real estate lending, which has reached record levels at U.S. banks, are unsustainable, Fitch Ratings warned.

The Justice Department has widened its investigation of Fulton Financial’s mortgage lending practices to include four new units.

San Francisco has completed the transfer of ownership of its public housing sites from the San Francisco Housing Authority to community-based affordable housing teams, part of a long-term bond-financed initiative begun in 2013.

Credit Suisse is marketing $767 million of bonds backed by 53 mortgage that are secured in turn by 199 commercial properties.

Home purchase sentiment fell for the third straight month in October, reflecting the uncertainty consumers face, according to Fannie Mae.

A post-crisis spike in foreclosures, the Deepwater Horizon oil spill and recent flooding in Louisiana all shaped the terms and timing of a bank deal struck in Florida.

After nearly eight years of record-low mortgage rates and booming refinance volume, many signs indicate the run is winding down. Here's a look at 10 steps lenders should take now to stay profitable when rates rise and purchase loans drive the market.

The California Housing Finance Agency has expanded a down payment assistance program for public school employees.

Since the government-sponsored enterprises began experimenting with both frontend and backend deals in which part of the credit risk is shared with third parties, investors have been watching carefully.

Hiring by independent mortgage firms accelerated in September after a slowdown in the prior month.

The Mortgage Bankers Association's Opens Doors Foundation has raised more than $59,000 as a charity partner of the New York City Marathon.

Essent Group reported higher net income on a 25% year-over-year increase in insurance-in-force, while Genworth Financial posted a larger net loss from a year ago as its life insurance division took a hit.

Mortgage industry hiring and new job appointments for the week ending Nov. 4.

American International Group has been increasing lending for apartments as the company seeks to counter low yields on publicly traded bonds and volatility from hedge fund holdings.

Fannie Mae's new representation and warranty relief offers lenders a long-awaited incentive to use its automated loan validation technology. But is it enough for lenders to make the necessary technology updates and process changes to implement the tools?