Mortgages

New Yorkers for Responsible Lending is calling on Gov. Andrew Cuomo to sign a bill which would amend state law which its supporters claim will move homeowners in danger of foreclosure into court-mandated mediation much quicker by making lenders file certification of the legitimacy of the foreclosure action on a more timely basis.

Housing bonds turned a hefty 80% gain for the first half even as the entire municipal bond market was showing a 12% decline.

The Consumer Financial Protection Bureau has provided small banks and credit unions that operate in rural and underserved counties with certain exemptions from its mortgages rules.

Two $1 billion losses affecting private-label residential mortgage-backed securities that were taken due to a change in reporting methodologies as loans with principal forbearance changed hands may be the worst of these types of losses.

Jones Lang LaSalle Property Income Trust has closed a $40 million revolving line of credit from Bank of America.

A former bank executive faces two years in prison and a $2.4 million restitution payment after pleading guilty to one count of misapplication of bank funds.

PennyMac Mortgage Investment Trust has agreed to purchase nonperforming residential mortgages and property acquired in settlement of loans with an unpaid principal balance of $140 million from Citigroup Global Markets Realty Corp.

Is the mortgage market robust enough to say no thanks to the Fed’s easing, which has kept rates at record lows for years.

Employment in the mortgage banking and brokerage sector edged down to 292,200 in May on a nonadjusted basis from 293,000 in April.

Home Affordable Modification Program guidelines issued in 2010 recommend that servicers write down forbearances after servicing transfers unless prohibited by the pooling and servicing agreements.

A resident of North Las Vegas has filed a legal complaint seeking to block that city’s move to use eminent domain as a means of resolving distressed mortgage woes.

Municipal Mortgage & Equity has sold its fixed-rate performing multifamily bond portfolio to Merrill Lynch Portfolio Management Inc.

Keep reading and rereading anything to do with the Consumer Financial Protection Bureau.

Mortgage Grapevine poster Power Pig shared with the rest of the community a new way he has found to supplement his income.

Redwood Trust has issued another jumbo residential mortgage-backed securitization through Sequoia Trust that brings its total of deals done so far this year to nine.

Americans are finding it pays to go big when borrowing to buy a home.

The stock market closed early for Independence Day, with nine of the 17 Mortgage Industry Equity Composite stocks up.

There is more information on the Internet on “how to take advantage of great foreclosure deals” than how to contend with the threat of foreclosure.

We're hearing as this is a holiday week, it seems fitting that my blog post focus on a recent vacation.

Two cornerstones of the mortgage business will be penalized under the risk-based capital regime the federal banking agencies are adopting.