Mortgages

2013 is the year the housing market will see even stronger recovery.

A poster on the Mortgage Grapevine is looking to help a friend who has an old Wachovia Pick-a-Pay loan get a modification.

It took two loan modifications to drive down the delinquency rate of securitized commercial mortgage loans in February and keep rolling a nine month trend of steady improvement.

The spring thaw has reached all the way down to the South Florida market, where construction lenders are once again starting to show an appetite for condominiums.

Citing fairness issues, three civil rights groups are calling for revisions of how the Federal Emergency Management Agency delivers housing assistance.

Consumers who were deceived by an operation where scammers posed as a government mortgage assistance program and charged an upfront fee for fraudulent mortgage relief services will soon be receiving reimbursement from this scheme.

Members of the Mortgage Insurance Cos. of America assisted in $8.8 billion of Home Affordable Refinance Program and other refinance workouts in the fourth quarter.

A decision last month by a federal appeals court may have profound effects on how borrowers and lenders approach rescission letters.

Talmer Bancorp hired Michael Maher as executive managing director and chief financial officer of mortgage banking.

Nationstar Mortgage Holdings was accused in a lawsuit of harming investors by auctioning home loans backing securities.

Mortgage companies cut their payrolls by 2,000 full-time employees in January after hiring 2,700 in December.

Freddie Mac purchased $43 billion in mortgage loans and securities in January, up 38% from the month prior.

MGIC Investment Corp. ended Thursday’s trading session down 12.48%, as investors reacted negatively to the pricing of the company’s equity and debt offerings.

The Eastridge Group of Staffing Cos. has launched its new division, RFS, short for real estate and financial staffing.

Michael Wilkerson recruited some of congregants to be straw buyers.

Genworth U.S. Mortgage Insurance has created a rate and comparison tool for loan officers.

A $324.4 million large-loan commercial mortgage-backed securities deal backed by a mall in Valley Stream, N.Y., is coming to market.

Radian Guaranty’s inventory of delinquent loans declined by 1,375 units in February.

Morgan Stanley asked a judge to dismiss a suit filed by MetLife Inc. over mortgage-backed securities, saying the insurer knew the U.S. housing market was starting to deteriorate before it bought most of them.

A broker has posted on the Mortgage Grapevine that they need hard-money financing for a property on the big island of Hawaii.