Mortgages

When the next wave of REO activity hits, it will be heavily influenced by some of the leftover problem loans from the last downturn, as well as new defaults from more recent originations.

Mortgage rates dropped as Europeans worrying about a Greek default beefed up investments in American mortgage-backed bonds.

RealtyTrac reported 126,868 foreclosure filings last month, the highest level of activity in 19 months, driven mainly by bank repossessions and a 5% year-over-year increase in scheduled foreclosure auctions.

Optimism abounds in Fannie Mae's survey of mortgage lenders for the second quarter of 2015.

WASHINGTON — After months of declining industry and congressional pleas to delay an impending rule combining two mortgage disclosure regimes, the Consumer Financial Protection Bureau on Wednesday announced a two-month delay due to an "administrative error."

Residential mortgages for new purchases increased in May, after a steady decline for the previous 12 months, according to Ellie Mae's monthly volume report.

Six servicers were cited for a range of infractions, including a failure to respond to requests for loan modifications and not doing enough to prevent foreclosures. Punishment was harsh for Wells Fargo and HSBC, which are banned from acquiring mortgage servicing rights and entering into new servicing contracts.

Lenders continued to refinance mortgages through the Home Affordable Refinancing Program in April, the Federal Housing Finance Agency reported.

FICO discards incomplete and old credit history information for a good reason. The solution to today's credit-access problems is not to use this unreliable data but to turn to alternative data such as the payment of everyday bills.

Amalgamated Bank in New York has reached an agreement with a real estate firm to provide construction loans for apartment and condo buildings in New York.

Mortgage applications fell 5.5% on an adjusted basis for the week ending June 12 from a week earlier, according to the Mortgage Bankers Association.

A new analysis from CoreLogic found that 254,000 homes regained equity in the first quarter, meaning there are now 44.9 million mortgaged properties (representing 90% of the total) that are above water as of March 31.

Six banks including JPMorgan Chase and Wells Fargo have been placed under further business restrictions after the Office of the Comptroller of the Currency determined they had yet to fully meet regulatory orders related to the independent foreclosure review which began in 2011.

A Virginia man on Monday pleaded guilty to federal charges tied to bogus real estate transactions conducted between 2006 and 2007.

Discover Financial Services will exit the residential mortgage-origination business that it acquired in 2012.

Commercial and multifamily mortgage debt increased in the first quarter compared to the previous quarter, as mortgage originations remained strong, according to the Mortgage Bankers Association.

New regulations for credit rating agencies that took effect this week are expected to make mortgage and other asset-backed securities more transparent by requiring broader disclosure of certain due diligence reports.

Access to credit is too tight. New credit-scoring models could increase the number of eligible borrowers in the U.S. without weakening todays underwriting parameters.

One mortgage executive says there is a continuing need for lenders, real estate agents, consumer groups and government to educate consumers to their options when it comes to financing a home.

More than a year after the CFPB revamped its employee rating system following allegations of discrimination Equal Employment Opportunity complaints have surged and the agency faces ongoing accusations of bias and retaliation against workers who speak out.