Mortgages

Although the news is full of stories about increased home sales and huge demand, with all this activity appraisals remain a problem for everyone involved.

ViewIQ's new platform automates the REO asset management process for financial institutions so they can analyze and market bank-owned properties more quickly, accurately, and at less cost.

Since Wells Fargo Housing Foundation partnered with Habitat for Humanity the megabank has invested more than $278 million in support of affordable housing and community revitalization programs.

Today’s scenario on the Mortgage Grapevine is for a borrower with multiple non-owner-occupied properties that need to be refinanced out of hard money.

Oregon lawmakers passed an $800 million bonding package to fund construction projects.

Kevin Derricott of Rocklin, Calif., now faces 20 months in prison for his role in a scheme to defraud lenders out of millions of dollars.

Volatile interest rates have been pressuring down mortgage REIT portfolio values leading to historically low quarter earnings not likely to improve until 2014.

Global DMS said its valuation management software has been integrated with DataQuick’s collateral validation analytics solution.

The spike in interest rates last week affected both purchase and refinance application volume, as the total number of loan applications submitted the week ended July 5 declined by 4% on a seasonally adjusted basis from the previous week.

Rising rates, and for FHA loans the mortgage insurance premium change, have pushed many New York loans above the subprime threshold and stalling the market as a result.

The jumbo residential mortgage-backed securitization is collateralized by a $440 million pool of First Republic Bank-originated and serviced loans.

This is what he sends out when he has a referral, has tried to reach them a few times but hasn't heard back.

Even though MGIC Investment Corp. and Radian reported strong June numbers, they were the biggest losers on a percentage basis of the Mortgage Industry Equity Composite stocks on Tuesday.

Wells Fargo plans to issue a $1.4 billion conduit transaction called Wells Fargo Commercial Mortgage Trust 2013-LC12.

As a member of RealtyTrac Network, Laffey Fine Homes will have access to RealtyTrac’s data sets.

CIB Marine Bancshares has agreed to buy Avenue Mortgage.

The Mortgage Grapevine post from Loanpotator started out as a satirical comment on the future of the message board and of the origination industry as a whole.

Lender Processing Services hired Vicki Vidal to strengthen its servicing solutions team.

Fannie Mae and Freddie Mac worked with more than 130,000 borrowers during the first quarter to help troubled borrowers who were at risk of foreclosure not lose their property.

Nevada’s housing markets are recovering at a faster pace than the rest of the country, but still have a long way to go.