Mortgages

The Mortgage Industry Advisory Corp. is selling almost $8 billion worth of Government National Mortgage Association servicing rights for an undisclosed client.

Norcom Mortgage has entered the correspondent channel and is now actively buying residential loans from community banks, nonbanks and credit unions.

Freddie Mac’s approach to the first HARP refinancing program resulted in faster prepayment speeds on its securitized mortgages compared to Fannie Mae MBS, according to a new report from Amherst Securities Group.

Sabal Financial is getting into the business of lending to homebuilders.

In today's mortgage business, people want to partner with those they like and trust.

Determining a portfolio’s exact level of risk is particularly challenging due, in part, to the sheer volume of data and information requiring thorough review.

A newly negotiated line allows PennyMac to tap Bank of America for up to $300 million.

The Department of Housing and Urban Development plans to decrease the New York State Fair Market Rent limits for fiscal year 2013.

After losing in a district court, the Mortgage Bankers Association has decided to appeal and take its case to block overtime pay for loan officers to a higher court.

Wells Fargo is beginning to see modest signs of increased demand in the homebuilding sector in many markets.

Attus Technologies, a provider of regulatory compliance products, has introduced six new Dodd-Frank Act planning and mortgage reform compliance self-assessment modules to its Managed Compliance Service.

The Treasury Department’s announcement Friday that it was restructuring its ongoing bailout of Fannie Mae and Freddie Mac caught most observers off guard.

Because of the stabilization in house prices, neither government-sponsored enterprise has had to borrow significant money from the Treasury since the beginning of the year, leaving the total tab for their bailout at around $190 billion.

Given the pace and complexity of changes impacting the mortgage industry, getting it right the first time can be quite a challenge.

Redfin said that without more people willing to sell, inventory will not increase and therefore sales volume cannot meaningfully improve.

This product helps lenders meet Fannie Mae’s Loan Quality Initiative recommendations and check borrower credit activity during the processing of a mortgage.

Homebuyer counseling now is centered on the servicing end of the business, rather than the originations side.

Glen Ward promised to delay foreclosures for distressed homeowners as long as they could pay him $700 a month.

When faced with a regulatory change that impacts business operations, there are two ways to view the challenge: as a crisis or as an opportunity.

Michael Alexander is able to combine a high level of personal customer service with low fees to keep his clients satisfied and coming back.