Mortgages

Although Bank of America exited the correspondent channel earlier this year, its Merrill Lynch affiliate is aggressively bidding on jumbo loans in the secondary market.

Thirty-year conventional prepayment speeds overall dropped 8% in the latest month.

Thomas McInerney has been named president and chief executive of Genworth Financial.

Fifth Third Bank is the latest bank to announce that it would halt evictions during the holiday season.

Research looking into the increasing gap between primary and secondary mortgage rates suggests that there are some factors to watch which affect these going forward.

Real estate agents using RES.NET’s agent portal now have access to a tool that streamlines offer negotiation activities resulting in faster closings.

Freddie Mac sees a modest decline in residential fundings next year as the purchase business gathers steam.

Ed Pinto says 40% of FHA loans are subprime and are hurting neighborhoods.

Certain federal- and state-level regulatory measures are bound to affect how mortgage lender-servicers do business in the Northeast.

To protect against litigation and losses, investors will require residential funders to certify that the points and fees charged to borrowers do not exceed the 3% cap in the qualified mortgage rule.

Rather than selling homes to legitimate investors, Foreclosure Solution Specialists designed sham sales to straw purchasers.

The worst housing I’ve ever seen is in the border areas adjacent to Mexico.

PennyMac is experiencing explosive growth in the correspondent channel.

Loan Value Group has begun to facilitate the delivery of government-funded principal reductions in an effort aimed at getting the relief to qualifying underwater borrowers in Arizona more quickly.

The correspondent channel accounted for 49% of Wells Fargo’s residential production in the third quarter.

The Consumer Financial Protection Agency has until Jan. 21 to issue the qualified mortgage rule as mandated by the Dodd-Frank Act, and around the same time the loan officer compensation rule might finally be unveiled.

Unemployment is one of the reasons why the recovery is a slow one.

“Homebuilders are getting extra help right now from mortgages,” according to one homebuilding analyst.

Allonhill workers who lost their jobs were working on transactional due diligence accounts.

The Federal Housing Administration believes the pilot program has the potential to reduce losses and eliminate carrying costs of managing and marketing REO properties.