Mortgages

The New York Department of Financial Services alleged the force-placed insurers competed for business from banks and mortgage servicers by offering them a share of the profits, instead of lower prices.

Old Republic Title and the regional underwriters as a group continued to grab market share away from the other three national underwriters.

Citibank has opened its first smart banking technology flagship branch on the West Coast in the Westwood section of Los Angeles.

April was the best month of 2013 so far and the best month since last October in terms of new insurance written for the members of the Mortgage Insurance Cos. of America.

Creditor payments to brokers will count toward the cap in the Consumer Financial Protection Bureau’s qualified mortgage definition.

The Federal Housing Administration is expediting its REO sales via an expanded pilot program with 11 participating servicers.

EverBank has a second jumbo securitization in the works backed by $303 million in 15- and 30-year loans.

Each state has a single source to go to where it can look to check the list of nonfilers and send out form letters that can cause your license to be suspended.

The Mortgage Industry Equity Composite had 13 gainers, three decliners and one stock unchanged on Thursday.

PacTrust Bank, which has been expanding its mortgage business in recent weeks to include warehouse lending and correspondent aggregation channels, has been approved to be a Ginnie Mae mortgage-backed securities issuer.

Bank of America Corp. must face a lawsuit filed by a mortgage-bond trustee that seeks the repurchase of home loans backing $1.75 billion of securities, a judge ruled.

A total of 190,121 housing units in foreclosure or REO were sold in 1Q13, down 18% from the prior quarter and a 22% drop from a year ago.

Fitch Ratings believes the recent home price gains recorded in several residential markets are outpacing improvements in fundamentals and could stall or possibly reverse.

A $32 million U.S. Department of Housing and Urban Development grant will be invested in affordable housing for more than 1,300 extremely low-income persons and families living with HIV/AIDS.

Redwood Trust Wednesday filed a registration statement with the Securities and Exchange Commission for its eighth jumbo mortgage securitization of the year.

California's Department of Insurance recently served a cease-and-desist order on a company that it alleged was engaged in the business of title insurance without a license.

The original poster comments that rates have risen 62.5 basis points in 30 days.

At least one insider finds the anticipated extension of the Home Affordable Refinance Program “may not be as bad” as expected for the residential mortgage market.

There are now less than $70 billion of commercial mortgage-backed securities loans in special servicing, the lowest number since 2009 and less than 10% of the entire CMBS universe, Fitch Ratings said.