Mortgages

James Cockinos was sentenced to one year in prison for his role in conspiring to commit bank fraud in order to secure a $1.48 million residential real estate loan.

The Prestwick Mortgage Group said it is exclusively brokering on behalf of an unnamed seller a $154 million portfolio of Ginnie Mae II mortgage servicing rights.

One poster is looking for portfolio lenders who are willing to finance more than the four investment properties that is the Fannie Mae limit.

There are 1,031 Ginnie Mae loans and 617 Fannie Mae loans in the portfolio, and the majority of the loans are no cash out refinances.

Under the Making Home Affordable programs there can be a benefit for both the homeowner and the industry that many may have overlooked.

Moody's Investors Service has downgraded four tranches issued by Bravo Mortgage Asset Trust 2006-1.

Department of Housing and Urban Development officials want lenders to implement the changes by Oct. 1, the start of the federal government’s fiscal year.

Sterne Agee stock analysts Friday lowered estimates for PHH Corp. after a Thursday afternoon sell-off in the stock.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

Higher rates, thinner margins and changing in secondary market appetites are driving retail lenders toward multiple loan buyers and potential mergers.

There have been a number of issues on the mortgage call report originators are required to file with the Nationwide Mortgage Lending System.

Mortgage companies added 2,700 full-time employees to their payrolls in June despite rising mortgage rates.

In one case, the government went back 30 years for a business owing payroll taxes.

A California couple want their city to reduce their mortgage debt using eminent domain. That could be bad for hospitals in Missouri.

Data provider Trepp’s numbers show June delinquencies in commercial mortgage-backed securities were down 17 basis points month-to-month.

Nationwide Appraisal Network, is collecting school supplies through Aug. 8 for local children in a Florida county where 20% live in poverty and thousands of children live in foster care or are homeless.

One mortgage compliance expert compares rules enforcement to the construction of an automobile.

A short sale buyer has successfully flipped a retail center located in Albuquerque to Cole Real Estate Investments.

Bank of America asked a federal judge to reject homeowners’ efforts to sue the bank over its failure to modify mortgage loans as a class-action case.