Mortgages

The average consumer rate for a 30-year fixed rate mortgage rose for the sixth straight week in Freddie Mac’s survey, nearing 4%.

During May, there were 148,054 U.S. properties with a foreclosure filing, up 2% from the prior month, but still down 28% compared to May 2012.

The Amherst Securities Group expects to see a significant drop in loan modifications over the next 12 months due in part to rising house prices and lower re-defaults on modifications.

Investors had a strong negative reaction to Newcastle Investment Corp. in the wake of the real estate investment trust’s upsizing and pricing of its public offering of 35 million shares of its common stock.

Only two of the 17 Mortgage Industry Equity Composite members closed higher on Wednesday, another down day for the markets as a whole.

Although 19.8% of all residential properties with a mortgage still were in negative equity positions during the first quarter, this represented a decline from 21.7% at the end of the fourth quarter of 2012.

Just because you do not like the answer from your loan officer does not mean that the answer is wrong.

Accelerate banking caters to Generation X focusing on a mindset aligned with the demands of new entrepreneurs looking for untraditional, stronger banking relationships and faster decision-making opportunities.

A study found that real estate agents and rental housing providers recommend and show fewer available homes to minority families than equally qualified whites.

The House of Representatives has passed a bill to give the Federal Housing Administration new powers to regulate its reverse mortgage program via mortgagee letter.

Mortgage lender loanDepot.com LLC has opened its co-headquarters office in the Dallas suburb of Plano.

Ohio nonbank, hard money lender and real estate investing company JEM Real Estate Partners has chosen Applied Business Software’s servicing technology to manage its growing commercial rehab loan portfolio.

The former president and chief executive officer of U.S. Mortgage, a loan servicing company based in Nevada, pleaded guilty for his role in a scheme to defraud Wells Fargo of more than $8 million.

The Federal Housing Finance Agency reported Wednesday morning that 294,300 HARP refinancings were completed in the first quarter, compared to 297,460 in the fourth quarter of 2012.

Lennar Corp. received an increase in its unsecured revolving credit facility to $950 million, plus it was able to extend the maturity date to June 2017.

Moody's once again affirmed the servicer quality of Bank of America, N.A. at average despite ongoing measures taken to improve servicing performance.

The end of the refinancing boom is likely to prompt to a wave of consolidation among mortgage lenders because there is simply not enough purchase business to go around.

The unadjusted Refinance Index was up 5% while the seasonally adjusted Purchase index also increased 5%.

For successful mortgage originators, going in person to meet clients, instead of hiding behind email and social media, can make the difference between closing a sale or going back to the office frustrated.

JPMorgan Chase & Co. chairman and chief executive Jamie Dimon told investors Tuesday afternoon that he likes the mortgage business and the servicing side is improving.