Mortgages

Paul Mass is stepping down as president, remains on the company's board.

Realtors nationwide have been complaining for a long period of time about a shortage of bank-owned homes available to sell.

The Freddie Mac survey’s weekly average for fixed mortgage rates dropped a bit for the third week in a row as the federal government shutdown rocked consumer confidence.

The National Association of Home Builders lowered its forecast for U.S. single-family home starts this year and next as higher interest rates slow the pace of growth in the housing market.

The longer the government shutdown continues the more disruptive it will be for the mortgage market and borrowers.

New York Attorney General Eric Schneiderman plans to sue Wells Fargo for violating the 2012 national mortgage settlement and has reached an agreement with Bank of America to comply with several new mortgage servicing standards.

The settlement monitor has issued four new tests to measure four banks’ compliance with the national mortgage settlement’s servicing standards.

As a rule transfers of mortgage servicing rights from one servicer to another do not have a negative impact on mortgage-backed securities ratings, but MSRs still make some insiders nervous.

The housing recovery is at a “turning point” and it needs more jobs and income growth to gain momentum.

Morgan Stanley and Bank of America will issue another CMBS conduit transaction that has been assigned preliminary rating by Kroll Bond Rating Agency.

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As the market changes, companies want to continue to attract and retain the best originators in the market, especially those that can consistently generate purchase volume.

New Penn joins Affiliated Mortgage and Norcom, among others, entering this business channel.

The recovery in home prices and sale volume continues to be driven in large part by cash buyers and institutional investors.

Day 2 of the shutdown saw the Dow Jones Industrial Average posting a loss of 59 points and 12 out of 17 Mortgage Industry Equity Composite stocks close lower.

The government shutdown is having a practical effect on the ability of mortgage originators to properly do their jobs.

A recent Redfin survey is showing signs that the home buying market is shifting away from being driven by sellers and back to one controlled by buyers.

The Consumer Financial Protection Bureau “wisely” provided qualified mortgage status to loans that are sellable to Fannie Mae and Freddie Mac.

The National Association of Hispanic Real Estate Professionals has signed a two-year agreement with Radian Guaranty for the private mortgage insurer to provide training on MI solutions to the trade group’s members.

In an effort to provide a broader range of services, CredAbility and ClearPoint Credit Counseling have agreed to merge by Dec. 31.