Mortgages

Since Wells Fargo Home Mortgage introduced the Home Rebate CardSM program in 2007 homeowners have used their rewards to automatically pay down $50 million in mortgage principal balances.

The proceeds from Inland Real Estate Corp.’s public offering of 9 million shares of common stock will be used to pay down the draw on a line of credit tapped to fund the buyout of its partner in the IN Retail Fund LLC joint venture.

The National Association of Realtors leading indicator of future home sales edged up 0.3% in April after rising 1.5% in March.

Nationstar Mortgage and Nationstar Capital Corp. reported they intend to sell an aggregate principal amount of 6.5% in unsecured senior notes due 2022.

Allstate, the largest publicly traded U.S. home and auto insurer, sued Citigroup in State Supreme Court in Manhattan in 2011, along with banks including Deutsche Bank AG, Bank of America Corp. and Morgan Stanley.

William Pulte says the only way to truly save Detroit and get the housing market functioning properly again is to destroy large swaths of the city as quickly as possible.

Standard Pacific Mortgage Inc. is looking to sell $70 million per month of Fannie Mae and Ginnie Mae flow mortgage servicing rights.

Mortgage industry executives may be forgiven for thinking that housing bonds are starting to look like pass-through mortgage-backed securities. They are.

Fixed mortgage rate averages in Freddie Mac’s weekly survey have been rising, but they were below year ago rates until now.

The Obama administration has extended its signature loan modification program for two years to help more families avoid foreclosure.

The Consumer Finance Protection Bureau will allow small banks and credit unions to make balloon mortgages over the next two years even if they are not located in rural and underserved areas.

National Center for Policy Analysis senior fellow Pamela Villarreal, who authored the study, calls reverse mortgages complicated and expensive.

Retail originators and mortgage brokers won’t have to count the compensation they pay their loan officers towards the 3% points and fee cap, according to the Consumer Financial Protection Bureau.

Fears resurface that the Federal Reserve will end the stimulus program sooner rather than later.

We're hearing some people will tell you that there is plenty to fear in the modern mortgage lending business.

Prior to 2012 the scale of institutional involvement in acquiring single-family homes for the purpose of “rent and hold” was small to almost nonexistent. Things have certainly changed.

The offering is unusual because jumbo pools typically are not marketed nationally.

CO-OP Financial Services has lauched a new suite of mortgage offerings in partnership with LenderLive Network.

As foreclosures fall in many counties across the country through the end of April, home sales and prices are rising.

One trade group that understands the importance of developing technologies and strategies to protect mortgage lenders’ reputation from negative social media posts is the Independent Community Bankers Association of America.