Mortgages

Diane Cobb and Paul Davis were both indicted on 15 counts of conspiracy, mail fraud, and wire fraud in connection to a $2.4 million scam.

Lenders' choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.

Federal Reserve data show the rate of decline in mortgage debt outstanding has slowed in recent quarters, while housing market trends suggest it could start growing again in the near future.

The biggest state concentration in the multibillion dollar bulk mortgage servicing rights package represents less than 10% of the portfolio.

Default management is a continuous, cumbersome process with multiple touch points and outcomes, therefore more susceptible to risk.

The securitization will be backed by income from a portion of the Scottsdale, Ariz.-based firm’s portfolio of single-family rental homes.

Annual monetary returns to customers that totaled $130 million last year would be wiped out if the qualified mortgage rule's 3% cap remains as proposed.

The bank is resolving to pay millions in cash in addition to giving claim credits and other payments on certain vintage mortgage loans.

Government shutdown cited as factor in October decline.

Guild Mortgage is looking to grow its business with three-year goals of amassing $20 billion in servicing and doing $10 billion a year in originations for first-time homebuyers.

The Federal Housing Finance Agency could slow efforts to shrink Fannie Mae and Freddie Mac and boost aid to troubled borrowers if U.S. Representative Mel Watt is confirmed as the agency’s director early next month.

The government wants to add Wells Fargo Vice President Kurt Lofrano as a defendant to a lawsuit that claims the bank was reckless in underwriting mortgage loans it falsely certified as eligible for Federal Housing Administration insurance.

JPMorgan Chase’s $13 billion mortgage-backed securities settlement reinforces the industry’s need to keep tabs on originations, even if reform is supposed to end this kind of problem.

Well-developed brands have a higher return on investment when it comes to generating new business.

Just 11 of the 17 stocks closed on Friday higher than they did on Thursday even as the Dow Jones Industrial Average ended the week at a record high.

Most U.S. adults’ opinion of homeownership has failed to waver over the past five years even though the return to a normal housing market has been slow, according to a NeighborWorks America survey.

Western States dominate the low-coupon Fannie Mae mortgage-servicing rights package.

The notes are backed by servicer advance and servicing fee advance receivables, and similar to a previous August deal.

Readers can now comment on virtually all (and soon, all) content on National Mortgage News’ website. The first comments from readers prefigure some lively interactivity to come.

A letter has been sent to the Federal Reserve and the Office of the Comptroller of the Currency demanding more information about the settlement.