Mortgages

The grants are part of the bank’s pledge to invest 10% of its profits in the development of affordable owner-occupied and rental housing for very low- to moderate-income families.

A loan scenario posted on the Mortgage Grapevine is looking for a rate and term refinance.

The pool of high-balance, high-credit quality GSE loans have already been refinanced via the Home Affordable Refinance Program.

South Florida has cruised past its condo bust years and has entered a real estate stratosphere that has not been seen in the United States outside of New York and California's celebrity neighborhoods.

There was a 2.2% increase in the availability to consumers of mortgage product offerings from June to July.

Freddie Mac said that its 50th offering of multifamily mortgage-backed structured pass-through certificates since it began the program in 2009 is in the pipeline.

Dave Vida of LenderLive Network is one of many in the industry who does not see “anything too new in the loss mitigation space,” but recognizes it has been transformed by the foreclosure crisis.

Rising interest rates had no effect on the delinquency rate spiking 9.9% from May to June.

Like large banks, community banks are facing a steep decline in mortgage income over the next few quarters as the refinancing boom that has largely driven profits in recent years finally comes to an end.

Wells Fargo Securities economists are optimistic that home sales will continue to increase during the second half of this year despite the 100 basis point hike in mortgage rates since May.

The desire to responsibly and successfully own a home is growing again within the hearts of families.

The hangover from real estate owned properties on bank balance sheets was expected to last quite a while.

A Texas bank, 11 state attorneys general and a libertarian group are planning to continue their legal fight to overturn several sections of the Dodd-Frank Act.

Beazer Homes USA on a continuing operations basis took a 22-cent basic earnings-per-share loss for the third quarter of fiscal year 2013 ending June 30.

The technology stock closed over 16% higher based on its 2Q13 results.

Federal prosecutors in Cleveland filed papers Aug. 2 seeking to seize a home owned by Alex Spirikaitis, the fugitive CEO of Taupa Lithuanian CU.

We're hearing there's a general expectation that purchase mortgage lending will pick up as refinancings continue to decline over the next four quarters.

Allstate’s 2011 lawsuit against Goldman Sachs over the alleged fraudulent sale of residential mortgage-backed securities has been discontinued.

Congress may be dysfunctional and highly partisan, but its members do have a soft touch when it comes to seniors and their access to reverse mortgages.

Calyx Software is coming out with a qualified mortgage findings report that will allow originators to thoroughly document compliance with the rule scheduled to go into affect in January.