Mortgages

Enhancements to the Home Affordable Refinancing Program rolled out in February and March allowed almost 500,000 GSE borrowers to refinance their high LTV loans.

Todd Bettin was sentenced to over four years in prison for conspiracy to commit wire fraud in connection with a five-year scheme to divert mortgage payoff funds from clients’ who were closing on 17 Maryland properties.

Three California local governments may use their eminent domain powers to seize mortgages and restructure them to help distressed borrowers stay in their homes, much to the dismay of investors who hold the mortgages.

THIS JUST IN: Is a new subprime lender about to emerge? I know of one industry veteran who hopes to secure financing to originate nonprime low LTV mortgages.

I really don’t see a problem with books in general; however, books that offer sales training and/or guidance are usually too long and complicated, too short, to be effective.

For Richard Weiner, remaining a leading producer at Envoy Mortgage means having to do just as much, if not more, as getting there.

Nationstar says it is increasing by $125 million its bid on mortgage-related assets that it hopes to buy from the bankrupt Residential Capital Corp.

The number of fraudsters who charge fees for securitization audits, which is easily accessible and free to all, is increasing.

It appears mortgage brokerage firms across the nation are hiring – so says Don Frommeyer, senior vice president of Amtrust Mortgage Funding, Carmel, Ind.

From time to time non-originating branches can be appropriate, however, they are not a "solution" to paying profit to managers who truly want to continue originating loans.

Redfin predicts U.S. home sales in August to increase slightly on a year-over-year basis.

While the scandal surrounding the rigging of the London Interbank Offered Rate is expected to widen, the index is “so ingrained in the financial system” that there’s “little threat to its status as a global interest rate benchmark.

We have been named a finalist for an Azbee Award, for two editorials done in 2011, and also have been named winner of an award from the Native American Journalists Association, again for an editorial from 2011.

In an effort to squeeze out profits in a low-interest rate environment, banks are under increasing pressure to lower underwriting standards, offer new, potentially dangerous products and ignore operational risk.

Total employment in the mortgage industry was flat in May, but the ground has been shifting over the past few months with brokerage firms hiring while other lenders have been cutting back.

If your mortgage banking employer isn’t making money hand-over-fist then there’s something terribly wrong.

Federal banking regulators repeatedly fell short in their efforts to alert foreclosed homeowners that they may be eligible for monetary relief.

By 2005, in spite of Washington Mutual's concerns that there was a housing bubble brewing, they began to focus on option ARM loans.

Residential loan officers are entitled to overtime pay if their primary duty involves selling mortgages, according to the United States District Court in Washington.

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.