Mortgages

The technology provider made a modest gain one day after rocketing up on Tuesday following rumors the company was on the verge of a sale.

The Department of Housing and Urban Development for the first time failed to sell some soured mortgages it's auctioning off post-housing crisis, according to sources familiar with the results.

LendingTree’s Borrower Health Score fell almost 2 points from 2Q13 and now has a mark of nearly 80 through the third quarter. This score is still some 7 points above a year earlier.

But non-interest income increased because it took in more guarantee and commitment fees.

A ratings agency says guarantee-fee hikes will only increase profitability.

Making mortgages is good for CUs’ fiscal health, it turns out.

A mortgage corporation was deceived into financing $1 million for four properties with invalid loan applications and appraisal reports.

The primary drivers of loan growth continue to be first mortgages and vehicle loans.

The $782-million-asset company halved its stake in Lender Service Provider to 25% during the third quarter after adding two members to the processing firm.

Getting the prep work done now for creating next year's business plan.

The bureau says consumers find assessments confusing and difficult to pay.

The affordable housing developer will help provide peers with access to New York City’s inclusionary housing program designed to ensure developers and projects stay in compliance with regulators.

The mortgage technology provider will not comment on the reports.

Illinois Attorney General Lisa Madigan alleges that the field service company violated the Illinois Consumer Fraud Act, but Safeguard says these claims are wrong.

They are looking to fix the industry’s reputation and that should help the scores on customer service surveys like the one J.D Power is releasing on Nov. 14.

Multiple companies have allegedly used borrowers’ maternity/parental leave status to delay or deny loans. This is in violation of the law and alienates a key group of borrowers.

Banks, along with Fannie Mae and Freddie Mac, are revisiting mortgage lending policies to address fracking concerns. Some banks will no longer finance homes where an oil rig sits, and Freddie Mac says it can force the entire outstanding balance to be paid if an oil lease is signed.

The Scottsdale, Ariz.-based investor of foreclosure-to-rent properties is aggressively expanding its purchase business indicating this market is anything but passé.

Dennis Lockhart said he wants to see inflation accelerate toward the Fed’s 2% goal before the central bank reduces $85 billion in monthly bond purchases.

Concern is mounting that Nationstar, Ocwen Financial and Walter Investment are getting so big so quickly that they are becoming too difficult to manage and should consider tapping the brakes on acquisitions.