Mortgages

Fannie Mae and Freddie Mac seller/servicers completed 106,900 HARP refinancings in April, up 8% from the month prior.

Mortgage Electronic Recording Systems Inc. has won dismissal of a lawsuit filed against it in a federal court in Rhode Island.

The one percentage point increase in mortgage rates over the past two months will not stop the recovery in the housing market.

The housing industry’s recovery efforts are progressing through May as mortgage delinquencies have decreased 43% from their 2010 peak, according to Lender Processing Services.

Lender Processing Services said it made an active and extensive solicitation of 42 potentially interested parties during the go-shop period created under the contractual terms of its acquisition by Fidelity National Financial.

The gradual rise in interest rates now underway won't have a detrimental effect on most credit unions, predicts one industry expert.

PMC Commercial Trust, a real estate investment trust, has agreed to merge with CIM Urban REIT, an owner of Class A office properties.

A Credit Suisse report shows the rate of 30-year conventional prepayments dropped 10% in the latest month.

Blackstone Group is preparing to expand its bet on the housing recovery by lending to other landlords.

Some are buying nonperforming loans to get a hold of properties in states with longer foreclosure timelines early on rather than waiting for foreclosure.

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The good news benefited the Dow Jones Industrial Average and the Mortgage Industry Equity Composite.

We're hearing that it’s kind of a mystery as to why the number of construction jobs has not kept pace with housing starts.

Long before the rise in interest rates, Brian Morley started making changes to his business to do more purchase loans and remain a top producer.

The homeowners association is suing the builder, complicating the deal.

Excessive construction lending by banks and thrifts during the housing boom led to many failures and losses to the Federal Deposit Insurance Corp.

Bribing the loan officer was part of a scheme that contributed to the bank’s failure.

Participants at the National Mortgage News roundtable in New York see a few years of healthy activity left for the distressed mortgage market despite the slowdown in foreclosures and shadow inventory.

Unlike the previous transactions, the latest deal is backed by loans to borrowers that have missed payments in the last 12 months.