Mortgages

KB Home has taken its relationship with Nationstar Mortgage to the next level, forming a joint venture mortgage banker company to be called Home Community Mortgage.

A title company owner was sentenced to two years in prison for wire fraud in connection with a scheme to use over $1.5 million in mortgage closing funds for her personal use.

Fannie Mae’s final numbers for multifamily securities issuance backed by new loans during the fourth quarter of 2012 are in, and top $10 billion for the period.

Sen. Bob Corker is urging federal regulators working on the qualified residential mortgage rule to keep it simple and make the QRM rule very similar to the qualified mortgage rule.

The wholesale channel is regaining market share and that should be the case in 2013.

We're hearing the qualified mortgage rule is going to hurt the private jumbo loan market.

New Harris Poll data is consistent with the consumer sentiment entering 2012.

SunTrust Banks Inc. reported $241 million of mortgage production income for 4Q12, compared with losses of $64 million for 3Q12 and $62 million for 4Q11.

The Consumer Financial Protection Bureau dropped the idea of requiring lenders to disclose what a loan would cost without any upfront points and fees.

First American Mortgage Services has implemented Platinum Data’s RealView and Collateral Expert.

A mortgage loan officer posted on Mortgage Grapevine that he or she was due a bonus as part of compensation from their employer at yearend.

How do you distinguish between a BPO that only looks like a high-performance vehicle and one that actually performs that well?

Beyond size, a financial institution's likelihood of receiving a visit from the Consumer Financial Protection Bureau can be predicted by the type and nature of their business.

Early predictions from three different sources are very bullish on housing, with the head of real estate broker Re/Max going as far to say that 2013 will be the best in many years.

Lenders must provide mortgage applicants with free copies of all appraisals and other home-value estimates before the loan closing.

Banks were initially slow to sell nonperforming loans in the wake of the downturn.

The new ability to electronically sign the Internal Revenue Service’s 4506-T form is expected to both improve quality control and efficiency by reducing rejection rates.

The Consumer Financial Protection Bureau has given borrowers the right to sue their servicers for not complying with the loss mitigation requirements outlined in a new servicing rule.

The Consumer Financial Protection Bureau’s new mortgage servicing rules were created to protect homeowners who are at risk of foreclosure, but one nonprofit fair housing organization thinks more could be done by the government agency.

The Consumer Financial Protection Bureau's new mortgage servicing rules may force some servicers to exit the business altogether or simply outsource servicing of defaulted loans to third parties.