Mortgages

On Friday, as the Dow Jones Industrial Average set a record, 14 of 17 mortgage stocks finished the week higher.

As a result of the sale, Signature Group Holdings will receive net proceeds of $18.9 million, resulting in a $3.8 million gain to be recognized in the second quarter.

KeyBank Real Estate Capital has agreed to purchase billions in commercial mortgage servicing rights from Bank of America, which will single handedly bring KeyBank’s CMBS servicing portfolio to the nation's top three.

The additional services that North County Property Group is now providing clients include a 10-point property marketing program, REO portfolio services, eviction services, and a referral program for cooperating real estate brokers and agents.

The Securities and Exchange Commission has charged the City of Harrisburg, Pa., for misleading investors about its financial health.

In a discussion led by attorney Joshua Stein (left), Bruce Batkin, president and CEO, Terra Capital Partners, said the commercial real estate market forecast is largely favorable.

In the post-crisis housing market appraisal reports are becoming as important as credit scores, requiring lenders and servicers to be more inventive with the tools they use to assess real estate value risks.

It appears that one of the chief enforcement tools of the Consumer Financial Protection Bureau is the use of the horizontal audit.

Now that Fannie Mae and Freddie Mac are profitable again and getting closer to paying back all the financial aid they received from Treasury, it is going to make it harder to pass far-reaching GSE reforms.

Industry leaders participated in a roundtable discussing the latest trends in mortgage fraud and what lenders and servicers can do to detect illegal loan applications they receiver from a borrower.

The California Association of Realtors said that in the first quarter only 44% of buyers could buy a median-priced existing single-family home in the state.

Farmer Mac reported first-quarter net income of $16.2 million, which is a decline from 1Q12’s $22.2 million.

A decline in foreclosures is correlating to rising home prices in many counties throughout the country.

The refinancing boom is stressing lender capacity, according to a Federal Reserve governor, and it provides a partial explanation for the low level of purchase-mortgage originations.

A real estate arm of KeyCorp has agreed to purchase more than $100 billion of servicing rights on commercial and multifamily loans from Bank of America.

If Washington does not continue to support tax policies that encourage housing, it could have disastrous consequences.

A former loan officer at Wilmington Trust in Delaware is facing jail time after pleading guilty this week to bank fraud.

CITBA Financial Corp. has agreed to merge with privately held Merchants Bancorp, the owner of multifamily mortgage lender P/R Mortgage & Investment Corp.

Market data including findings from various mortgage delinquency reports are simultaneously pointing to a housing market recovery and emanating uncertainty.

Mary Armstrong pled guilty to all five counts of an indictment charging her with wire fraud, money laundering and conspiracy.