Mortgages

In his first nine months as comptroller of the currency, Thomas Curry has had to deal with a community bank revolt against Basel III, policy heavyweights calling to break up the big banks, and a mortgage servicing settlement that had gone expensively off track.

For the week ended Jan. 18, total application volume was up 7%, according to the Mortgage Bankers Association.

House prices rose in November for the 10th straight month.

Despite the residential delinquency rate rising in December, the foreclosure presale inventory fell.

The number of mortgages in the process of foreclosure but with no resolution for all loan types improved during the first three quarters of 2012.

Compass Analytics has released a new product that comprises the company’s mortgage analytics suite.

The Treasury Department is considering ways to help underwater borrowers with private mortgages to refinance into a lower interest rate and reduce the risk of default.

Servicers need to pay more attention to changes in home prices and how they relate to delinquency rates.

While pending regulation and other government actions make trends a bit of a moving target, on a net basis they currently argue for a continued increase in subservicing work this year.

Mountain Real Estate Capital has recapitalized two of Land Tejas Companies’ active master planned communities in Houston allowing development to move to its next phase.

We're hearing there’s no easy way to get a high rating on an REO-to-rental securitization.

Taking different Realtor referral partners to lunch over a six business day period.

An originator has posted on the Mortgage Grapevine asking if it is possible to do a Federal Housing Administration streamline refinance with an open collection tradeline for a medical bill.

Over seven in ten commercial mortgages originated through a conduit which came due in 2012 and were still outstanding as of July 2011 paid off as scheduled.

Mortgage revenue at the four largest U.S. lenders is surpassing the costs of faulty home loans and foreclosures from the housing boom as Federal Reserve and government policies help fuel the recovery.

Continuous demand for cloud-based document imaging technology helped more than double Capsilon's revenue in 2012 and may lead to further growth this year.

National home values finished 2012 with the largest annual gain in six years since the peak of the housing bubble.

The National Association of Realtors reported that existing-home sale prices rose 6.3% during 2012 to $176,600.

NewDay USA will now be a correspondent purchaser of the Federal Housing Administration’s Home Equity Conversion Mortgage for Purchase program.

Hammerhouse forecasts consolidation due to dwindling refinancing but competitive demand for originators who can source purchases in 2013.