Mortgages

In the 23 years I’ve been following the mortgage finance industry, many proposals have been made to scale back or even eliminate the mortgage interest deduction.

Ally Bank has sold its correspondent and wholesale mortgage production operations to Walter Investment Management Corp.

Homebuilder confidence slipped a notch in February as concerns about rising lumber prices, labor costs and land availability seem to be rising.

Numbers will be used as proof of lender discriminatory acts under new Department of Housing and Urban Development rule.

Home Affordable Refinance Program refinancings rebounded 42% in November from the prior month as GSE seller/servicers refinanced 129,550 Fannie Mae and Freddie Mac loans with LTVs above 80%.

Equal Justice Works was provided with a grant to fund four legal fellows to work in two Illinois cities to assist distressed homeowners at risk of foreclosure.

The law firm of Keefe Roberts & Associates has agreed to partner with Shapiro & Kreisman LLC and be part of the LOGS Network.

Lender Processing Services has entered into a non-prosecution agreement with the Department of Justice that resolves inquiries made by the U.S. attorney's office for the Middle District of Florida.

Starting in February the Lenders One national alliance will have a preferred vendor to Motivity Solutions technology.

Retreat Capital Management is focusing on how to differentiate compliance software for small- and large-size mortgage servicers.

We're hearing that an Oregon pilot program might be the model the Treasury Department has been looking for to refinance borrowers who are trapped in underwater private-label loans.

Michael Roth of Elevations Credit Union sees the institution as a differentiator in his marketplace.

The Orion Financial Group has partnered with Lenders Title Solutions to introduce a one-stop platform that streamlines settlement services for small- to medium-size investors.

Plaza Home Mortgage raised nearly $100,000 for Susan G. Komen for the Cure during its month-long campaign in October.

The downgrades are due primarily to higher expected realized and anticipated losses from specially serviced and troubled loans.

MRG Document Technologies has developed legal compliance technology support software that addresses today’s “ever more complex” mortgage servicing policies and procedures.

Investors were a lot happier with Ellie Mae once they learned about the company’s results and management change.

An originator posting on the Mortgage Grapevine is asking how many files per month his processor should be handling.

Delinquencies on U.S. commercial real estate loan collateralized debt obligations fell for the second consecutive month.