Mortgages

The Federal Home Loan Bank of Boston awarded Leominster CU a $150,000 Equity Builder grant to help low-income residents make downpayments and pay closing costs on a mortgage.

First American Financial Corp. said that Mark Oman has been appointed to the company’s board of directors.

CampusMBA has restructured its School of Mortgage Servicing courses introducing a more updated and cost-effective online format.

Servicers completed 54,000 foreclosures in February, down 7% from January and down 19% from a year ago.

In its first-ever U.S. foreclosure inventory analysis, RealtyTrac said nearly 1.5 million properties were actively in the foreclosure process or bank-owned in the first quarter of 2013.

U.K. house prices were little changed in March, according to Nationwide Building Society, which said the outlook is “unusually uncertain.”

Housing markets hit hardest by the most recent financial downturn are experiencing a quicker pricing recovery than the rest of the country.

History has demonstrated that mankind was only able to evolve and advance by developing the ability to communicate with others, to work together to achieve common goals to the benefit of all.

You know the type: The originator who wakes up each morning with absolutely no idea what he's going to do for the day or from where his next loan will come. The originator starts the morning daydreaming about what’s to come over the weekend, or what could happen if he or she were to suddenly have a booming pipeline of business.

Sao Paulo-based Cetip has been working with FNC on collateral management automation for the Brazilian mortgage industry.

A borrower living on a 10-acre property with a good credit score, loan-to-value below 50% and good reserves wants to do a refinance.

Bradford Technologies has launched a new version of one of its automated products.

MidFlorida Credit Union in Orlando is the latest credit union to add Shastic’s social loan calculator for Facebook, known as Calcubot.

It’s a good time to be a special servicer.

Examining some details of regulatory changes related to loan officer compensation, and escrow requirements for higher priced mortgage loans.

The Office of the Comptroller of the Currency reported a significant reduction in the number of foreclosure starts in the fourth quarter by the major banks it supervises.

Home price appreciation patterns across the country continue to support incessant housing market improvement expectations during 2013.

GSO Capital Partners will make available up to $150 million as part of a land banking arrangement.

JPMorgan Securities and Deutsche Bank are working on a $285 million commercial mortgage-backed securities deal collateralized by the Hotel del Coronado in San Diego and the intellectual property rights associated with its brand name.

Carrington Property Services and LendingXpress have joined forces to help community banks and credit unions manage bank-owned assets within their portfolios.