Mortgages

Provident New York Bancorp has hired Luis Massiani to be its next chief financial officer.

The House Republican Steering Committee officially endorsed Rep. Jeb Hensarling for chair of the House Financial Services Committee.

The Federal Home Loan Bank of Chicago that launched the Mortgage Partnership Finance initiative 15 years ago has been recruiting other FHLBs to sign up for the secondary market program.

The California Department of Justice has secured $10.4 million to assist organizations who provide housing counseling and legal services to homeowners impacted by the foreclosure crisis.

Freddie Mac purchased $50 billion of home mortgages from its seller/servicers in October, the highest reading since June of 2009, according to new figures released by the government-controlled secondary market giant.

Low-income consumers are more likely to have a mortgage broker or real estate agent influence their loan decision.

Zillow has reached an agreement to acquire HotPads, a map-based rental housing and real estate search engine, for $16 million.

Lenders interviewed by National Mortgage News this past week said volumes remain strong.

Bliss Sawyer's holiday marketing plans.

They have a different work/life style than civilian consumers.

Mortgagors in the District of Columbia have the highest monthly mortgage payment in the nation, shelling out nearly $1,642 every 30 days.

As of July 2012, EverBank serviced roughly 390,000 residential mortgages with an unpaid principal balance of $53.1 billion.

The qualified mortgage test and risk retention rules will cement Fannie Mae and Freddie Mac’s dominance in the secondary market, according to FBR Capital Markets.

The mortgage industry and its field servicing partners can utilize the lessons learned from Katrina to protect and restore collateral assets damaged by Sandy.

Residential delinquencies fell by almost 5% in October after surging the month before.

What ever happened to the sanctity of contracts?

The privately held Vericrest is serious about expanding its client base in the servicing arena.

To date, Impac has not commented on the spike in price, but disclosed late Monday that it received notice from the New York Stock Exchange about “unusual trading activity” in its stock.

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Using the “Course of Action Comparison.”