Mortgages

Investors want to permanently quash Richmond’s plans.

Another bank is right-sizing its residential mortgage lending unit as volumes drop.

Currently, two trends present significant challenges to the mortgage servicing industry unlike anything seen in recent history: longer foreclosure timelines and increasing regulatory scrutiny.

Residential and commercial real estate should benefit from improved conditions in the next couple of years.

Take the initiative to grow your business by keeping in touch with your sources and clients.

Lenders have been willing to “sacrifice a good bit of margin” to get good loans, particularly jumbos.

The transaction consisted of loans that had a book value of $20.4 million, which were sold at a loss of approximately $10 million.

A tiered compensation plan designed for a refinance market may not work well when purchases are the norm.

Rising interest rates and the budget battle in Washington are discouraging builders.

The U.S. Senate deal contributed to higher closing prices for 15 of 17 Mortgage Industry Equity Composite stocks.

Football fans on the Mortgage Grapevine are debating who is the better quarterback, Peyton Manning or Tom Brady?

Mortgage insurer has second consecutive profitable quarter.

Despite a substantial reduction in mortgage banking revenue during the third quarter, U.S. Bancorp’s overall net income remained flat on a yearly basis.

The August Federal Housing Finance Agency Refinance report also shows Home Affordable Refinance Program refinancings have dropped by 36% over the same four-month period.

Bank of America, JPMorgan Chase, Citigroup and Wells Fargo got credit for providing $15.4 billion in relief to roughly 420,000 underwater borrowers last year, according to the settlement monitor.

Bank of America's mortgage application pipeline as of Sept. 30 is off 60% from the start of the second quarter.

Conventional purchase apps are down 4% from the prior week and on an unadjusted basis, total purchase application activity is down 1% from the same week last year.

Citigroup has nearly $20 billion in home equity lines of credit and it is preparing for the worst when borrowers must start paying back the home equity loans.

The $350 million in proposed senior unsecured notes due 2021 currently have a 50% to 70% chance of recovery in a default for those reasons.

Having a continuity management plan in place helps to manage the situation.Having a continuity management plan in place for surviving any situation.