Mortgages

Home Affordable Modification Program servicers have completed nearly 151,000 loan modifications where the borrowers benefit from principal reductions and 129,000 of those loans are still active.

Kroll Bond Rating Agency has assigned preliminary ratings to COMM 2013-LC13, a $1.1 billion commercial mortgage-backed securities conduit transaction collateralized by 57 fixed-rate loans secured by 97 properties.

Interactive Mortgage Advisors is offering a $102.9 million Fannie Mae bulk residential mortgage servicing rights portfolio for sale.

There was a 0.7% rise in home prices in July from June, according to the FNC Residential Price Index.

There were nearly 2% fewer homes sold in California in August compared with July’s revised figures, although it is over 3% when compared with August 2012.

Ginnie Mae MBS issuance totaled $35.3 billion in August, down nearly 10% from the prior month.

Pricing engines are a tool that allows loan officers to give consumers a better understanding of what is being offered.

Douglas Smith says it doesn't happen in the pages of a book.

Presale reports are out on a $425 million sequential-pay commercial mortgage-backed securities deal backed by beneficial interests in a mortgage securing four Florida hotels.

The Consumer Financial Protection Bureau has issued a final rule that contains 273 pages of refinements to its qualified mortgage, loan officer compensation and servicing rules.

Data through July 2013 show over 1.7 million homeowners received foreclosure mitigation assistance through the Making Home Affordable Program.

Even though volume was lower than average, 15 of 17 Mortgage Industry Equity Composite members closed higher on Friday.

While hardware and software has been available for e-notarization previously, this is the first time web-accessible technology that is integrated into broader document workflow has been applied to electronic notarization.

More mortgage originators could change hands in coming months as pressure mounts on small banks and servicers to deploy excess capital and pad revenue.

The crisis “exposed a major fault-line” in terms of loan data integrity the two technology providers are coming together to try to bridge.

The USDA Rural Development program has its own underwriting technology, called GUS, short for Guaranteed Underwriting System.

Fannie Mae has promoted Terence Edwards, the former president and CEO of PHH Corp., to executive vice president and chief operating officer.

Blueprint Capital has completed its conversion to a real estate investment trust corporate structure.

Trade-up buyers are typically more responsive to market conditions and financial incentives.

The continuous housing market recovery and the overall decline in inventory is pressuring down foreclosure sales across California.