Mortgages

Though probably not endangered this year, low-income housing tax credits have been suggested for elimination often enough to alarm those who work with this important financing source for multifamily construction.

Greenlight Financial will pay $48,000 to settle claims it denied or delayed mortgage loans to applicants on maternity leave.

Long term care project owners are very aware of the advantages of HUD-insured financing. However, HUD's program policies continue to challenge some providers who own and/or operate multiple facilities.

The nomination deadline for the 2014 Mortgage Technology Awards has been extended until 6 p.m. EDT Thursday, July 10. Click Here to Enter.

Consider whether or not there are simpler alternatives to addressing the concerns behind a contemplated name change, because a retail mortgage lender re-branding requires commitment to an intensive, detailed strategy.

Mortgage applications fell for the fifth time in the past six weeks, led by a drop in purchases even as borrowing costs retreated.

Merscorp must face a trial to determine how much it owes Pennsylvania counties for shortchanging them on mortgage recording fees, a judge ruled.

FormFree Holdings, a mortgage technology vendor in Athens, Ga., has appointed John Sheppard, a former Coca-Cola International executive, to be its president and chief operating officer.

Digital shifts are rapidly redefining customer preferences and expectations.

Federal and state regulators are putting more pressure on banks to take immediate actions to address looming defaults of home equity lines of credit.

Lenders hope to earn bigger profits by originating loans that fall outside the qualified mortgage guidelines, for which they can charge borrowers significantly higher interest rates, but legal risks remain.

HomeStreet in Seattle has sold servicing rights to about $3 billion in single-family mortgages to SunTrust Banks in Atlanta.

The massive growth of nonbank mortgage servicers poses risks to Fannie Mae and Freddie Mac, according to a report from the Federal Housing Finance Agency's inspector general.

Fay Servicing, a special servicer based in Chicago, has created a division to manage foreclosed properties.

New View Mortgage settles with New York Attorney General Eric Schneiderman for $12,500.

U.S. Bancorp previously disclosed potential claims tied to the probe and “cooperated fully with the DOJ,” the company said.

As home prices rise and municipalities scrounge for revenue, rising property taxes make it harder for loan applicants to meet regulatory debt-to-income ratio limits and increase default risk on existing mortgages.

Loan officers have traditionally been on an island with borrowers, with little management involvement in an originator’s communications with clients. Increasingly, lenders need to think about systems and/or protocols to ensure that such communications are handled properly.

The number of contracts to purchase previously owned homes jumped in May by the most in more than four years, a sign the residential-real estate market is rebounding after a slow start to the year.

Private mortgage insurers will be required to have master policies that meet new guidelines in place by Oct. 1, according to announcements this week from Fannie Mae and Freddie Mac.