Mortgages

Single-family home sales in Florida increased 9% in March over the same month last year while pending sales increased 23%.

Five Ten Capital closed a $100 million financing facility with Deutsche Bank that is backed by mortgages on rental homes.

Regulatory oversight continues to be a top issue facing the origination industry in industry recruiting firm Hammerhouse’s latest annual survey of active participants in that market.

President Obama’s budget includes the possibility of a $943 million bailout of the Federal Housing Administration and its Mortgage Insurance Premium Fund.

Oregon District Judge Michael W. Mosman sentenced Tu Ngoc Tran of Portland to 63 months in prison following his conviction in a jury trial on drug and mortgage fraud charges.

We're hearing the word optimism can be used in the same sentence as “mortgage servicing rights” again.

Navy Federal Credit Union is pushing its proprietary Home Buyers Choice Mortgage, a 100% loan-to-value ratio mortgage program with no private mortgage insurance required.

Moody's Investors Service, Kroll and Fitch have assigned their respective top expected/preliminary ratings to four classes of residential mortgage-backed securities issued by Sequoia Mortgage Trust 2013-6.

Sales of previously owned homes slipped 0.6% in March from February as the supply of homes on the market edged up for the second month in the row.

Home sales in Illinois increased almost 14% in March compared with the same month in 2012, while median prices increased nearly 4%.

Fitch is registering some concern about what it describes as a “very rapid rise” in the number of U.S. large-loan commercial mortgage-backed securities deals in recent months.

Homebuilder NVR Inc. reported higher sales and new orders in the first quarter along with a 40% jump in mortgage banking income from year ago.

A former employee of a New Jersey timeshare consulting firm has pleaded guilty to separate mortgage and unemployment scams.

Housing counseling agencies have long been known for their ability to provide solid advice on alternatives, rental options, credit repairs and a range of other topics, including reverse mortgages.

This enforcement action serves as an important lesson to lenders who enter into marketing agreements with builders, title companies and Realtors.

Some mortgage technology and software providers are seeing increased demand for Software as a Service solutions in the foreclosure-to-rent marketplace.

JPMorgan will issue $505 million of notes backed by the beneficial interests in a pool of four commercial mortgage loans backed by 82 properties.

Only two of the 17 Mortgage Industry Equity Composite stocks closed lower on Friday.

The National Multi Housing Council’s equity financing index remained at 56, unchanged from the previous two quarters.

The California National Mortgage Settlement Grant Program will provide $9.4 million to 21 organizations to assist state residents affected by the foreclosure crisis.