Mortgages

This rule allows the CFPB examiners an easy way to trace the funds without having to dig through papers.

The HECM lender is licensed in 43 states and issues Ginnie MBS.

The real estate brokerage adds that when compared with 2012, the drop-off is not as severe.

These firms believe they will continue to grow their businesses.

A lawsuit has been filed questioning the Federal Housing Finance Agency’s decision to block municipalities from using eminent domain to modify a distressed borrower’s mortgage and prevent foreclosures.

Both private mortgage insurers got buy recommendations from the investment bank.

The City Council unanimously approved a plan to make market-value offers on toxic loans and reissue them to homeowners.

There is no place on the new loan estimate and closing disclosure for disclosing lender-paid compensation, says Don Frommeyer, president of the National Association of Mortgage Brokers. Thus the form might not be appropriate for mortgage brokers to use. Several readers commented on Frommeyer’s statement.

It will use CoreLogic data to empower research conducted by the Urban Institute’s Housing Finance Policy Center.

Rising interest rates means lenders’ refinance business will dwindle, forcing them to compete for buyers by potentially loosening their lending standards.

Yields for 10-year Treasury notes rose to the highest level in more than two months Wednesday.

Cities and federal agencies have new requirements for maintaining foreclosed assets, so property preservation and servicing executives now spend lots of time poring over local codes.

If the switch is not done right, originators are setting themselves up for trouble.

Not much good has been said about those loan officers that scoop up the business that falls into the company’s lap, but that will change in the future.

Compensation for the business will be at a significant amount above book value.

A continuing reduction in bank-owned foreclosure inventories alongside third-quarter existing home inventory increases suggests “inventory bottomed early in 2013.”

The move will facilitate investments in mortgage servicing rights and whole loan portfolios for American Capital Mortgage and give RCS access to investment capabilities and capital.

A building containing Macy’s corporate headquarters secures the loan collateralizing the $450 million commercial mortgage-backed securitization.

Banks subject to the 2012 settlement over botched foreclosures failed in many cases to provide timely or adequate notifications to borrowers in various stages of the modification or foreclosure process.

Investors are anticipating the Federal Reserve to start its taper program soon and that impacted interest rates during a short week.