Mortgages

A Mortgage Grapevine poster, a former originator who now does real estate sales, is asking why no one is doing or even discussing assumable conventional loans.

The Consumer Financial Protection Bureau has clarified an important aspect of its servicing rule that provides a limited exemption for small banks.

While praising the mortgage industry for the promising amount of customer relief delivered so far, Joseph A. Smith Jr., monitor of the national mortgage settlement has three specific concerns in his 2013 agenda.

For the first time in 10 months, there has been an increase in delinquencies in the loans which are part of commercial mortgage-backed securities.

In a few years, the commercial Property Assessed Clean Energy program could have enough California volume to bundle the bonds for public sale.

Wells Fargo’s mortgage volume fell in consecutive three-month periods during the fourth quarter, but its mortgage banking income increased.

Since the final loan officer compensation rule came out, many have been trying to figure out who exactly is considered an “originator.”

Michigan’s 6th Circuit Court ruling on Conlin v. Mortgage Electronic Registration Systems establishes a precedent insiders see as a small victory for lenders and servicers.

Washington and Los Angeles are the two markets that Redfin feels are right now most vulnerable to another housing bubble.

The mortgage banking operation at JPMorgan Chase reported first-quarter net income of $673 million.

Fannie Mae will be sending out first loan file requests in June under its new data review procedures for loans originated after Dec. 31.

The Office of the Comptroller of the Currency is asking lawmakers to expand its authority to take enforcement actions against independent contractors that it requires banks to hire.

Starwood Property Trust is the lead on a group of lenders which is funding a $475 million construction loan to Related Cos. and Oxford Property Group to build the first tower of the Hudson Yards Project on the West Side of Manhattan.

Of the 17 Mortgage Industry Equity Composite stocks, eight went up, eight declined and one was unchanged.

Carrington Mortgage Services has hired 14 account executives for its wholesale lending division as part of its efforts to expand both product and market reach.

A loan originator posts on the Mortgage Grapevine that even though he or she is in California, the company this person works for only has them licensed to originate loans in Florida.

American Realty Capital Properties has withdrawn its $9.7 billion proposal, including assumption of debt, to acquire Cole Credit Property Trust III.

Jurors in a Riverside County, Calif., courtroom convicted Hendrix Montecastro and his mother, Helen Pedrino, on hundreds of felony charges.

We're hearing about remorse mortgages. I mean reverse mortgages.