Mortgages

Technology vendor Mortgage Cadence expects to expand the reach of its origination software in the credit union sector with its pending acquisition of Prime Alliance Solutions.

The national delinquency rate continues to decline on a yearly basis with the latest figures from Lender Processing Services revealing a 9.6% drop in the amount of late mortgage payments from May 2011.

Mortgage applications decreased by just under 1% for the week ending June 15, but FHA refinancings soared.

Both bills validate the work field services companies do to maintain properties on behalf of their clients to maintain properties in their portfolios and reduce blight in communities across the country.

Discover Financial Services is finally getting its feet wet in the mortgage origination business, but the credit card lender isn't jumping into the deep end anytime soon.

For community bankers, it was always a romantic notion—the idea that they could give mortgage lending short shrift and beat the big guys on commercial loans. But mortgage lending is looking pretty good to these bankers now.

Redwood Trust soon will market another new jumbo MBS deal—this one, like the others—dominated by California mortgages which comprise just over 49% of the bond.

Traditionally, underwriting focused on applying a static set of guidelines to determine an approve/reject decision.

The concept of the certified loan is a “game changer” that can help protect lenders from fraudulent applicants.

Moody’s noted that improvements in the apartment market have dissipated in recent months after the index soared to roughly 140.

The office vacancy rate in major Canadian cities fell to 5% in the second quarter from 5.4% in the first quarter, the second time the reading has been this low since 1985.

Distressed property rental programs and new private-label mortgage originations pose new opportunities for investors.

Mortgage bankers and brokers (banks and nonbanks alike) could call a national strike on making any new loans for, say, 60 days and see what type of damage that does to the U.S. economy.

BB&T chief executive Kelly King urged his fellow bankers to vote against politicians who favor more regulation of the private sector and replace them with leaders who have more faith in the free markets.

The Consumer Financial Protection Bureau has fielded more than 19,000 consumer complaints about mortgage lenders and servicers with roughly 600 participants receiving some type of monetary relief.

U.S. consumers owed $8.995 trillion on their residential loans at the end of March—the lowest debt figure recorded in almost five years.

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Fannie Mae's economists now believe that for all of 2012, originations will come in at $1.34 trillion, compared to a month ago forecast of $1.31 trillion.

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Single-family housing starts rose in May for the third straight month while multifamily activity fell 24% from April’s construction pace.