Mortgages

Phillip Matous wants to make sure legislators in his state understand the weight of the regulatory burden credit unions and other lenders are bearing.

I talk to dozens of mortgage professionals each month and without even asking, I get an earful about too much regulation in the residential finance/servicing industry.

Wells Fargo is donating up to $500,000 in bank-owned properties to a national nonprofit organization in order to provide homes for military families.

Four years is a long time, but even longer when comparing banks' relationship with Washington since the last round of political conventions.

Residential Capital Corp./GMAC Mortgage has hired Steve Hewins as vice president in charge of vendor strategy and governance.

A controversial proposal by three California municipalities to seize underwater mortgages through eminent domain could face significant legal challenges because state law prohibits local governments from taking property and conveying it to a private company.

M&T Bank Corp. said it would buy New Jersey-based Hudson City Bancorp in a deal valued at $3.7 billion.

New loan officer compensation proposals, rather than banning upfront points and lender fees, require offering an alternative loan that has neither.

The Consumer Financial Protection Bureau wants to create a “level playing field” when it comes to the screening and training of bank and nonbank mortgage loan officers.

Almost 30% of all refinances are shorter amortization products, up from just 5% in 2007.

Nationstar Mortgage Holdings said two of its subsidiaries are soliciting consents to amend a bond indenture from 2010 on 10.875% senior notes due 2015.

Equifax's latest monthly national consumer credit trends report shows a decline from July 2011 in the amount of overall mortgage debt and a decrease in residential mortgage delinquencies.

Problems with the newly installed System for Award Management forced the General Services Administration to allow FHA lenders to use an old system to check the federal government’s “Excluded Parties List.”

Bank of America will give up to 1,000 properties to nonprofits and local government programs to house injured military veterans and first responders.

Not since July 2007, before the subprime mortgage market collapsed and credit markets froze, have investors accepted relative yields as low as they are now for debt of the nation’s biggest homebuilders.

Mortgage brokers were relieved when they finally saw the Consumer Financial Protection Bureau's new loan officer compensation rule gave them some leeway.

Wells Fargo ranked first among all GNMA servicers in the second quarter with a 30% market share.

June set a record for HARP 2.0 volume at 126,000 loans, including 53,750 mortgages with loan-to-value ratios over 125%.

Gragg Advertising is working on a marketing campaign for the Home Equity Conversion Mortgage.

A better method of moving electronic files is available, even as the industry waits on 4506-T electronic authorizations.