Mortgages

As servicers downsize their loss mitigation units, housing counselors are finding the companies' designated points of contact are less experienced, making it more difficult to get packages approved for troubled borrowers.

A trio of private commercial mortgage veterans announced the launch of Shelby Funding in Boca Raton, Fla.

Mortgage professional hiring and new job appointments for the week ending March 18.

There are more millennial homebuyers in Boston and Pittsburgh than in the rest of the country's 50 largest cities, according to a study released Thursday by LendingTree.

A small Connecticut bank takes the plunge into mobile-friendly mortgages in a bid to turn an attractive pool of student-loan borrowers into lifetime customers.

Maine Savings Federal Credit Union in Hampden has introduced a program to give homebuyers up to $15,000 in down payment and closing costs.

Independent mortgage banks saw production profits slip during the fourth quarter, a result in part of the implementation of the TILA-RESPA Integrated Disclosures, according to the Mortgage Bankers Association.

Advanced technology can certainly provide process improvements, but those will reap results only if employed alongside industry fundamentals.

Fixed-rate mortgage rates rose for the third straight week, in part due to higher inflation, Freddie Mac reported.

If the Federal Reserve raises short-term rates in June, market volatility will spur investors to buy long-term bonds, driving down the 30-year mortgage rate to around 3%, consultant Barry Habib argues.

It took an average of 46 days to close a residential mortgage loan in February, the shortest closing time since May, according to Ellie Mae.

W.J. Bradley Mortgage Capital shut its doors after it was stuck with nonagency loans with TILA/RESPA integrated disclosure issues that it couldn't sell.

While the $1.9 billion of bonds are not guaranteed by the government, most of the underlying loans could have been sold to Fannie and Freddie, and the transaction accomplishes the same thing as the GSEs' risk-transfer deals.

The downturn in the refinance market led to a decline in total mortgage applications last week, according to the Mortgage Bankers Association.

New-home construction rose more than economists forecast in February, led by the strongest single-family building in more than eight years, signaling continued confidence in demand for residential real estate.

Repeat homebuyers don't seem too thrilled with the impact the Truth-in-Lending Act/Real Estate Settlement and Procedures Act integrated disclosure rules have had on the mortgage process.

The Federal Housing Administration revised its proposed lender certification requirements on Tuesday in an effort to provide more clarity and reassure lenders they won't be penalized for minor loan defects or mistakes.

The 30-year fixed-rate mortgage averaged 3.55% for the week ending March 15, according to Zillow Mortgages.

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