Mortgages

The properties acquired due to this scam went into foreclosure and resulted in significant losses to the lenders.

Fannie Mae has made significant progress in reviewing its legacy loans for possible repurchase requests and it expects to complete that review by the end of this year.

Inlanta Mortgage has obtained its approval from Fannie Mae as a seller/servicer to the government-sponsored agency.

Residential Finance has started a core services division to work with real estate brokers and homebuilders to improve the delivery of services to those constituencies.

Losses on soured debt linked to a California shopping center that was foreclosed on more than three years ago surpassed 100%.

While a lot of the president's remarks seem like warmed-up leftovers to those who follow the industry, there were a couple of interesting things a little farther down the prompter.

The cost of doing business with the Federal Housing Administration could skyrocket if the agency adopts a new method for calculating lenders' liability for poorly underwritten loans that default.

The deal will price on Wednesday and settle on Friday “at benchmark size,” according to Freddie Mac.

Prior to the expansion, only 156 U.S. counties were able to utilize this solution.

A group of regulators are planning to make lender-placed insurance policy changes this year, according to the Federal Housing Finance Agency.

Ocwen and Nationstar, the nation’s top independent owners of mortgage servicing rights who share the same aggressive MSR purchase growth strategy, approach nonagency risk differently.

Mortgage originators need to have a different mentality when going after purchase business in a rising interest rate environment than when they are chasing business for refinancings in a declining rate world, a pair of consultants to the industry said.

Don’t ever stop marketing because you think you’ve reached the point where you don’t need to.

All four of the publicly traded, legacy private mortgage insurance companies saw their stock price closer lower on Monday.

MountainView is offering another mortgage servicing rights portfolio, this one a $486 million Fannie Mae first-lien fixed-rate mortgage servicing rights package with a large Home Affordable Refinance Program component.

The former executive director of a New Mexico Housing Authority and her husband each pleaded guilty to one count of conspiracy charges to commit theft from programs receiving federal funds and theft of government property.

We're hearing that after some rough sledding the last few years, mortgage servicing is once again contributing to the profitability of the nation’s biggest lenders.

Approximately, 64% of the bonds are expected to recover 50%-100% of their current outstanding balance, while 24% are expected to have a 0% recovery rate.

The publicly traded real estate investment trust Pebblebrook Hotel Trust has acquired the full-service upscale Redbury Hotel located in Hollywood, Calif. for $34 million.

Equifax has integrated its Point in Time and Spectrum Verification Service tools into its retro income verification platform designed to enable users to reduce mortgage loan repurchase requests.