Mortgages

Crossline Capital in Lake Forest, Calif., has completed its acquisition of Medallion Mortgage Co. in Agoura Hills for an undisclosed price.

The Federal Housing Administration's long-awaited decision to start accepting electronic signatures on mortgage documents will cut down on costs and streamline operations for banks and other mortgage lenders. But the industry still faces several hurdles before it can reap the benefits of this technology upgrade.

Plucky mortgage bankers and brokers across the country are betting they can address the needs of the purchase market better than their cost-conscious competition.

Radian's new mortgage insurance written was down 21% year-over-year, but credit quality improved.

The largest auction of troubled assets in the commercial mortgage-backed securities market is showing the strength of investors' appetites for real estate as more distressed properties from the crash come up for sale.

The contest, as it were, is not really over when the big game ends.

Mortgage applications volume increased 0.4% on a seasonally adjusted basis for the week ending Jan. 31, according to the MBA.

Lynn E. Szymoniak, famous for helping to uncover the robo-signing scandal, is now suing 22 companies for allegedly creating fraudulent documents and submitting tens of thousands of false claims to HUD.

Black Knight Financial Services finished yearend loan processing on a record 41 million loans last month.

As rising home values make it harder to profit by converting foreclosures to rentals, institutional investors turn to lower-priced markets and finance smaller players.

Republicans insist on making the debt-ridden insurance program actuarially sound.

K-deals transfer a portion of the mortgages' risk away from taxpayers and to private investors who purchase the unguaranteed subordinate bonds in transactions.

But the dollar volume of newly delinquent loans is $200 million more than in December.

Morgan Stanley agreed to pay $1.25 billion to settle a U.S. regulator’s claims that the investment bank sold faulty mortgage-backed securities to Fannie Mae and Freddie Mac.

There were 11 of the 17 Mortgage Industry Equity Composite members which closed higher.

Profits from flipping houses surged last year, but if prices stabilize as expected, this activity could level off.

A lender promises to be “ready to close" loans within 15 business days of receiving an appraisal—a far cry from where the mortgage industry once imagined it was heading.

Signs of a strong housing market are evident in Nassau and Suffolk County, N.Y., with foreclosure sales and months of available housing inventory both low.

But this group is also concerned about a lack of properties for sale and rising mortgage rates.

An executive says lenders can ease up now that putback risk has been reduced.