Mortgages

Stonegage Mortgage's new office will be located in Oak Brook, Ill., and will focus on loan servicing and originations.

The owner of a California mortgage brokerage company was sentenced to three years in prison and ordered to pay more than $5.8 million in restitution for her role in a real estate-related wire fraud conspiracy.

These grants are expected to assist more than 1.6 million households in their efforts to find affordable housing, make more informed housing choices and avoid foreclosure.

PennyMac Financial Services is now using a new platform developed by Quandis to enable the mortgage services firm to centralize the short sale process into one portal for multiple users.

Less than 1% of FHA single-family loans originated in June 2011 through May 2013 are 90 days or more past due.

Rising interest rates may trim issuance of commercial-mortgage bonds by $15 billion this year, according to Standard & Poor’s.

Recent gains in home prices are unsustainable, but “it’s premature to describe the market as being in a bubble” as home values remain below their pre-recession peaks and prices are expected to continue to rise this year, said Standard & Poor’s.

There is $2.41 trillion in outstanding commercial and multifamily real estate at the end of 1Q13, a decline of $4.9 billion from 4Q12, according to data compiled by the Mortgage Bankers Association.

Carver Bancorp Inc., New York had net income of $662 million for fiscal year 2013 and $687 million in 4Q13 as the company has rebounded from the real estate issues which impacted it during the downturn.

A leading credit union executive called on Congress this morning to exempt credit unions from new Qualified Mortgage rules that would generally bar them from making subprime and other risky mortgages.

ISGN CEO Ritesh Idnani explains how mortgage lenders should incorporate social media into their technology capabilities.

Prices of condominiums are starting to play catch up with single-family homes.

Is the bar set so low that investors must dictate to servicers what the minimums are and how to manage the very basic elements of our business?

First-time homebuyers, usually between 18 and 34 years old, prefer mortgage shopping through the web, to getting in their cars and driving to their banks to shop for a mortgage.

The new version of Ellie Mae's Encompass360 application includes over 200 new features, the Pleasanton, Calif.-based mortgage-software company said.

The Census Bureau reported that single family starts rose to a 599,000 seasonally adjusted annual rate in May from a 597,000 rate in April.

There have been five days of triple digit moves in the Dow Jones Industrial Average. Monday's market improvement included 13 Mortgage Industry Equity Composite Stocks.

As many communities throughout the country continue to recover from the housing crisis, Freddie Mac is trying its best to help as many distressed borrowers as possible avoid foreclosure.

When compared with May 2012, prices in California increased 32%, going to $417,350 from $316,460.

Fannie Mae and Freddie Mac have streamlined their refinancing requirements under the direction of the GSE regulator, but little has been done to ease restrictions on purchase mortgages.