Mortgages

Bank of America Corp. chief executive officer Brian T. Moynihan said his firm should overtake JPMorgan Chase & Co. in direct-to-consumer mortgage lending in the next six months.

If you are a mortgage broker who has customers that are veterans, and/or if you market VA mortgage loans to veterans, you may need to do some damage control thanks to some bad apples.

BankFinancial has sold nonperforming loans and foreclosed-upon real estate with a combined value of $22.7 million to unnamed buyers via two bulk sales.

Veros Real Estate Solutions’ latest quarterly forecast indicates the top 100 markets nationwide will appreciate on average 1.2% over the next 12 months.

Friday’s job report shows mortgage brokers hired 1,200 new employees in November while other mortgage lenders trimmed their payrolls for the second straight month.

There were more losers than gainers among the member stocks of National Mortgage News’ Mortgage Industry Equity Composite as the market closed Thursday afternoon.

The Federal Housing Administration is making it easier for small banks, thrifts and credit unions to participate in the FHA single-family program again.

Dubai Islamic Bank offered to take over mortgage provider Tamweel through a share swap, four days after the United Arab Emirates’ central bank issued guidelines restricting home loans.

The ever-increasing national debt should be of concern to mortgage originators because of the effect it could have on interest rates.

Mortgage people need to toe the mark or CFPB may tow it for you.

The November 2012 CoreLogic National Foreclosure Report shows the number of completed foreclosures in the U.S. dropped 6% month-over-month.

David Kaup admitted to carrying out three separate fraud schemes that caused millions in losses to victims, but failed to appear for his sentencing.

Congressional efforts to reduce the U.S. deficit revived tax breaks for mortgage insurance and extended interest deductions for homeowners that will cost the government $600 billion over five years.

The Federal Housing Finance Agency said that Fannie Mae and Freddie Mac were responsible for completing more than 134,000 foreclosure prevention actions in the third quarter of 2012.

Savvy investors rushing to take advantage of current and long-term foreclosure-to-rental market opportunities may stumble upon an unexpected barrier: data.

Freddie Mac has planned its first offering of multifamily structured mortgage pass-through certificate deal of the year.

Flagstar Bancorp Inc., Troy, Mich., is selling a portfolio of commercial loans, including commercial real estate loans, to CIT Bank for $779 million.

After months of steady ups and downs, the delinquency rate for commercial mortgage-backed security loans has finally hit a wall.

There was a 21.6% decline in mortgage application volume on a seasonally adjusted basis during the last two weeks of 2012 as refinancings during the week of Dec. 28 were at their lowest point since April.

The average 30-year rate is down one basis point from last week at 3.34% and the rate for 15-year borrowers also is one basis point lower at 2.64%.