Mortgages

Intuvo, a company that provides marketing automation software to the credit union industry, and a division of CU Direct, announced it has entered into new partnership agreements with three credit unions.

renters, down payment, Freddie Mac, home buying

Mortgage applications rose from the previous week despite a nearly across-the-board increase in interest rates, according to the Mortgage Bankers Association.

A joint venture formed by a regional credit union trade group and a loan servicer has a simple mission: to help small credit unions that lack expertise in SBA lending jump into the booming 7(a) market.

The White House threatened to veto two bills on Tuesday — one that would mandate new cost-benefit requirements on the Federal Reserve and the other to allow loans held in portfolio to qualify as a “qualified mortgage.”

New homebuilding declined more than projected in October, led by a slump in apartment construction and showing fitful progress in residential real estate.

In one instance, a single complaint in the Consumer Financial Protection Bureau's database was counted as 35 different ones while in another, a complaint against a payday lender was filed against an unrelated bank. Current and former officials say that's par for the course, leading to inflated complaint numbers and inaccurate data.

Default rates on various types of consumer loans improved in October, according to Standard & Poor's and Experian.

Delinquencies on residential mortgages in the third quarter declined on a national recovery in housing prices and other factors, according to the Mortgage Bankers Association.

Confidence among homebuilders eased in November from a decade-high, indicating some cooling in the housing market.

Corporate culture can be a powerful tool for a good leader — and a poison pill for a bad one.

The Federal Housing Administration's unexpected windfall is already generating industry talk about another premium cut by the agency — but FHA officials insist such discussion is premature.

Lenders are doing a better job keeping consumers informed about the loan process, according to the latest J.D. Power mortgage survey. But the actual speed of loan closings is also a key factor to borrowers' overall satisfaction.

Center Street Lending in Irvine, Calif., has expanded into new lending products to help investors in the rental real estate market.

TD Bank USA plans to hire additional mortgage lenders as it seeks to expand its mortgage business in the Northeast U.S.

The number of underperforming loans transferred to special-servicing status dropped in October, according to Fitch Ratings.

Mortgage delinquency rates continued their double-digit yearly declines in the third quarter, according to TransUnion.

The Federal Housing Administration reported better than expected financial results on Monday, with the ratio of reserves to guaranteed loans soaring past its minimum threshold to reach 2.07%.

Mortgage applications for new homes accelerated in decline in October.

The government's aggressive (and unsuccessful) prosecution of tiny Abacus Federal Savings Bank stands as one of the oddest episodes of post-crisis era.