Mortgages

Michaelson, Connor & Boul has formed a consulting division related to Federal Housing Administration loan portfolios, after it lost a management contract for REO properties.

Mortgage applications rose 14% on rate decreases, compared to one week earlier, on a seasonally adjusted basis for the week ending Sept.18, according to the Mortgage Bankers Association.

Although new HMDA data shows no negative effects from CFPB mortgage rules that went into effect last year, industry representatives argue it isn't showing the full picture.

The housing market is edging off a slow recovery in spite of high depreciation rates concentrated on the East Coast and Midwest, according to Zillow's August Real Estate Market Report.

Total multifamily mortgage debt outstanding rose 2.4% to $1 trillion at the end of the second quarter, according to the Mortgage Bankers Association.

Ginnie Mae may soon raise its liquidity and cash requirements for independent mortgage banking firms since it seems almost certain that Congress won't increase the agency's budget for fiscal year 2016.

First-mortgage originations to subprime borrowers have risen by 30.5% in the first five months of 2015, compared to the same period last year.

The number of mortgage originations dropped 31% to 6 million in 2014 due largely to a decline in refinancing as interest rates increased, according to a report issued Tuesday by the Federal Financial Institutions Examination Council.

Velocity Commercial Capital took steps to verify the so-called liar loan included in VCC 2015-1, a small-balance commercial mortgage securitization, according to Kroll Bond Rating Agency, which rated the deal.

Home prices increased more than estimated in July as the job market improved and buyers competed for a tight supply of properties.

Despite pledges last year to move “aggressively” to implement new credit scoring models at the government-sponsored enterprises, the Federal Housing Finance Agency’s effort appears to have stalled.

When it comes to marketing and staying in contact with your current or prospect customers and referral partners, there is no magic bullet that will perfectly reach out to each person in your database at exactly the moment they need help with a loan transaction. Considering the value of your time and money compared to the reward, one of the most effective sales/marketing methods currently available is drip marketing.

Loan modifications, short sales and other mortgage workouts outpaced the total number of foreclosure sales in July, according to the Hope Now alliance.

The Consumer Financial Protection Bureau finalized a rule Monday that will make it easier for some community banks to make qualified mortgages.

Lennar Corp., the second-largest U.S. homebuilder, reported fiscal third-quarter earnings that beat analysts' estimates as demand for new homes strengthens.

Money360, a marketplace lender that focuses on commercial real estate, has hired mortgage industry veteran Gary Bechtel as its president.

The half a percentage point reduction in the Federal Housing Administration mortgage insurance premium provided a bigger pop to the housing market than expected, according to Mark Zandi, chief economist at Moody's Analytics.

Hispanic women are taking charge when it comes to purchasing a home, according to a Better Homes & Gardens Real Estate and National Association of Hispanic Real Estate Professionals report.

Sales of previously owned homes fell more than forecast in August as lean inventories slowed this year's momentum.

Lenders should be excited about the TILA-RESPA Integrated Disclosures because it will help them provide better customer service and new opportunities to engage and educate borrowers.