Mortgages

Stonegate Mortgage Corp., has added executives who previously worked for Two Harbors, Saxon, and WellPoint to its senior management team.

A report by a visiting professor at the New York Federal Reserve is reviving the debate over using government powers of eminent domain to seize mortgages of underwater homeowners to ease their debt.

During the month of May, 23,034 new and resale houses and condominiums sold in Los Angeles, Riverside, San Diego, San Bernardino, Ventura, and Orange counties.

There were 12 of 17 Mortgage Industry Equity Composite stocks whose closing price declined more than one percentage point on Tuesday.

Platinum Data Solutions hired Bill King as senior vice president, valuation solutions.

The massive waves of 2005-2007 residential mortgage-backed securities downgrades have finally calmed down a bit, thanks largely to housing improvement.

Condominium loans can be tough to do because of secondary market investor restrictions.

The answer is not as simple as most people think,

Mortgage Master, Walpole, Mass., is expanding its presence in the Greater Hartford, Conn., market by opening up an office in Simsbury.

The new Texas office, which officially opened on June 10, will employ 17 workers, including one supervisor and one manager.

Bank of America boosted home-loan volume 57% in the year through March by selling more products to existing customers.

CU/America Financial Services has signed with Scottsdale, Ariz.-based CU Realty Services to offer the company’s real estate program to credit unions throughout Illinois.

Amegy Mortgage Co., is now using Data Select’s Construction Loan Control System software for its construction loan portfolio, including for one-time close construction and lot loans.

The Community Mortgage Lenders of America is urging legislators to pass a bill that would exempt small lenders from the Basel III capital rules, Consumer Financial Protection Bureau servicing rules and other provisions of the Dodd-Frank Act.

Walter Investment Management Corp. has obtained a secured term loan for $200 million and borrowed the entire amount on June 6, a recent 8-k filing obtained via DisclosureNet.com reveals.

When a servicer has a high re-default rate on modified loans, Federal Housing Administration should be able to transfer the servicing to a better servicer, according to FHA commissioner Carol Galante.

The need for affordable housing funding is getting more critical, according to the president of the Federal Home Loan Bank of New York, especially lately when there are fewer and fewer funds from government for housing.

Deciding what types of renovations positively impact property values may not be as evident as it seems, according to the Appraisal Institute.

As the mortgage market changes from a refinance market to a purchase market over the next several months, a shift in fraud risk trends will take place during this time that lenders need to be aware of.

Recent publicity surrounding high-profile convictions involving foreclosure rescue scams may be obscuring some good news: the prevalence of this type of fraud seems to be waning.