Mortgages

One poster is seeking an answer from the Mortgage Grapevine community regarding investment property refinance guidelines.

UC Funding has funded an acquisition bridge loan secured by a first mortgage on a 304-unit garden-style Class B apartment community in San Antonio.

Speculation is growing that the GSE regulator is considering a reduction in Fannie Mae and Freddie Mac’s base loan limit to $400,000 from $417,000.

The Massachusetts attorney general said that Barclays will pay $36.1 million to settle allegations that it financed, purchased and securitized residential loans during the subprime mortgage meltdown.

Altisource Asset Management Corp. has been approved by the New York Stock Exchange to be listed on the NYSE MKT board (the former Amex).

Strategic Hotels & Resorts was able to get an amendment to cross-collateralized mortgage agreements on loans securing two luxury hotels.

Wells Fargo will invest $11.4 million to help accelerate the economic recovery through neighborhood improvement projects in 25 cities affected by the foreclosure crisis.

Bank of America is being removed from the Dow Jones Industrial Average at the close of trading on Friday and being replaced by Goldman Sachs.

Progress Residential, a single-family rental company started by former Goldman Sachs Group partner Donald R. Mullen Jr., obtained a $400 million credit line from Deutsche Bank AG.

Usually, loan officers with a lot of unclosed loans in the pipeline—and therefore commissions at stake—are hesitant to make a move.

CoreLogic said about 2.5 million more residential properties returned to a state of positive equity during the second quarter.

Providing a multichannel approach to collecting borrower information can lower costs and provide a better customer experience.

The Federal Home Loan Bank system saw its strongest advances growth in nearly six years in the second quarter as banks began to see depositors exit.

There are plenty of tools to help mortgage originators develop referral relationships.

The percentage of conduit commercial mortgages paying off at their balloon date in August is 72.1%.

The recent spike in mortgage rates has “dampened” consumers’ views of the housing market, according to Fannie Mae’s latest survey.

JPMorgan Chase expects its mortgage originations will be off by 35% to 40% in the second half of this year.

Mobile cloud technology is singlehandedly changing mortgage and field servicing processes, according to at least one insider, in ways that are both evident and obscure.

Bank of America will eliminate about 2,100 jobs and shutter 16 mortgage offices as rising interest rates weaken loan demand, said two people with direct knowledge of the plans.

Originators need new ways to get business.