Mortgages

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%.

The operators of this scheme have been banned from offering any type of mortgage and debt assistance business services to consumers.

CEO Joseph Ficalora continues to look for a transformative acquisition to cross $50 billion in assets—even if it invites extra regulatory scrutiny.

Fannie Mae’s home loan volume projection is slightly more pessimistic than it previously forecast, but more optimistic than the Mortgage Bankers Association’s recent downward revision.

The first Black Knight Financial Services mortgage monitor report revealed that purchase loans now account for over 50% of total originations.

The government’s dominating presence in the mortgage business is likely to continue for some time, says Rick Sharga.

The giant lender reports higher gain-on-sale margins and servicing income.

Real estate portfolios helped boost net mortgage banking income in the fourth quarter of 2013 when it reduced more headcount to offset declining origination volumes.

The chief economist sees little pickup in purchase mortgage lending.

Revenue exceeded spending by $53 billion last month, compared with a $1.2 billion deficit in December 2012, the Treasury Department said.

The petitions were filed on four assets to preserve current value and realize full potential value through either a plan of reorganization or orderly marketing and sale.

Jan. 10 has brought nine tough new servicing rules from the Consumer Financial Protection Bureau.

The Dutch State Treasury Agency has invited Bank of America Merrill Lynch, Barclays, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley to bid on the assets.

The bank hires Dan Smith, formerly of BrightPath Mortgage, to run this business.

The company has an edge because it has been offshoring for more than a decade and also automates a lot of tasks, according to SVP and managing director Jan Sternin.

In order to put the flood of government-related mortgage litigation behind them, banks will be forced to increase their litigation reserves.

The investor says by its calculations the unsolicited bid is too low by at least $1 per share.

While compliance has been properly viewed by most as merely a cost for lenders, it may very well become an investment critical to engaging in the most profitable form of lending.