Mortgages

Fannie Mae is carrying its big stick once again and this time servicers and others in the mortgage industry had better be ready to duck.

Lender Processing Services has launched its Workout Interaction Tool.

Richard Cordray has pointed out that originating loans that exhibit strong performance over time should not run afoul of the qualified mortgage rule that goes into effect in January.

The message: "Let me help you grow your business."

At the end of the day, the debate over the future of the Federal Housing Administration, Fannie Mae and Freddie Mac boils down to one question: What is the appropriate role for government in housing finance?

The mortgage purchase programs developed by the Federal Home Loan Banks have performed better than the loans Fannie Mae and Freddie Mac purchased during the housing boom.

Ancillary service providers are looking to help their mortgage origination clients with strategies for them to improve their volume going forward in 2013.

Private mortgage insurers MGIC Investment Corp. and Radian Group Inc. continued their bullish run.

We're hearing some institutional investors like a home equity sharing product that serves as a partial downpayment for consumers in return for a share of the home’s appreciation over time.

One company has assigned its highest expected investment grade rating to three classes of a single-asset commercial mortgage-backed securitization.

Lender Processing Services has agreed to pay $14 million to settle claims the company deceived investors about its business practices.

To better serve the needs of homeowners in New York SafeGuard Credit Counseling Services is using the IndiSoft RxOffice Premium Counselor Edition platform.

Prudential California Realty has been selected as the first member of the RealtyTrac Network, a licensed network available to independent and franchised brokerage companies across the country.

GTJ Consulting decided to utilize SecureView on all of the vacant firehouses to not only help the properties sell for a high price, but also avoid blighting the affected neighborhood.

A loan officer has posted on the Mortgage Grapevine that they are looking for a $900,000 loan with a 60% loan-to-value ratio for a purchase of an owner-occupied property.

1st Mariner Bancorp saw its mortgage origination volume increase 56% in the first quarter on a year-over-year basis.

Carrington Mortgage Services added Jeff Gillis as senior vice president of operations and promoted Mariano Demarin to national sales director for its retail lending division.

Wells Fargo has upgraded to $3.2 million a fund designated to compensate African-American and Hispanic borrowers in Philadelphia who allegedly suffered from predatory lending practices.

National housing affordability remained near historic highs through the first quarter.

The House Financial Services Committee will roll out a bill to scale back the Federal Housing Administration single-family program in the “next month or so.”