Mortgages

Delinquency rates on second mortgages and home equity lines of credit have been rising this year.

Although mortgage servicers hire field service companies to preserve these properties, the property will deteriorate without a tenant or occupant no matter how much maintenance work is completed.

Walter Investment Management Corp., the parent of Reverse Mortgage Solutions, has agreed to purchase Security One Lending.

The Eleventh Federal Home Loan District Cost of Funds Index reached 1% in November, the all-time low for the series. In October, the index was 1.011%.

November is the fifth consecutive month where the members of the Mortgage Insurance Cos. of America did over $10 billion of new insurance written.

Northstar Bank of Texas, Denton, Texas, has acquired the controlling interest in Goldome Financial Inc.

According to a National Foundation for Credit Counseling poll, 63% of the respondents admitted responsibility for their financial woes.

Looking for conventional refi business in Maryland?

Stearns Lending Inc. appointed James Hecht as executive vice president, strategic development.

Lenders have originated just 2,015 FHA-insured short refinancings since the Federal Housing Administration launched the special program in August 2010 to provide a refinancing outlet for underwater borrowers with private label alt-A and subprime loans.

For the sixth straight month the number of completed foreclosures in Massachusetts declined by nearly 60% in November marking the beginning of a brighter future for this market.

A landmark deal was recently completed to preserve more than 3,300 acres of the Sierra Nevada terrain that is home to one of the largest cross country ski resorts throughout the country.

The October residential shadow inventory level was 2.3 million units, representing a supply of seven months.

The Federal Housing Administration will take several additional steps to maximize recovery in the areas of loss mitigation and asset management.

Jacksonville Bancorp has sold $25.1 million of troubled assets and completed its previously announced $50 million capital raise.

U.S. regulators led by the Office of the Comptroller of the Currency will replace a largely fruitless effort to find victims of botched foreclosures at the 14 biggest mortgage servicers with flat penalties.

President Obama signed a bill passed by the Senate and House on Tuesday that shields troubled borrowers from being penalized under the tax code when they agreed to a short sale or principal reduction transaction.

American Realty Capital-Retail Centers of America Inc. recently closed its acquisition of San Antonio-based San Pedro Crossing Shopping Center.

Jumbo originator PHH Mortgage Corp. is heading toward a new year with some changes under the hood.

Inlanta Mortgage said that 2012 was its best year for new hires, with a total of 77 new employees over the course of the year.