Mortgages

The S&P Case-Shiller house price index rose 2.2% in June from the prior month as all 20 cities in the HPI posted monthly gains for the third consecutive month.

The state of Michigan is using $100 million of the Treasury Department’s’ Hardest Hit Fund for the demolition of vacant and abandoned homes in five cities.

One poster has a customer who has four trade lines, but all were paid off and closed over 12 months ago.

Despite numerous news reports indicating a decline in foreclosure inventory over the past several months, RealtyTrac pointed out that foreclosure starts are up on a monthly basis in 26 states.

MountainView Servicing Group is marketing $1.4 billion in Fannie Mae and Freddie Mac mortgage servicing rights.

After a seasonal phenomenon occurred in June where mortgage delinquencies spiked up, the trend started to take a reverse course again in July.

Ohio is in dire need for new policies that improve the foreclosure process and promote job growth so the state’s housing and economic recovery takes hold.

Metro-West Appraisal Co. recently opened new branches across the country as part of the firm’s expansion strategy.

Nonaffiliated title companies are gearing up for the possibility of increased business as a result of new qualified mortgage rules the Consumer Financial Protection Bureau plans to put into place early next year.

The California Homeowner Bill of Rights and similar types of regulation issues in other states are affecting recovery efforts because these rules favor the borrower by protecting them if they are at-risk of foreclosure.

Equifax has introduced a tool designed to deliver a more in-depth picture of past credit behavior and future mortgage loan credit risk.

The city of Richmond and Mortgage Resolution Partners say a bondholders’ lawsuit seeking to block it from seizing underwater mortgages through eminent domain is premature and should be dismissed.

A federal judge for the Southern District of Iowa sentenced Paul Kramer to 90 months in prison for wire fraud, bank fraud and conspiracy.

MortgageKeeper Referral Services has entered into a strategic partnership with Student Loan Alliance that will assist distressed borrowers who also are struggling with student loan debt.

One key aim of developing a better business process in the current market is to adjust to what are generally higher costs as a result of the shift to a purchase market.

Add First Horizon National and SunTrust Banks to the growing list of banks facing another potential mortgage-related headache.

The new division, Luther Burbank Mortgage, will have its own suite of residential loan products from Luther Burbank Savings.

Michael Deery does a lot of writing, both for traditional and social media outlets, and is successful in attracting customers.

The Federal Housing Administration is holding another Neighborhood Stabilizing Outcome sale in November.

Claims on FHA-insured loans hit a record $8.2 billion in the third quarter of FY 2013 (ending June 30) as the Federal Housing Administration increased its sales of REO and nonperforming loans.