Mortgages

Trulia finds that nationally asking prices for homes rose 10.7% year-over-year in June.

Delinquencies among loans securing commercial mortgage-backed securities ended June at their lowest level since October 2010.

The issuance of nonagency residential mortgage-backed securities so far in 2013 is approaching the $11 billion mark, according to Standard & Poor's.

Fitch Ratings has affirmed the long-term issuer default ratings of both Fannie Mae and Freddie Mac at AAA.

Highlands Residential Mortgage has named Brian Bennett president of the firm.

The average rate for a 30-year fixed-rate mortgage during the week ending July 3 dropped back to 4.29% in Freddie Mac’s holiday-shortened weekly survey.

Overall application volume decreased by 11% from the prior week on a seasonally adjusted basis for the week ended June 28.

Servicing and other remaining risks will limit how much the performance of securitized residential mortgage loans originated during 2005-2008 will benefit from rising home prices.

DataQuick has begun offering through its website data, analytics and research for lenders, originators and investors based on its national property database and other industry resources.

Home Affordable Modification Program mods will qualify for the 50% risk-weight bucket.

Sabal Financial Group CEO Pat Jackson sees niche business growth opportunity within the third-party servicing space.

They need to know about things like data security, cash flow management and business credit.

Jeffrey Whaley of Sevierville, Tenn., faces five years in prison for his May 2012 federal convictions for wire fraud, bank fraud and money laundering arising from a mortgage fraud scheme.

Nationstar’s revised loss reporting related to principal forbearance loan modifications will have what Fitch calls “marginal rating implications” on some residential mortgage-backed securities that already have very low ratings.

There were nine Mortgage Industry Equity Composite members which closed lower and eight which closed higher.

Housing bubbles in the future can be prevented or limited by targeting policies to specific metropolitan areas, a research paper from the Lincoln Institute of Land Policy claims.

The Bank of the Ozarks will be opening a commercial real estate loan production office in New York.

There is a post on the Mortgage Grapevine by someone looking for help with Fannie Mae’s Desktop Originator.

Home Loan Servicing Solutions and HLSS Management have entered into a senior secured term loan facility agreement with JPMorgan Chase Bank.

Almost 36% of all U.S. new homes sold in May weren’t yet under construction, close to a seven-year high and signaling sustained strength in homebuilding as companies try to catch up.