Mortgages

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Recent layoffs at two Wingspan Portfolio Advisors call centers come just weeks after several employees, including at least one senior vice president, were laid off at the special servicer's Dallas headquarters.

Independent originators could be shut out from offering this product as there is no secondary market.

Student loan debt has simultaneously reduced younger consumers' ability to get a mortgage and burdened their older family members, a TransUnion study shows.

Freddie Mac is building a business to originate small apartment loans, between $1 million and $5 million, as part of its mandate to support affordable housing.

Wells Fargo will pay up to $5 million to resolve allegations it discriminated against mothers on maternity leave, the largest settlement of such claims ever reached by the Department of Housing and Urban Development.

Lenders increased their origination of home equity lines of credit, or HELOCs, by 21% in the 12 months ending in June.

Mortgage rates fell to the lowest level in a month after the International Monetary Fund's cut to its global-growth outlook drove investors to the safety of the U.S. government bonds that guide borrowing costs.

Real Estate Settlement Procedures Act-Truth in Lending Act reform effective next summer requires significant operational changes, but if lenders prepare now, it shouldn’t be as scary as a zombie apocalypse.

Some actors become known for a single role and they cannot escape the public's perception linking them to that part. That can happen to originators too.

In another sign of strong demand by investors for nonperforming residential mortgages, the asset class is edging closer to more rated, public securitizations — a rarity in this largely opaque market.

Fitch Ratings issued an industrywide report Tuesday on U.S.-based commercial mortgage-backed securities. The report highlights positive signs of progress but also says the sector has, "room for improvement."

New York-based real estate investment trust Apollo Commercial Real Estate Finance has completed $190 million in investments that include the recent acquisition of a minority ownership in KBC Bank Deutschland AG.

Revest Asset Management said today that it has begun Community Partners Limited Partnership, a $10 million private equity fund focused on distressed U.S. residential real estate.

The Mortgage Bankers Association continues to push back against regulations stemming from the financial crisis, as the industry's biggest lobbying group continues pushing for regulatory relief to bolster the housing market — and boost profits for its members.

Deutsche Bank AG is exploring the sale of about $2 billion of U.S. commercial real estate loans held by the bank's Special Situations Group, according to a person with knowledge of the matter.

Taking action to prevent another tragedy such as the murder of a real estate agent in Arkansas.

Mortgage application volume increased last week behind a surge in refinance and purchase activity.

Mortech has introduced a platform that enables mortgage lenders to create a customized website for their personal brand and business.

The California Housing Finance Agency is offering an additional $6,500 in down payment assistance to first-time homebuyers who qualify for its CalPLUS Conventional program.