Mortgages

Efforts to curb neighborhood blight nationwide are occurring by first obliterating abandoned homes and then repairing units that reside next to these assets.

Many cities across the country have seen home prices continue to climb basically every month over the last couple of years, and August was no exception to this trend.

A recent bank deal in St. Louis shows that M&A can be a real time-saver despite the grunt work.

The effort, which starts today, could help boost the flagging refinancing boom in the U.S.

This technology takes the full appraisal report and looks for red flags for the mortgage underwriter to follow up on.

The mortgage industry’s early attempts to inject self-service into the transaction were not very effective.

Freddie Mac is projecting a 15% bump in purchase money mortgages in 2014, fueled largely be what its chief economist calls "a high degree of affordability."

Interactive Mortgage Advisors is offering to qualifying buyers on behalf of an unnamed seller another package of mortgage servicing rights.

FirstREX said it has been offering the financing for up to half the downpayment on purchase loans in combination with RPM Mortgage.

Lone Star Funds increased the target on its newest fund by 10% to $6.6 billion in response to investor demand.

On Friday 12 of the 17 Mortgage Industry Equity Composite members closed lower as investors worried about the budget and when the taper would begin.

Fannie Mae’s recently priced multifamily DUS REMIC included a feature that was new for its multifamily desk.

Community Bank & Trust is auctioning approximately 60 properties, both commercial and residential assets, early next month in Georgia and North Carolina.

There were 20,933 sales of existing single-family homes in Florida during August, up 12.5% from the same month last year.

Every so often, the posters on the Mortgage Grapevine take the time from their busy schedules and reflect on the meaning of life.

We're hearing the mortgage industry is looking favorably on the latest Federal Reserve Board easing plan.

PennyMac’s first jumbo mortgage-backed securities deal in its planned form does not have a master servicer, unlike previous deals in the space.

The California Association of Realtors expressed dissatisfaction that the California Assembly Appropriations Committee failed to sign Senate Bill 30 before leaving for adjournment at the beginning of this month.

A study of the investment portfolio of 34 life insurance groups by Fitch Ratings found they have made a modest allocation shift into less liquid assets, including commercial mortgage loans.

The Boston City Council unanimously passed a bill aimed at improving banking practices in low- and moderate-income neighborhoods, including those related to mortgage lending and foreclosure prevention.