Mortgages

Another complex loan scenario posted on the Mortgage Grapevine involves a borrower who reportedly has verifiable W-2 income.

Lender Processing Services had net earnings of $19.1 million for the second quarter, compared with a net loss of $37.9 million one year prior.

The judges have selected the finalists for the 14th Annual Mortgage Technology Awards. Watch to see who will contend for this year's awards.

New data by the Mortgage Bankers Association show that the serious delinquency rate on FHA-insured single-family loans fell to 7.57% in the second quarter.

Fitch in its latest monthly index recorded the largest drop in commercial mortgage-backed securities delinquencies since the end of the recession.

Mortgage Industry Advisory Corp. as exclusive representative of an unnamed West Coast mortgage company is offering for sale another package of mortgage servicing rights.

Comparative data on servicers of securitized residential mortgage loans show RMBS investors are likely to shoulder higher carrying costs due to long and lengthening completed foreclosure timelines.

Eminent domain is a bad idea. Let’s put this as clearly as possible: cities, counties, don’t do it.

The federal government’s 2009 Home Affordable Modification Program requires the bank to offer permanent adjustments to homeowners who met the terms of a trial-period modification.

PNC Financial Services Group got a U.S. subpoena tied to foreclosure expenses on federally backed home loans and said two agencies are investigating whether its mortgages were unfairly priced.

Walker & Dunlop earned $14.5 million for 2Q13, up from $9.3 million one year prior, as loan originations practically doubled to $2.6 billion from $1.3 billion over the same frame.

The Federal Housing Finance Agency has entered the fray over the use of eminent domain by cities to condemn and restructure certain underwater mortgages.

Investors Thursday seemed to think Annaly's earnings didn't look too bad, especially considering that its mortgage investments—as its CEO describes them—can be “somewhat of a pain in the…”

Teresa and Giuseppe “Joe” Giudice are accused of conspiring to defraud lenders and of hiding assets during a bankruptcy proceeding.

Ellie Mae is considering a sale and has interviewed banks to manage the process, three people with knowledge of the matter said.

Ellie Mae was the largest gainer among Mortgage Industry Equity Composite stocks on Thursday.

The number of loans in Mortgage Guaranty Insurance Corp.’s delinquent inventory declined by 1,350 in July.

In the wake of the president's housing address, the media largely concentrated on his recommendations for housing finance reform.

A scenario posted on the Mortgage Grapevine is looking for a lender willing to fund a $58,200 refinance loan on an owner-occupied property in Louisiana.

Wells Fargo topped the Mortgage Bankers Association’s midyear ranking of commercial and multifamily mortgage servicers.