Mortgages

Buyers are purchasing properties “sight unseen” in New York and demand is strong on the coasts, Texas and in suburban Detroit.

Many lenders are worried they may face more disparate impact cases once the Consumer Financial Protection Bureau's new mortgage rules go into effect in January.

The mortgage industry’s shift toward a purchase-driven market increases the risk of fraud, and that was evident in the third quarter, particularly for jumbo loans.

Limited supply and higher mortgage rates have restrained momentum in the housing-market recovery.

Doing something that let's your clients know you care.

Purchase applications were up 6% as data show a reversal in the previous week’s rate spike.

Underutilized low-income housing tax credits used to fund apartment construction could help offset a decline in multifamily financing availability, if lenders are willing to lower their minimum loan sizes.

Brokers are either staying where they are or looking to become retail branches, says industry executive.

The scheme targeted distressed borrowers at risk of foreclosure by promising them a HAMP mortgage modification in exchange for a $400 to $900 upfront fee.

There were nine Mortgage Industry Equity Composite stocks which closed higher than they did on Monday, seven closed lower and one closed unchanged.

Norcom Mortgage spent more than a year working to upgrade its loan origination system, and recently went live with their provider.

The Certified Community Stabilization Expert program teaches real estate agents about the best REO sales and home preservation lessons from the housing crisis.

LoanServ aims to provide technology that is easy to access and gives each client a consistent customer experience.

Late payments are down when compared with October 2012 as the economy continues to improve.

New U.S. rules requiring simplified mortgage paperwork will take effect without an exemption for small lenders, according to people briefed on Consumer Financial Protection Bureau plans.

This is a model that small originators can use to build their businesses on a local level.

Rising home sales and relatively low foreclosure sales are the key drivers for the continued growth in residential prices.

He has maintained a positive attitude and built a successful business after being forced to relocate because of Hurricane Katrina.

The actions of the Consumer Financial Protection Bureau will determine how successful the market will be, a panel discussion at the Mortgage Bankers Association convention says.