Mortgages

Cornerstone Group Development Corporation has agreed to pay millions in damages and to provide Fair Housing Act compliance training to its employees.

A Senate budget resolution to reduce government spending over the next 10 years extends a 10 basis point fee on Fannie Mae and Freddie Mac loans for another two years.

The level of home equity held by America’s senior citizens is now at the highest level since the second quarter of 2009, a beneficiary of the recovery in the housing market.

Deutsche Bank and Bank of America Merrill Lynch will issue $710 million of CMBS notes backed by the fee interest in Worldwide Plaza, a 47-story office tower located at 825 Eighth Avenue in New York City.

The Federal Housing Administration single-family program is experiencing heavy prepayments, but more than half of the borrowers are refinancing back into FHA loans.

The Refinance Index decreased 8% from the previous week, while the seasonally adjusted Purchase Index decreased 4%.

Credit Suisse Group AG, Switzerland’s second-biggest bank, was sued by a clearinghouse for German cooperative banks over $138 million in residential mortgage-backed securities.

Walter Investment Management Corp. executives who made headlines for aggressively pursuing large pools of mortgage servicing rights over the past few years plan to remain equally active.

Optimum has a little twist involving its celebrity endorser.

Only five of the 17 Mortgage Industry Equity Composite member stocks closed higher on Tuesday.

U.S. agricultural banks increased farm and ranch lending by 13.9%, or $10 billion, in 2012.

Consumer credit quality remains healthy through the end of February as all rate categories tracked by S&P/Experian decreased on an annual basis.

The decline in fourth-quarter income was due to fair value adjustments on loans held for sale plus the severance payment to its former CEO.

Could opting out of receiving credit card solicitations increase someone’s credit score?

Rebuilding Together and AARP have formed a partnership to help older homeowners live in safer properties for a longer period of time.

Several industry solution providers have led the pack in advancing the quality and availability of mortgage data, analytics and compliance.

We're hearing that some in the mortgage industry are finding recent legal developments are further complicating and even potentially changing business decisions involving sales of nonperforming loans from the private-label residential mortgage-backed securities market.

GSE seller/services refinanced 1.1 million high LTV loans under the Home Affordable Refinance Program in 2012.

Rep. Keith Ellison said the savings from his proposal would fund the National Housing Trust Fund, Section 8 rental assistance and low-income housing tax credits.

Citigroup is among the Wall Street firms still dealing with the fallout from the financial crisis, when the bank almost collapsed amid losses tied to subprime mortgages and took a $45 billion bailout.