Mortgages

Keep Your Home California will provide mortgage payment assistance to out-of-work homeowners regardless of whether federal extension benefits are extended into 2013.

In a time where integrity of data is more important than ever, mobile technology allows for greater control and monitoring to ensure that time value is increased and costs decreased.

A new year is about to begin and what better time to take the pulse of the nation’s megabanks.

Synovus Financial recently sold a batch of nonperforming and substandard loans backed by real estate assets.

Bank of America has roughly 10 million servicing customers.

Some banks will consider making lower FICO score loans as long as the applicant has substantial assets (or home equity) that can be tapped in the event of default.

HUD will interview current employees, ex-employees and borrowers to validate data or its findings.

Thirty-one percent of renters said they plan to buy a home in the next two years, compared with 28% in May and 22% for January 2011.

The average rate for a 30-year fixed-rate mortgage decreased slightly by two basis points to 3.32% from the previous week.

Residential real estate in Florida improved drastically over the course of 2012 and there are expectations these positive trends will continue heading into next year.

The Consumer Financial Protection Bureau said it would offer limited time exemptions from current federal disclosure laws in order for those companies to research and test informative, cost-effective disclosures.

The Senate Finance Committee has already passed a bill that extends 27 tax provisions that are due to expire at midnight on Dec. 31.

Fay Servicing has added Personal Budget Analysis to its menu of mortgage borrower financial health analysis options.

The ghost of Angelo Mozilo (who is still alive) continues to hang over mortgage banking.

Countrywide Financial Corp. co-founder Angelo Mozilo said under oath last year that he had “no regrets” about how he ran the mortgage firm.

Rural America is a huge place, though it contains just 21% of the nation’s population.

Bank repossessions increased annually through November for the first time in two years despite a drop in overall foreclosure activity, according to RealtyTrac.

Due to one-year-or-longer delinquencies the national delinquency rate is significantly higher than the “normal” delinquency rate range of roughly 1.5%.

Loan production expenses, which include commissions and compensation, increased to $5,163 in 3Q from $5,128 in the second quarter.

The privately held Provident Funding Associates also ranks ninth among all residential originators and is poised to become the largest wholesaler once Wells Fargo exits the space.