Mortgages

Today’s homebuyers are spending a higher percentage of their income on a property than they did during the pre-boom period.

Gleacher & Co. said it is closing its MBS and rates, and credit product businesses effective immediately.

Bank of America, Citigroup and JPMorgan Chase all flunked Fannie Mae's test of mortgage servicers, failing to meet even the minimum requirements for performance in 2012.

Applications for conventional purchase mortgages reached their highest point since October 2009.

Wells Fargo's home-loan unit has sold a portfolio of reverse-mortgage servicing rights to Walter Investment Management.

According to the Lender Processing Services Mortgage Monitor report, approximately 500,000 loans cured in February alone.

Fannie Mae and Freddie Mac seller/servicers completed nearly 97,600 Home Affordable Refinancing Program refinancings in January, up 28% from the prior month.

Nine of the 17 Mortgage Industry Equity Composite Stocks Ended Tuesday's trading lower.

Ron Johnson's failure at J.C. Penney does have a lesson for mortgage marketers.

Starwood Property Trust Inc. has priced a 26.5 million share offering of its common stock for gross proceeds of $732.5 million.

Fannie Mae started rating its servicers two years ago and not one has reached the level of performance to be considered a five-star servicer.

Phillips Edison-ARC Shopping Center REIT has acquired a portfolio of two retail real estate assets in Florida.

Hudson Realty Capital has funded a $16 million first-mortgage loan for a newly constructed, vacant multifamily property in Brooklyn.

Detroit has been on the decline for decades thanks to plummeting property values, lost jobs and crime.

For the eighth straight quarter, overall median sales price in Miami-Dade County has gone up year-over-year.

It's a common refrain: credit unions need to build relationships with Realtors to improve their purchase mortgage business.

Value Services LLC changed its name to reflect its renewed focus on residential and commercial property appraisal services.

A marketing company is looking for someone it could send hard-money loan leads to after its relationship with another party ended.

The return to a purchase market will not be easy for many lenders.

The first challenge brought with new the Home Ownership and Equity Protection Act is that we are potentially stuck with a broker comp double-count rule.