Mortgages

Two men from Tucson, Ariz., were sentenced to federal prison for their roles in a mortgage fraud scheme that resulted in lenders losing at least $3.1 million.

New home sales staged a comeback in August as sales in the South rebounded by 14%.

A CoreLogic report revealed that fraud risk among mortgage applications is down nationwide in the second quarter.

Home purchase loan applications are at their highest level since July, up 7% on a seasonally adjusted for the week ended Sept. 20.

Tactile Finance is rolling out a new feature for its Pro product for mortgage loan officers, a screen-sharing function which lets them remotely show and explain to their clients the benefits of different loan scenarios.

This year, the market for mortgage servicing rights has heated up and the price for these rights has increased at least one full multiple while the number of active buyers appears to have quadrupled on advertised bids.

Wipro Gallagher Solutions on Wednesday officially launched its “Lend Value” suite of enterprise loan origination technology, integrating its three technologies.

Annual phone calls are a simple marketing strategy that very few loan officers take the time to implement.

Of the 17 Mortgage Industry Equity Composite members, 10 were down, six gained and one broke even.

A new Canada-only securities transaction collateralized by a co-ownership interest in a pool of residential property-secured lines of credit could prove to be a model for future deals of interest to U.S. investors.

A pair of subsidiaries of Nationstar Mortgage Holdings are planning to sell $150 million of senior notes in a follow-on debt offering.

Wells Fargo persuaded a U.S. judge to dismiss some claims against it in a lawsuit by the federal government accusing the lender of home mortgage fraud because they were filed too late.

An Atlanta apartment community that was foreclosed on twice—first by the local government and then by the federal government—has been purchased by The Radco Companies for $39.6 million.

The Mortgage Grapevine is discussing one of the biggest issues of the day in Washington, the lifting of the debt ceiling.

KB Home’s CEO thinks the mortgage-rate-driven slowdown in the housing market’s recovery will not last.

The 2.2-acre property was acquired through a deed of lieu of foreclosure on a note that Wharton Equity purchased from IberiaBank earlier this year.

Life insurers had a loss of 1.92% on their commercial mortgage investments in 2Q13, the first time this has occurred since the fourth quarter of 2008.

Kenneth Tebbs has been sentenced to 78 months in prison after pleading guilty to one count of wire fraud in connection with a real estate investment scheme.

Sen. Bob Corker, a co-author of legislation to overhaul the mortgage finance market, forcefully defended his proposal that private capital take at least 10% of the first loss on mortgage-backed securities.