Mortgages

Richard Jungen, the founder of Central States Mortgage Co., along with three associates, was charged in a federal indictment with a scheme to defraud the CUSO’s 25 credit union investors by siphoning more than $9 million to themselves.

Because traditional credit scores can be inadequate, more and more lenders should be turning to supplemental FCRA-compliant data to paint a more accurate picture.

Despite a predictable drop in refinance activity as interest rates rise, Patelco Credit Union is posting strong mortgage numbers thanks to an increased emphasis on jumbo mortgage products.

As interest rates continue to rise, the mortgage refinance landscape has been severely altered.

Accredited Mortgage Loan REIT Inc. is making a partial liquidating distribution to the holders of its 9.75% Series A Perpetual Cumulative Preferred Stock of $1.50 per share.

The risky loans that helped cause the U.K.’s real estate crash are making a comeback as cash buyers from abroad limit lending opportunities in London and banks instead venture into the weakest markets.

Conventional prepayment speeds are roughly 25% slower and Ginnie Mae speeds are down 17% to 19% from the previous month, but this trend could reverse in October.

We're hearing that consumers love the concept of homeownership but when it comes to finding a place to live they end up renting.

LendTrade is like a Match.com designed to help forge links between people looking to buy and/or sell loans combined with LinkedIn.

Major lenders are relaxing their policies with respect to buying loans from their correspondent lenders during the government shutdown.

Prudential Financial, TIAA-CREF and Northwestern Mutual Co. joined to provide $850 million in financing to Tysons Corner Center as life insurers add to bets on commercial real estate.

Investors had a more positive view of the markets on Friday, even though things like the jobs data were not available because of the shutdown.

International real estate deals made up 8% of Florida’s existing home sales between July 2012 and July 2013.

Fidelity National Financial fell for a fourth straight day as Fitch Ratings said that the partial U.S. government shutdown stands to hurt title insurers because it could harm housing.

A mortgage servicer's decision to use batch file or real time integration for their systems is not cut and dry with one method having definitive benefits over the other.

MC Companies completed a deal to add 200 bank-owned townhome units in San Antonio to its portfolio.

One former mortgage originator found a new career when refinancing a loan for “a pool guy” and discovering how much income doing that type of work could bring in.

Fannie Mae is updating its automated underwriting system so that lenders can report when troubled borrowers completed a preforeclosure sale so they aren’t treated as if they went through foreclosure when they apply for a new mortgage.

Estimated in the hundreds of thousands the number of federal employees affected by the shutdown is large enough to cause significant mortgage and credit delinquency concerns unless the shutdown ends soon.

The bid date for the Federal Housing Administration’s next note sale of nonperforming loans has been moved back to Oct. 30.