Mortgages

Bank of America has entered into a $10.3 billion settlement with Fannie Mae to resolve repurchase issues involving nearly $300 billion in mortgages that B of A and Countrywide sold to the GSE from 2000 through 2008.

As the housing market goes, so goes the economy. Therefore credit unions located in some of the hardest-hit economic areas of the country should enjoy improved bottom lines this year.

Several trade groups are pressing the GSE regulator to halt Fannie Mae’s secretive initiative to reduce the cost of force-placed insurance and replace it with a process that is more transparent and less disruptive to servicers.

Banks are pushing the U.S. Consumer Financial Protection Bureau to give them a year to comply with new mortgage underwriting rules that could be released as early as this week.

In forging the fiscal cliff deal that the House and Senate passed last Tuesday, Congress left the mortgage interest deduction vulnerable.

Of the 17 stocks in the index, 13 closed higher, four closed lower and MGIC was unchanged.

As of yearend 2012 up to $49.3 billion in deals monitored by Fitch Ratings currently are under the scrutiny of a special servicer.

Mesa West Capital has funded two commercial mortgages secured by properties in the Denver area totaling over $47 million.

For the past year, Federal Reserve governors and bank presidents have complained about how long it takes lenders to process mortgage applications.

Now that 2012 has wrapped up, it is time for you or your company to submit your yearend numbers for our top producer survey and rankings later this year.

Bart Mellits was appointed the new leader of Ballard Spahr's real estate department.

There are still people living in log cabin homes and they need mortgage financing, too.

Another product option for the upside-down mortgage borrower.

Our most read story on nationalmortgagenews.com this past week was Brian Collins’ report on the mortgage angle of the fiscal cliff legislation.

Think of it as a couple of guys talking every day about the mortgage or real estate markets. Think Big, Work Small is a daily video we run on our website nationalmortgagenews.com.

Fitch tempered its optimism about U.S. home price increases that have been the largest since 2005, noting that gains tend to be from factors like supply-demand imbalances rather than economic strength.

Today, risk is marked by increasing complexity and velocity, and in light of our mobile, social and big-data landscape, there is urgency around proactively identifying and managing risk.

I am increasingly asked about whether subjective "performance" bonuses payable to loan officers are compliant.

Of the 100 largest metropolitan areas, 82 had an increase in asking prices on a year-over-year basis.

The long-term rate-indicative Treasury yield, which started the week at levels close to 1.7%, had surpassed 1.9% as of Friday morning.