Mortgages

Housing inventory remains tight and even the supply of distressed homes has been declining.

Many potential applicants are taking the first offer they receive on their mortgage, missing out on substantial savings.

Secure Settlements has developed a proprietary risk analysis software that references national databases and a risk rating system to verify closing companies and individuals in real time and provide a standardized evaluation and reporting platform for mortgage originators.

Fannie Mae is moving closer to picking an advisor that will guide the government-sponsored enterprise as it moves to unload billions of dollars in nonperforming loans over the next few years.

FBC Mortgage has launched a separately operated and branded loan channel called CloseQuick to provide boutique third-party origination services to community banks.

You would figure that after the worst housing bust in U.S. history – even worse than the Great Depression – that bargains would abound even in places like California.

Sales were as hot as the weather in Houston in July as they were up for the 14th consecutive month.

According to new figures compiled by the Mortgage Bankers Association, the refi share fell to 80% of all new business, compared to 81% the week prior.

Manhattan Mortgage, believed to be one of the largest loan brokerage firms in the greater New York area, is on the auction block.

Overeager investors who bought multiple homes during the housing boom share some of the blame for the market’s eventual crash. Now they are being credited with playing a big part in reversing the downturn.

Democratic legislation that would allow more Americans to refinance their mortgages has stalled in the Senate amid a partisan dispute over whether to allow votes on other housing measures.

Mortgage servicing rules will enhance the relationship between servicers and special servicers in the short term.

Scandals have tarnished the reputations of many large bank mortgage lenders and one expert believes they need to go back to being community lenders, the same niche their smaller competitors occupy.

The government-sponsored enterprises issued new guidelines for short sales, allowing their servicers to complete many transactions without seeking prior approval from the agencies.

A small, inexpensive way to for mortgage loan officers to help Realtors get through an open house, while at the same time building your brand.

PennyMac Mortgage Investment Trust could raise $315 million in fresh cash when it closes on the sale of 15 million shares of its common.

Standard & Poor’s warned that the entrance of new and lesser known special servicing firms can overcrowd the market and complicate the servicing process.

By the fourth quarter, the government-sponsored enterprises likely will be reporting even stronger profits as their legacy loans continue to run off, being replaced by very profitable new issuance.

Analysts at JPMorgan Chase expect the upcoming National Association of Realtors' report to show a 3% increase in sales from June to a 4.5 million seasonally adjusted annual rate in July.

Ellington Financial, a specialty finance company that acquires and manages mortgage-related assets, sold 3.5 million shares of common stock.