Mortgages

The Transforming Valuations Award recognizes a technology advancement in the appraisal, broker price opinion or automated valuation sectors. Learn about this year's finalists and see who won the 2013 MT Award.

Thirty-year conventional speeds fell 8%, surprising analysts who had expected a 5% increase.

Rates have reversed a downward trend that occurred after the Federal Reserve indicated it will keep easing. If this trend continues, refinancings are likely to decline again.

Bill de Blasio’s record suggests he is one of the strongest affordable housing advocates in New York City’s recent history.

Those loan officers who lack integrity will not be successful.

Originators can't divide annual income by 12 to see if the borrower qualifies for a loan.

Fortress Investment Group is the partner in the joint venture.

The company is putting mortgages in the “rearview mirror,” according to its top executive.

Congressmen want FHFA to preserve Fannie and Freddie's role in MF lending.

Automation can patch holes currently being "spackled" by humans, freeing them up for better use elsewhere.

The economy is likely holding back sales activity.

Community banks sustained a 27% decline in mortgage banking income last quarter, confirming the laments of individual banks during earnings season. Some banks are getting creative to try to revive their business in coming quarters, but it will be tough.

GSE reform opens the door for the Federal Home Loan Banks to be bigger aggregators and MBS issuers.

Brokers need to take pride in their business and protect it.

There are 13 of 17 Mortgage Industry Equity Composite stocks which closed lower on Tuesday.

The Senate Banking Committee dug into the details Tuesday of how to ensure that community banks retain access to a reformed housing finance system as agreement over a broad approach began to emerge.

MortgageIT will pay HUD $12 million for unfairly denying and overcharging loans against African American and Hispanic borrowers.

Community bankers are trying to make sure they have a place at the table as legislators decide lender access to the secondary market where they play a bigger role than most believe to be the case.

The recommendation that David Stern be disbarred follows a 17-count complaint filed by the state bar.

The cooperatives made hay on the refinancing boom. Can they repeat that success in a purchase market? They think they can.