Mortgages

On May 8, four men were convicted in a California court of defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services.

As a result of the new qualified mortgage rule from the Consumer Financial Protection Bureau, nearly half (44%) of credit unions in a survey indicated they will cease originations of non-qualified mortgages, while another 44% will reduce originations.

The National Association of Realtors is projecting that existing home sales will rise 16% from 2012 to 5 million this year.

The Federal Savings Bank, which is owned and operated by military veterans, has opened its Northeast flagship loan production office in Manhattan.

News about the flood-tested endurance of a structure in the Chicago area is music to the ears of everyone who has witnessed any of the super storms that keep hitting our shores.

Most stocks in this publication’s Mortgage Industry Equity Composite lost some value during the day, with five exceptions.

When it comes to counseling consumers on their financial health, home buying or home retention, an effective client management system can help with that process that takes place following an initial counseling session.

Federal regulators have agreed to soften a rule intended to rein in the banking industry’s domination of a risky market.

Concordia Bank & Trust, with assistance from the Federal Home Loan Bank of Dallas, has provided a SNAP grant to a Mississippi senior citizen who needed a new roof for her home that was built more than 130 years ago.

NewDay USA, a lender that specializes in originating VA, FHA and reverse mortgage loans, has completed the move of their company headquarters to a new building in Fulton, Md.

Data integrity is a key focus in quality control when it comes to getting a loan closed both efficiently and accurately in line with compliance.

A study suggests the prospect of 2.1 million additional homeowners by 2020 should be a plausible reason for legislators to work harder on a comprehensive benchmark immigration reform.

A commercial real estate market recovery combined with fresh demand for apartments and office properties continue to push commercial property price indices up and commercial mortgage-backed securities default rates down.

Low yields and the short-term impact of a strategy shift involving its departure from an origination channel weighed on Pacific Mercantile Bancorp in the first quarter.

William Lyon Homes, a builder that emerged from bankruptcy last year, fell in New York trading after raising $217.5 million in a public stock offering.

A temporary worker for PHH Corp. potentially gained access to employees' personal information, including Social Security numbers and dates of birth.

House prices rebounded in 2012 as seven out of every 10 metro areas posted significant gains. But price appreciation will be more modest in 2013.

Margin compression once again overpowered loan growth in the first quarter, sapping banks’ traditional source of revenue.

In almost two-thirds of metropolitans throughout the country, buying a home is a better financial decision than renting for consumers who plan to live in the property for at least three years.

Signs of stronger consumer spending pushed rate-indicative bond yields and primary market mortgage rates higher on average during the week ending May 16.