Mortgages

Deutsche Bank AG sued Mexican real estate developer Urbi Desarrollos Urbanos SAB in New York for $61.1 million for defaulting on loans.

There were nine gainers and eight decliners in the Mortgage Industry Equity Composite on Thursday.

The effects of discontinued operations resulted in Impac Mortgage Holdings reporting a 1Q13 loss of $738,000, compared with a 1Q12 loss of $4.8 million.

PennyMac Financial Services’ Class A shares at the end of their first trading day on the New York Stock Exchange Thursday were up $1 at $19 per share.

Timothy Shannahan became the fourth person to admit conspiring with Kathryn Sylvester, the former CEO of Sylvester Financial Inc., to commit mortgage fraud.

Mortgage Grapevine poster UpstateMortgageGuy is asking how can someone close loans for professionals like doctors and teachers who are not getting paid during the summer.

The shortage of homes for sale is one of the main reasons why metropolitan area median home prices continued to rise in the first quarter.

First-quarter earnings confirm that recent mortgage servicing portfolio purchases already have and will continue to strengthen the financial performance of Walter Investment Management Corp.

Steve Eisman, who rose to fame betting against subprime mortgages, said investors should buy shares of homebuilders, land and mortgage lenders as the U.S. housing market improves.

The Federal Reserve said some mortgage borrowers who were insufficiently paid as part of a settlement will be sent supplemental checks next week.

A judge narrowed a $1 billion lawsuit by the U.S. against Bank of America Corp. over mortgages the bank and its Countrywide unit sold to Fannie Mae and Freddie Mac.

Potential homebuyers might be ill-prepared for the mortgage process, as they answered basic questions wrong nearly 33% of the time.

Small banks are turning to the Federal Agricultural Mortgage Corp.—better known as Farmer Mac—for lending to agricultural borrowers at interest rates that match those offered by Farm Credit lenders.

Average weekly rates for fixed-rate mortgages in Freddie Mac’s latest survey reversed course and rose after six weeks of declines.

Foreclosure activity in April fell to its lowest level in approximately six years, showing signs that a housing recovery is in full effect.

Fannie Mae is preparing to the cut a dividend check to the U.S. Treasury for $59.4 billion due to its decision to recognize deferred tax assets that have been sitting on the GSE’s books since it was placed in conservatorship.

Barclays’ analysts are urging investors to not miss out on the benefits of risk-sharing agency financing rules.

Bank of Lancaster has opened its first stand-alone mortgage loan production office.

We're hearing there is a discipline that is completely lacking in the mortgage industry.

With that in mind, here is a Realtor marketing plan that one of my coaching clients recently shared with me.