Mortgages

Fixed mortgage rates climbed for the fifth consecutive week in Freddie Mac’s latest survey.

The completion of the foreclosure process in judicial states rose to their highest point in two years, contributing to an overall decline in foreclosure inventories nationwide.

Wells Fargo also made a commitment to invest $39 million in 45 communities to provide support for neighborhood stabilization, property rehabilitation and housing development.

The Scottsdale, Ariz.-based landlord, which began buying foreclosed homes and converting them into rentals last year, had planned to raise as much as $260 million in an IPO this week.

With the housing market recovering, Wells Fargo plans to ramp up the marketing of a credit card that allows customers to use reward points to pay down their mortgage.

One company sold a package of fixed-rate and agency-backed MBS. It then parked the proceeds into variable-rate mortgage securities.

Residential sales and construction activity increased at a moderate to strong pace in all 12 Federal Reserve Bank districts since the last Beige Book was issued in early April.

Inherent market risks are not stopping real estate owners from choosing to operate as niche real estate investment trusts, according to Fitch Ratings.

Once a real estate agent gets a short sale offer on a Fannie Mae REO property, the GSE wants to see a copy right away to help expedite processing.

The Dow falls under 15,000 and most mortgage stocks close lower as well.

Mortgage Grapevine poster Eminem has a borrower with a tough problem regarding sources of income.

Bliss Sawyer discusses her morning routine and her new white board.

Fannie Mae’s SMDU is a technology platform that provides servicers with real-time decisions on mortgage loan modifications and other solutions for homeowners with payment challenges.

Massachusetts foreclosure activity through April remained at levels dramatically lower than those recorded last year.

First Guaranty Mortgage Corp. has created a division in its third-party originator group to focus on producing Department of Agriculture Rural Housing program mortgages.

We're hearing that some folks enjoy my creative use of metaphors in my weekly columns, which at least proves that some mortgage bankers have a sense of humor even as times get tough.

The Federal Housing Administration is currently reviewing all single-family loans that default during the first 24 months.

Envoy Mortgage, currently engaged in enhancing and restructuring its mortgage banking capabilities, is choosing in-house servicing over subservicing.

Customer advocacy groups recently targeted Bank of America and JPMorgan Chase headquarters during annual shareholder board meetings to protest against mortgage lending discrimination and abusive foreclosure practices.

Radian Guaranty reports it did $4.56 billion of primary new insurance written in May, topping April’s $4.1 billion.