Mortgages

Data breaches have become scarily commonplace. But even small financial institutions can take action to thwart hackers and minimize losses.

Commerce Union Bancshares in Brentwood, Tenn., plans to close mortgage offices in Ohio, Illinois and Kentucky and to transfer the employees to Bridgeview Bank Group in Bridgeview, Ill.

Hint: businesses should be focused on data strategy and security, from the individual up to the enterprise level.

PHH Corp. said its loan closing dollar volume will decrease this year, after Bank of America's Merrill Lynch announced plans to withdraw business from the firm.

An Altisource Residential Corp. affiliate is taking management's side in the real estate investment trust’s fight with activist investors.

Congress should consider giving direct authority over nonbank mortgage servicers to the Federal Housing Finance Agency, according to a report released Monday by the Government Accountability Office. The report said there should be "parity" among financial regulators in the oversight of regulated entities and third parties they do business with.

New lender disclosure requirements aren't just disrupting the market for private-label mortgage bonds; they could also impact the market for bonds that transfer credit risk of mortgages insured by Fannie Mae and Freddie Mac to the private sector.

The U.S. Court of Appeals for the D.C. Circuit will hear oral arguments Tuesday about the Consumer Financial Protection Bureau's structure, in a case that has national implications. Even though a ruling isn't expected until the end of the year, legal experts say there are four major legal issues involved.

Commercial and multifamily originators closed $504 billion in loans last year, according to the Mortgage Bankers Association.

Learn how the some of the industry's most successful loan originators get it done with these tricks of the trade from the 2016 Top Producers rankings' top 20 loan officers of the Midwest.

Fannie Mae and Freddie Mac's experiments with selling credit risk to investors are a critical element of new plan to merge the two entities and move them out of conservatorship, but what form so-called credit risk transfers take could make a big difference.

Mortgage professional hiring and new job appointments for the week ending April 8.

Eight years after subprime mortgages all but disappeared, U.S. buyers with bad credit can still own homes.

The total number of loan programs being marketed declined in March, as fewer conventional offerings offset a loosening of standards on government products, according to the Mortgage Bankers Association.

The co-owner of a mortgage company responsible for a large-scale fraud scheme was sentenced to 21 months in prison in a Newark, N.J., federal court.

The housing market has been improving but mortgage credit remains "stubbornly" tight on loans bought by the government-sponsored enterprises, according to a chief housing adviser at the White House.

Consumers are feeling a growing pessimism about the direction of the economy that appears to be spilling over into the housing market in March, Fannie Mae said.

Banc of California in Irvine has agreed to sell its wholly owned investment adviser subsidiary, The Palisades Group.

Mortgage rates fell to their lowest level in more than a year, reducing borrowing costs during the peak season for home buying.

According to the American Bankers Association's quarterly report on consumer delinquency trends, late payments on home equity loans and home equity lines of credit have dipped below 15-year averages for the first time since the Great Recession.