Mortgages

We're hearing from New York where the attorney general recently filed a law suit against HSBC alleging things which, if true, could help explain why judicial foreclosures take so long.

W.J. Bradley Mortgage Capital executives find deciding whether holding or selling mortgage servicing rights is worthwhile for the company in the long run both tough and rewarding.

Fannie Mae issued $7.6 billion of multifamily mortgage-backed securities in the second quarter from newly originated loans.

Dodd-Frank Act measures designed to prevent a repeat of the global credit crisis will be largely complete by the end of this year.

Bank of America’s proposed $500 million settlement with a class of investors in residential mortgage-backed securities issued by its Countrywide Financial unit needs more explanation before it can be approved.

Resource Real Estate Opportunity REIT has purchased Nob Hill Apartments for $10.1 million, excluding closing costs, from a financial institution that previously foreclosed on the property.

Rep. Jeb Hensarling will leave the Federal Housing Administration single-family program open to first-time homebuyers regardless of their income.

The long-anticipated collapse in mortgage applications stands to take a bite out of bank earnings in the second quarter and beyond.

WFG National Title Insurance is making progress towards its goal of becoming a national underwriter of title insurance with the approval by regulators in Michigan to write business there.

If mortgage interest rates continue to rise, that could put a damper on the emerging home purchase market and hurt the earnings of those banks with a strong presence in the origination business.

The average rate for a 30-year fixed-rate mortgage climbed another 22 basis points in Freddie Mac’s survey for the week ending July 11.

Rick Sharga has left Carrington Mortgage Services to join Auction.com as an executive vice president.

Even some Federal Reserve officials are concerned the recent jump in mortgage rates could crimp demand for housing.

June foreclosure filings accounted for the lowest monthly amount in six and a half years, RealtyTrac revealed in its midyear foreclosure market report.

Treat the process with the respect it deserves and don’t cut corners for the sake of profitability.

Jewel Hinkles of Los Angeles pleaded guilty this week to bankruptcy fraud in connection with a foreclosure rescue scheme she ran.

Wednesday saw 10 of the 17 Mortgage Industry Equity Composite stocks close lower.

Total Mortgage Services has purchased a new headquarters building in Milford, Conn.

The new office is to be known as Fairway Wholesale Lending Rocky Mountain Division.

Due to geographic concentration risks it would have required between 9%-10% AAA credit enhancement rather than 7.6%