Mortgages

Gary Delgado learned last week from a note slipped under his door that the rent for his two-bedroom apartment at Manhattan’s Stuyvesant Town will jump by $920 to $4,220 a month in July.

One poster says that brokers should expect wholesalers to trim the number of originators they have approved.

Ellington Management Group is looking to get into the loan production business and towards that end it has hired former GMAC Mortgage executive Steven Abreu as head of mortgage originations.

Home Loan Servicing Solutions completed an acquisition from Ocwen Financial Corp. of rights to receive servicing fees and other advances on subprime and alt-A residential mortgage loans.

Lender Processing Services has had a turbulent couple of years since the beginning of the robo-signing scandal from 2010 to the present day that included lawsuits, a consent order and several settlements of charges. The robo-signing allegations involved an LPS unit that allegedly created bogus mortgage assignments so that foreclosures may be processed more quickly and efficiently.

New Residential Investment Corp. has invested $38 million to acquire certain cash-flow privileges from mortgage servicing rights recently acquired by Nationstar Mortgage.

Home prices jumped 1.3% from February to March as the spring home buying season got off to a good start.

Potential homebuyers are worried about the inventory shortage and rising prices in regards to current market conditions.

New home sales rose 2.3% in April following an upward revision in March sales and prices rose at a fast pace.

Under the settlement, Ally will pay $1.95 billion in cash to the ResCap bankruptcy estate, plus $150 million in insurance proceeds.

Pending home sales in California fell 3.7% on a month-to-month basis in April.

Despite the national negative equity rate falling through the first quarter of 2013, millions of homeowners with mortgages that are not underwater still lack enough equity even if they wanted to move.

Long-term mortgage rates rose further during the week ending May 23.

Freddie Mac is starting to securitize modified single-family loans.

Toll Brothers is finding more buyers for jumbo loans, including a major insurance company.

The images from Moore, Okla., show only a glimpse of the damage to that city and its residents.

Quandis’ valuation system is completely Web-based and enables asset management outsourcers to manage the placement, receipt, distribution, processing and automatic delivery of broker price opinion orders in one automated platform.

These can be just random speed bumps that arise and can be easily avoided or serious pot holes that could detour your transactions.

Of the 17 Mortgage Industry Equity Composite members, 15 closed lower and 13 had a loss of greater than 1%.

FeatherStone Investment Group has begun underwriting and structuring its first rental income securitization.