Mortgages

THE RAJ DATE SAGA CONTINUES: We’re told that the National Association of Mortgage Brokers is very concerned with the recent broker bias comments from CFPB deputy director Raj Date. One NAMB official said the trade group “has sent a letter to the CFPB regarding the comments and have formally requested a meeting to discuss."

The Federal Home Loan Bank of Atlanta has partnered with financial institutions across the Southeast to create affordable housing opportunities and assistance for veterans and current military personnel.

Residential Capital has rejected Warren Buffett’s offer to be the initial bidder in proposed auctions of ResCap assets.

Greece's RMBS sector would be one of the victims of the country's exit from the euro zone, which appears increasingly likely in the run-up to June 17 elections between parties supporting and opposing austerity measures, a condition of the country's bailout.

RealtyTrac released its May U.S. Foreclosure report, which emphasized the first year-over-year increase in foreclosure starts in 28 months. What does this mean?

Wells Fargo & Co. ended March with $1.84 trillion of residential servicing contracts on its books, once again ranking first—but barely growing its market share.

These days, many lenders’ licensing and legal departments are larger than what they were budgeted for, and adding efficiency without adding head count to the back office must be a priority.

FCI Lender Services recently took in $106.5 million worth of servicing assignments on nonperforming loans pools purchased by private investors.

Housing markets are showing credible signs of a revival that still is “in the early innings,” according to the State of the Nation’s Housing 2012 report released by the Joint Center for Housing Studies of Harvard University.

To hear some nonbank lenders talk about the Consumer Financial Protection Bureau you would think they were dealing with Dracula or something.

NMN sister publication Mortgage Technology has recognized top-performing industry companies for more than a decade, dating back to when its “Top 100 Technology Vendors” list debuted in the July 2002 issue.

New York Attorney General Eric Schneiderman has introduced the Foreclosure Fraud Prevention Act of 2012 to the State Legislature that defines residential mortgage foreclosure fraud and imposes new penalties for those who intentionally engage in illegal activity within the state.

One thing you can always count on from Washington—there will be plenty of regulatory activity after a crisis happens rather than before when it might be useful.

A federal court panel said Bank of America can't consolidate multiple lawsuits involving losses suffered from the collapse of Taylor Bean & Whitaker and Colonial Bank in a multibillion-dollar fraud.

Maybe they ought to change the name of television show “Hot in Cleveland” to “Hot in Miami.”

The Mortgage Bankers Association has formed a select committee to find a replacement to departing president David Stevens with 15 candidates being thrown into the pool.

Is 68 years young the time to re-enter the wild and wooly world of mortgage banking? Answer: It is, if your name is Bill Starkey Sr. and you feel the current “down market” offers so much opportunity that it can’t be ignored.

Regardless of your position on the use of MERS as a nominee for the lender, creating a shared, accessible database of record is another reason why lenders and servicers have worked diligently to certify the accuracy of the data entered in the MERS database.

The Census Bureau said the number of housing units in the U.S. increased a scant 0.36% last year to 132.3 million.

Franklin Credit Management Corp. has closed on the acquisition of a mixed performing and nonperforming loan portfolio with an aggregate unpaid principal balance of approximately $100 million.