Mortgages

Closed sales of existing single-family homes in Florida were up 17.5% in July over the same month in 2012 and pending sales were up 23.3%, while in Illinois home sales in July were up 28.5% over the previous July and median prices were up 14.2%.

There were 15 Mortgage Industry Equity Composite stocks that closed lower on Wednesday, with one up and one unchanged.

Wells Fargo is laying off 2,300 mortgage jobs nationwide as the result of flagging demand for mortgage refinancing.

Sen. Elizabeth Warren is pressuring the Department of Justice for more details related to payments made to the Federal Housing Administration as part of the $25 billion mortgage servicing settlement.

loanDepot has signed an agreement to merge with imortgage.com Inc., in a deal which the pair state would create the third largest private independent mortgage retailer in the nation.

Treasury 10-year notes fell on Wednesday after minutes of the Federal Reserve’s July meeting showed policy makers were “broadly comfortable” with a plan to curtail bond purchases.

The Mortgage Grapevine community likes to give their opinions on the news of the day.

It is important for borrowers to shop around and find out whether an adjustable or fixed rate mortgage best fits their needs.

Five states top a new LendingTree report that analyzes the financial health of prospective borrowers ranking each state based on a 100-point scale.

Wheeler Real Estate Investment Trust has priced a public offering of 2.75 million shares of its common stock at $4.30 per share.

Toll Brothers reported higher home sales and higher pretax earnings for the third quarter ending in July 31.

Orrstown Bank has recovered $2.5 million it had been owed by the bankrupt Yorktown Financial, a company which had provided residential home construction financing.

As the housing market moves on the path towards recovery, mortgage fraud is a crime of economic opportunity in which scammers are still taking advantage of distressed borrowers.

Is the Consumer Financial Protection Bureau taking a page from the NCAA?

One economist has noted that rising mortgage rates have pushed some buyers into the market.

According to one economist, housing inventories are low and credit standards are tight and that is not going to change anytime soon.

The Mortgage Bankers Association reported a 4.6% decline in mortgage application volume on a seasonally adjusted basis for the week ended Aug. 16.

Without the systematic rigorous process of tenaciously following through, while ensuring accountability, your business and personal life will be less rewarding than it could be.

Mortgage insurer MGIC Investment Corp.’s percentage gain was the largest at the close of the standard trading day when it was up 5.46% at $7.15 per share.