Mortgages

Applications for HECMs jumped 100% in September.

Back in the 1990s when Ed Fay graduated from business school, his goal was not to own a mortgage company, or to be the boss. Then the mortgage crisis started.

MGIC, which has a much larger inventory, only removes 1,300 loans.

Hummingbirds are inexorably tied to the flowers they feed upon. They co-evolve. This is what is about to occur as federal and state laws co-evolve to create new compliance challenges for lenders.

Among the 17 Mortgage Industry Equity Composite stocks, 10 reported price gains and seven had price declines on Thursday.

Fear of missing opportunities while the market is near its bottom will drive purchases as the Federal Reserve slowly ends the quantitative easing that puts downward pressure on rates.

New QM disclosures could delay closings when the purchase market heats up this spring.

The foreclosure inventory as of November 2013 is made up of 812,000 homes.

Fannie Mae/Freddie Mac and Ginnie Mae investment vehicles averaged returns of about -1% to -3% over the course of the year when Federal Reserve policy and long-term rate trends changed.

Rising house prices are making it easier for second-lien borrowers to refinance.

The Prestwick Mortgage Group offering of the servicing rights on mortgage loans with an unpaid principal balance of $187 million is getting closer to deadline.

The PGA Design Center in Palm Beach Gardens, Fla., which backs a securitized $30 million mortgage sold for only $5.6 million, according to local media reports.

The bank is training the group as a way to increase lending without losing control of quality, according to Brad Blackwell, head of portfolio lending for the San Francisco-based lender.

Through December, 31% of residential properties in the foreclosure process now have some equity.

Mortgage lenders are eager to make home loans this year, but consumers may be more hesitant to borrow.

This past year, most lenders experienced significant demand for mortgage products, driven by low rates and high refinance activity.

United Wholesale Mortgage sees new opportunities in construction lending.

The vast majority of loans originated today will qualify for the safe harbor.

It takes more than just refreshing your marketing to improve your image.

FOMC officials expect their bond-buying efforts will continue to support the mortgage market.