Mortgages

Red Mortgage Capital originated a $19.5 million refinance for the Oyster Bay Manor/Harbor House.

Prepayments on Home Affordable Refinance Program-eligible cohorts remained stable or slightly higher, but overall conventional bond speeds have dropped.

New American Mortgage LLC has changed its name to Movement Mortgage LLC.

Jason Madiedo will become the third mortgage banker ever to head up the National Association of Hispanic Real Estate Professionals.

A former Michigan Supreme Court Justice faces 30 years in a Federal prison.

A post on the Mortgage Grapevine asks if any loan officers have had problems with their prior employer.

Almost two-thirds of the conduit loans reaching their balloon date in January paid off on time.

New Jersey Community Capital was chosen by the U.S. Department of Housing and Urban Development to purchase 399 troubled mortgages in order to help homeowners avoid foreclosure.

The McCann Law Group is now utilizing IndiSoft’s RxOffice platform to handle a variety of cases across the country.

As servicers better adapt to new federal regulation, the foreclosure versus mortgage loan workout momentum is finally changing, opening the way for the nonconforming market to return.

Mortgage servicers may not be in the habit of courting real estate brokers when working on a short sale, but it may be worth their time to do so.

Mortgage Technology is pleased to begin accepting nominations for the 2013 Top 50 Service Providers. The final deadline for nominations will be 6 p.m. EST Thursday, March 7, 2013.

Holliday Fenoglio Fowler has received a National Seniors Housing Designation from Freddie Mac.

We're hearing that many in the industry think getting a purchase deal is the Holy Grail for sustainable business and the best way to generate consistent profits over time.

Congressional Democrats are urging President Obama to nominate a new GSE regulator to replace Federal Housing Finance Agency acting director Edward DeMarco.

PSM Holdings has received gross proceeds of $5.7 million from two private placement transactions involving preferred equity.

CBRE HMF Inc. is the first lender in the nation to finance two projects through the new Department of Housing and Urban Development's Low Income Housing Tax Credit pilot program.

The average rate for a 30-year fixed-rate mortgage remained stable at 3.53% in Freddie Mac’s latest weekly survey as other rates fell.

Nationstar Mortgage Holdings has purchased Equifax Settlement Services Holding, a provider of appraisal, title insurance and settlement services.

PennyMac Financial Services filed for a public offering of as much as $287.5 million.