Mortgages

The recovery of the mortgage market relies partly on banks' ability to quickly sell the real estate properties they own to new buyers.

U.S. banks that have been earning record profits from home loans are adding or transferring thousands of staff to catch up with demand for refinancing after shortages blocked homeowners from getting lower rates.

Mortgage application volume decreased by 2.2% on a seasonally adjusted basis for the week ended Nov. 16, according to the Mortgage Bankers Association, as rates ticked upwards for the period.

I have created a contract which spells out the duties and responsibilities of my new assistant.

Mark Maiocca looks to give borrowers the opportunity for financial growth whichhis family didn’t have when he was growing up.

The agency issued a mortgagee letter late Tuesday eliminating many restrictions that blocked servicers from using the FHA-HAMP loan modification program to assist troubled borrowers with government-backed loans.

Prosecutors said from March to October 2009 Lorraine Brown instituted “a surrogate signing policy whereby employees signed, not their name, but the names of other employees on thousands of mortgage documents that were notarized and filed across the country.”

Eligible borrowers may ask for an independent review of their mortgage foreclosure file if they believe that they were financially injured as a result of servicer errors, misrepresentations or other deficiencies in the foreclosure process.

The residential finance division of JPMorgan Chase plans to roll out a new mortgage origination technology platform next year.

The decision means the company must prepare to defend itself against allegations by the Federal Housing Finance Agency of wrongdoing in the sale of securities backed by residential mortgages.

Want to see a CFPB audit exam of a mortgage banking firm? As they say in Brooklyn, forgetaboutit.

Stonegate Mortgage Corp., Indianapolis, this week hired Rob Wilson as senior vice president of loan acquisitions.

Signs are evident that health is returning to the housing and mortgage markets as the days of no downpayment, speculators and strategic defaults are fading.

Residential Capital LLC won court approval to sell its mortgage-servicing unit to Ocwen Financial for $3 billion after putting off a fight with loan investors and resolving other objections.

When it comes to certain things in the default industry, many folks seem to equate “leading edge” with anything paperless. Nowhere is this more true than in REO invoicing.

Negative equity in the third quarter experienced the largest quarter-over-quarter decline since the first three months of 2011.

The Government National Mortgage Association has loss reserves of roughly $357 million.

Builders are reporting increasing demand for new homes as inventories of foreclosed and distressed properties begin to shrink in markets across the nation.

Among residential lenders, JPM’s mortgage division, Chase, ranks second nationwide.

Credit Suisse analyst Moshe Orenbuch writes in a new research note that management at Wells Fargo is "optimistic about the overall positioning of the mortgage business.”