Mortgages

California home sales were at their highest level since May for the month of October.

Underwater mortgagors may be declining -- or so the HUD secretary tells us.

As a result of the housing crisis, mortgage originators have been stuck with a very limited set of products to offer their clients.

Not only is FHA hiking premiums, but it will prevent all new mortgagors (going forward) to cancel their MI policy even if the loan-to-value ratio improves during the life of the loan.

First Niagara is scheduled to open a processing center next month in Syracuse.

In the third quarter Triad lost $33.3 million, a slight improvement over the 3Q11 loss of $37.5 million.

During the first nine months of 2012 the Chicago Federal Home Loan Bank processed $4.5 billion of MPF Xtra loans for Fannie, compared to $1.5 billion during the same period in 2011.

The Department of Housing and Urban Development declared that it will announce “a series of changes” Friday that are “designed” to put the FHA fund back in a positive position “within the year.”

After hearing, lawyer found guilty of professional misconduct involving distressed borrowers.

With construction activity, sales and home prices still well below pre-crisis levels, a revival of the U.S. housing sector still faces significant challenges and the benefits remain quite uneven.

While Automated Valuation Models are industry tools used in the traditional property valuation process, they lead to flawed results for determining an accurate value for a specific property.

Foreclosed properties in counties affected by the storm were valued at $41 billion.

The Government National Mortgage Association earned $610 million for the year ending Sept. 30, compared to $1.18 trillion in fiscal year 2011.

Fannie Mae and Freddie Mac are now cash cows. But where will that money ultimately wind up?

Fannie Mae and Freddie Mac are turning into cash machines. But who will get that cash?

Investors looking for opportunities in distressed homes may have a two-year window. That's it.

A strong sign that the housing market is improving was seen just looking at the attendance figures from the Mortgage Bankers Association’s annual convention in Chicago.

The average for fixed-rate mortgages dropped to new record lows during the week ending Nov. 15.

Most of the relief Bank of America provided to mortgagors continues to come in the form of short sales.

The Mortgage Bankers Association reported that all FHA loans—FRMs and ARMs alike—had a delinquency rate of 11.14% at Sept. 30 compared to 11.89% in June and 12.09% a year ago.