Mortgages

Lenders reduced credit score minimums on loan products as originations declined.

Residential mortgage-backed securities loans originated outside the pending ability-to-repay/qualified mortgage rule’s protections may face higher loss severity assumptions.

The largest U.S. homebuilder had net income of more than $139 million for its fiscal fourth quarter ended Sept. 30, compared with $100 million a year earlier.

Edward Woodard was the mastermind behind a bank fraud conspiracy that used fraudulent books and records to apply for $28 million in funds from the Troubled Asset Relief Program.

The government removed 25,000 potential buyers per month at the worst possible time.

The servicing industry has witnessed unprecedented changes during the past several years and there is much more to come.

First-generation Asian and Latino immigrant homeowners saw a lower decline in homeownership rates after the Great Recession than their U.S.-born neighbors.

Mortgage documents and loan statements were used as records of debt and spending on tax returns as investment earnings in order to receive a refund.

Florida continues to lead the nation in foreclosure inventory, but trailing it is not another sand state but rather the Garden State—New Jersey.

The company looks to take advantage of the shift to a purchase mortgage market.

Smaller firms compete with major banks trying to get business from attendees.

The Texas State Affordable Housing Corporation has received a $75,000 grant from Wells Fargo to support the renovation of foreclosed or distressed properties in El Paso.

As Blackstone, the nation’s largest foreclosure-to-rent investor, eyes the secondary market, smaller local players have a chance to increase their market share.

He has been president since 2002 and will become CEO on Dec. 7.

Refinancings drop below 70% of loan acquisitions for the first time in years.

Conduit lenders also are originating a larger share of multifamily loans because of the GSE cap.

Housing economists expect home prices to end 2013 up nearly 7% year-over-year, but this trend is not projected to sustain this pace through 2018.

Refinancings made up just 28% of loan production in September.

Single-issuer Ginnie I pools have been the mainstay of the Ginnie MBS program for decades.

The company plans to market bonds backed by some of its more than 21,000 rental properties.