Mortgages

It is becoming increasingly evident that mortgage servicing organizations—from servicers to default servicing law firms and their vendors—will not be viable if they don't evolve.

The National Association of Realtors’ leading indicator of future existing home sales rose 4.5% in January to the highest level in nearly three years.

Mortgage lending standards are very tight today and the newly finalized qualified mortgage rule is not designed to make it tighter.

Mortgage lender and servicer New American Funding has chosen Ellie Mae’s mortgage management system.

Like bartenders and psychologists, distressed debt servicers spend the day listening to people’s problems.

Mortgage application volume declined for the third consecutive week, but one observer seems not to be concerned.

The Manor Six Forks apartment complex in Raleigh, owned by WM Six Forks LLC, is being sold at auction after liquidation terms were agreed to with the U.S. Bankruptcy Court.

While the Bipartisan Housing Commission produced a long-range plan for reshaping the housing finance system, it also called attention to more immediate issues that need to be addressed by regulators.

A former member of the rock band KISS is facing mortgage trouble on his upstate New York home.

Supported by good news involving new home sales, the stock market rallied with 14 of the 17 member stocks of the Mortgage Industry Equity Composite ending the day ahead of their Monday close.

Real Estate Mortgage Network’s chief executive said he had his best year in the mortgage industry in 2012, but believes that 2013 could be even better. Credit: ThinkStock.

Beech Street Capital closed a $15 million Fannie Mae delegated underwriting and servicing loan to refinance a Texas apartment portfolio.

The uncertainty regarding Italy following parliamentary elections is being cited by an executive at Zillow Mortgage Marketplace for the six basis point decline in the 30-year fixed-rate mortgage compared with last week.

NewDay USA has established a tax-exempt private foundation to provide grants and charitable contributions to nonprofit organizations that support veterans, active-duty service members and military families.

Sen. Bob Corker released a statement downplaying an earlier report suggesting the lawmaker is "angling to broker a compromise" with President Obama over the confirmation of Richard Cordray as director of the Consumer Financial Protection Bureau.

Home equity lending remains miles away from returning to growth mode.

Community bankers have long harbored concerns about fair lending laws, but the Consumer Financial Protection Bureau's enforcement potential has executives flat-out spooked.

Herman Thordsen has put up a post about the new California foreclosure laws.

Bliss Sawyer created a marketing piece to use when she speaks at the local Board of Realtors.