Mortgages

FirstBank Mortgage Partners in Jackson, Tenn., has agreed to pay $35,000 to settle allegations that it violated the Fair Housing Act by denying a mortgage loan to an applicant on maternity leave.

Fitch Ratings has downgraded the U.S. residential mortgage servicer rating of EverBank Financial in Jacksonville, Fla., despite servicing-operations changes that are expected to improve its performance.

Mortgage real estate investment trusts are an important source of private capital for the housing market and appear to be aligned with the mission of the Federal Home Loan Banks, according to a top advisor to Treasury Secretary Jack Lew.

The delinquency rate for commercial mortgage-backed securities remained stable last month, according to data from Fitch Ratings.

Speaking of millennials, working with this generation is going to become more important for all of us as they become, over the next few years, the largest part of our workforce.

Altisource has launched a new cooperative platform for the wholesale mortgage industry.

Running a search engine check on your name can turn up old links, outdated information and even items which could harm your reputation.

American Homes 4 Rent in Agoura Hills, Calif., expects to raise about $488 million from the sale of rental revenue backed securities.

Community bankers are launching a last-ditch effort to push the Senate this year to pass more than a dozen bipartisan regulatory relief bills that have already cleared the House with support from both parties.

National Credit Union Administration board member Rick Metsger said a Federal Housing Finance Agency proposal to restrict Federal Home Loan Bank membership could give banks an unfair advantage over some smaller credit unions.

Thirteen years after the Sept. 11 attacks, the new One World Trade Center is poised to open soon, bringing back memories of a horrific day and hope for a future in which things carry on.

Mortgage rates increased slightly during the week ending Sept. 11, according to data released Thursday by Freddie Mac.

Mortgage applications to buy a new home decreased 9% in August compared to the prior month, according to data from the Mortgage Bankers Association.

While year-over-year foreclosure activity continued to decline in August, an uptick in foreclosure auctions suggest the housing market still is in detox mode, according to RealtyTrac.

PennyMac became the third largest correspondent aggregator after banks turned their back on the mortgage origination channel. With banks now increasingly shedding servicing rights, PennyMac is poised to make a similar play in servicing.

Common sense underwriting, a regulatory system that abides by contract law, and borrowers who consider homeownership a privilege, not an entitlement, make Canada perfect for private -label residential mortgage-backed securities.

Mortgage technology provider Altisource has added a new compliance feature to Equator, its mortgage-servicing software.

Interest rate risk. Demanding regulatory and GSE standards. Shifting demographics. These are among the reasons that lenders will have a hard time balancing the call for affordable home loans with legal and market realities.

Assure360, a mortgage technology company in Carrollton, Texas, said on Wednesday that it was recently acquired by ARMA Acquisition, an investment firm in Chicago.

Homebuyers had to put slightly more money down on a conventional 30-year fixed-rate mortgage during the second quarter, reversing an 18-month downward trend, according to LendingTree.