Mortgages

The largest RHS lender, JPMorgan Chase, is going ahead with a pilot program that allows underwater borrowers in 19 of the “hardest hit” states to refinance without a credit check or appraisal.

Support for the California Foreclosure Reduction Act, which requires all lenders to abide by a number of consumer protection provisions of the national mortgage settlement, appears to be unanimous.

Clear Capital launched its Rental Market Report to determine the appropriate rental rates and potential rental income for properties in a specific market.

Servicers supervised by the Office of the Comptroller of the Currency completed fewer loan modifications in the first quarter as the number of delinquent borrowers who need assistance appears to be shrinking.

The Australian ABS market remains stabile as losses for all vintages are expected to stabilize during the second half of this year despite a slight increase in delinquencies and losses for Australian ABS in 1Q 2012.

A new service from CoreLogic incorporates servicer stop advance data into its private-label residential mortgage-backed securities dataset.

Equifax's May National Consumer Credit Trends Report shows the total volume of severely delinquent first-mortgage loans declined to $450 billion from the peak of more than $700 billion in January 2010.

Analysts at Fitch Ratings have returned Old Republic International Corp. to Ratings Watch Negative status following the cancellation of the spinoff of the mortgage insurance business into a separate entity.

The National Association of Realtors reported that its pending sales index jumped nearly 6% in May back to 101.1, the same level in March and the highest this year.

The Federal Housing Administration's increase in mortgage insurance premiums for streamline refinancings dragged down the amount of government loan applications and in turn total loan applications for the week ended June 22.

Attempts by Mortgage Guaranty Insurance Corp. to sell off its eMagic and Myers Internet units have failed and the mortgage insurer will shut down the pair of technology providers on Sept. 1.

Despite the well-known symbiotic relationship between crime rates and the socio-economic wellbeing of a neighborhood attempts to measure the toll of crime on home values are scarce if nonexistent.

Most people see Lady Gaga as a counter-culture freak, but I see her as a person who is fearless when it comes to branding and sharing her message.

In the wake of several significant regulatory developments, and with more changes looming, it seems clear that esponsible servicing professionals will need to evolve and adapt to new realities.

CoreLogic has introduced a new tool designed to deliver summaries of the assignment document chain mortgage servicers need to comply with federal regulators.

As most mortgage industry professionals are aware, the Federal Housing Administration recently increased its mortgage insurance premiums.

A federal appeals court has denied Republic Bancorp's bid to recover $14 million it lost on securities investments because it believes the company should have been aware of the risks it was taking.

Dodd-Frank and regulations like the Volcker Rule are so complex that even regulators can't figure them out, according to Tim Ryan, president and CEO of the Securities Industry and Financial Markets Association.

Customers Bancorp, which is led by veteran banker Jay Sidhu, announced it would acquire Acacia Federal Savings Bank from Ameritas Mutual Holding for $65 million in stock.

A judge in New York approved a $40 million settlement in an MBS class-action lawsuit against individuals formerly affiliated with now-bankrupt Lehman Brothers Holding.