Mortgages

Lenders seized or sold at auction 51,000 housing units nationwide in September, down from 84,000 last year.

Lawyers for investors in Countrywide securities also ask to drop their objection.

The 92-year-old thrift is doubling down on home lending after its mortgage unit posted a net loss of $2.2 million in the third quarter.

Originators should outsource the verification of employment function.

The federal mortgage insurance fund benefits from slower prepayments and lower delinquency rates.

Progress will be tougher going forward due to the high concentration of borrowers with junior liens and low-value properties.

The Mortgage Bankers Association thinks mortgage volumes will drop by a third next year. Industry execs we asked agreed originations will fall. Just how much? No agreement there.

Consumers’ renewed interest in refinancing and a smaller rise in purchase requests give applications a boost.

Sixty-seven nonprofits will benefit from the megabank’s 2013 “Leading the Way Home” program designed to help accelerate recovery efforts in distressed areas.

Decreases in home financing delinquencies occurred for first mortgages, home equity installments and home equity revolving loans in September compared to a year ago, Equifax says.

Wil Armstrong applies lessons learned while working for Mother Teresa to being the chief executive of a mortgage technology firm.

Those home buyers turned down for a loan two years ago could be clients today.

Risk management and compliance has increased from safety and soundness reviews to encompass consumer protection and operational risks since the founding of the Consumer Financial Protection Bureau.

This mortgage-backed securities market has been slow to add issuers and grow, but the number of originators contributing loans to deals is nearing 100.

True to his efforts to bring the culprits to pay for perpetuated damages New York Attorney General Eric Schneiderman is awarding mortgage settlement money from the top banks to blighted communities.

Five states and New York City will receive money to assist communities with remaining housing, economic development and infrastructure needs.

Lester Soto admitted to carrying out two related mortgage fraud conspiracies that resulted in losses of more than $30 million.

Increased regulatory requirements and growing reputational risks are leaving many large banks rethinking whether they want to continue to service mortgages.

The district bank seeks to give members better access to the secondary market.

An improved economy should help grow purchases in the coming year as overall loan volume drops.