Mortgages

A dispute between a REIT, a healthcare corporation, two nonprofits and the Tennessee attorney general has been resolved resulting in approximately $40 million for charitable purposes within the state.

The improvement in pending home sales is one of the main reasons the stock market gained ground on Monday.

Worries over fraud, as well as the Consumer Financial Protection Bureau holding lenders responsible for the actions of the third parties they use, is what is behind programs to vet title agents.

First, does the individual or company have a plan to meet their goals?

The two New York-based banks will pay $247 million to almost 224,000 borrowers.

Greystone has provided a total of $28 million in bridge loan financing to United Group of Cos. Inc. for two market rate senior apartment communities located in New York and Georgia.

The Department of Housing and Urban Development has approved New Jersey’s $1.83 billion Hurricane Sandy recovery action plan.

The current owner of an investment property in the Tampa area has posted on the Mortgage Grapevine looking for financing options for the person who is purchasing the property.

While the final loan officer compensation rule is relatively "favorable" compared to earlier versions, originators should still use care in exercising some of the new improvements to it that give them a little more leeway.

The National Association of Independent Housing Professionals continues to press for a bipartisan effort to replace the interim final rule on appraiser independence.

A federal receiver has hired GA Keen Realty Advisors to market a 48,250 square-foot office building in Cedar Falls, Iowa.

We’re hearing signs of a housing recovery have been sighted along the road for quite a while now.

In Mary Armstrong’s plea, she admitted that the straw buyers defaulted on the loans, resulting in lenders and secondary purchasers such as Fannie Mae and Freddie Mac to suffer losses of up to $20 million.

Lender Processing Services’ February Home Price Index increased 1% over January but over 7% when compared with February 2012.

HomeStreet said its net gain on mortgage loan origination and sales activities in the first quarter was $54 million, down 22% from $69 million in 4Q12 but up 83% from nearly $30 million for 1Q12.

Capital Trust Inc. will be changing its name to Blackstone Mortgage Trust Inc. on May 6.

The National Association of Realtors’ leading indicator of future existing home sales increased in March, but contract activity in recent months is only improving modestly.

The banks object to a consolidation, saying each of the cases has separate claims, defendants, originators, disclosures, loans and evidence.

While lenders will be scrambling to meet the deadlines, the Consumer Financial Protection Bureau faces its own challenges in implementing rules throughout this year.