Mortgages

JPMorgan Chase & Co. has resolved the last obstacles after months of negotiations to a record $13 billion settlement of civil state and U.S. probes over the sale of mortgage bonds.

Issuance forecasts ranged between $65 billion to $115 billion in an investor survey.

Two of three index scores suggest a favorable outlook.

Guaranteed Rate became an online originator for the first time this year. Now, 20% of its volume starts online.

Jose Alvarado used his control over three companies to falsify important facts given to financial institutions in order to secure loans totaling nearly $2.5 million.

A jarring anecdote about police threatening foreclosed borrowers seemed an odd choice in a speech by PNC Chairman James Rohr, who was urging banks to better manage their reputational risk.

Parkway Properties says 7000 Central Park is a Class A office tower that is expected to generate initial full-year cash net operating income yield of approximately 5%.

The number of homeowners who received a permanent loan modification in the third quarter decreased from the prior quarter. Servicers also finalized fewer short sales.

The largest increases are in Detroit, Atlanta, Las Vegas and Orlando, according to Re/Max.

Lenders facing volume declines are selling mortgage servicing rights to bolster their revenue.

The San Francisco bank will be joining the MPF Xtra program next year.

The November timing for the deal is good because spreads on new issues have come in over the last 60 days.

The resolution of the Skyline Portfolio mortgage was nearly half of the improvement for October.

The GSEs will be lenient when it comes to enforcing the QM rule’s 3% cap.

The ratings agency has replaced a government-insured mortgage-backed securities methodology it revised only two years ago implementing updates likely to be further revised in the future

The news of Pershing Square's investment in both companies resulted in other investors looking to cash in.

The filing of fraudulent mortgage applications is on the rise. On the surface, it appears as if risk mitigation solutions are not working properly. But vendors and even some lenders disagree.

Mortgage lenders, servicers and banks need to follow how court procedures for admitting evidence are updated when developing technology systems.

Purchasing homes from Zillow has been fueled by huge resets in home prices since market peak, historically low mortgage rates and an improving economy.

Pershing Square Capital Management bought common shares of Fannie Mae and Freddie Mac common stock, and may seek talks with management, shareholders and the government.