Mortgages

The grant will help rehabilitate or preserve more than 3,000 affordable housing units in New Jersey, New York, Puerto Rico and the U.S. Virgin Islands.

Builders are concerned higher mortgage rates could dampen buyer interest.

The Golden State experienced a rise in notices of default and foreclosure sales during December, while notice of trustee sales declined.

Mortgage Fraud Examiners describes this program as a foreclosure rescue rip-off.

Late payments on loans have risen for the first time since early 2012, but the long-term loan performance trend remains positive.

Many welcome additional lending as a sign of a recovering economy. But some of it is being done with looser underwriting.

Any salesperson will tell you that conversion is the key to success, but few are good at ensuring that it happens without a well-developed sales process.

Industry groups are seeking a longer delay in premium increases so the Federal Emergency Management Agency can complete an affordability study.

Credit requirements loosened the most in December, when 31% of mortgages had credit Fair Isaac & Co. credit scores below 700.

The bank reduced its servicing portfolio by 38% over four quarters, and lower provisioning for repurchases during the most recent quarter gave loan production income a relative boost.

The Nigeria Mortgage Refinance Co. will sell bonds on capital markets and provide long-term financing to lenders that will help them extend more home loans.

Standard & Poor’s estimates that the number of months required to clear shadow inventory has risen to 51 months, 14 more than a year ago.

Observers are warning this is only a temporary break as they expect rates to start rising again.

Ann Thompson intimated that she works almost exclusively with mortgage lenders and servicers examining their prioritization process to assess risk.

A court directed the Department of Housing and Urban Development to clarify the rights of unnamed spouses in Home Equity Conversion Mortgages documents, but HUD is appealing the decision.

The highly successful loan officer knows that success depends on partnership, hard work, knowledge and support from others.

The company added Crossline Capital and the Nationstar wholesale platform to its production business during the quarter.

This is an opportunity to ask your clients for referrals, not just for you but for your Realtor partners as well.

The Independent Community Bankers of America is urging Congress to advance legislation to limit the adverse consequences of new Consumer Financial Protection Bureau mortgage rules.

The lender will continue to make high-balance loans with DTIs above 43%.