Mortgages

The Consumer Financial Protection Bureau on Thursday will hold a second conference within two days with 17 small lender participants who are slated to give the agency commentary regarding its controversial mortgage compensation rule.

When devising a mobile strategy, firms should pay close attention to three strategies that will help their mobile development succeed.

New technology and approaches are making automated valuation models more accurate.

The nation’s mega servicers are increasing their use of principal reductions in modifying loans as they fulfill obligations under the $25 billion robo-signing settlement with the state attorneys general and federal agencies.

A higher number of conduit loans that back U.S. commercial mortgage-backed securities are being liquidated, and at a lower average loss severity rate. But as special servicers try to manage vintage deals more losses are expected this year and the next.

The stock market roared Wednesday and the yield on the benchmark 10-year Treasury jumped to 1.67% in afternoon trading, thanks to better economic news out of Europe.

Milestone Merchant Partners is circulating an offering book on $30.8 billion of mortgage servicing rights that once belonged to now-defunct Taylor, Bean & Whitaker.

Appraisal management is still not perfect but it continues to improve, and it has come a long way from where it was just a few years ago, according to Judy Wheatley, a senior vice president at Indecomm.

Although loan originations are booming at Caliber Funding, the lender recently gave walking papers to a regional production manager and a division manager.

Mass Companies is listing 23 bank-owned Michigan properties that total $9.7 million for auction next week on its website.

Two weeks ago, when industry officials met with the Consumer Financial Protection Bureau to discuss the agency’s proposals to reengineer how loan officers and brokers can make a living, it was a nightmare – a nightmare in the sense that few in attendance thought the agency understood the issues at hand.

Navy Federal Credit Union unveiled two new ARM products: a 3/5 and 5/5 conforming (or jumbo) loan with start rates as low as 2.875% (2.943% APR).

All regions except for the Midwest showed positive results regarding home values for the latest rolling quarter—the most recent four months compared to the previous three months—and year, Clear Capital said.

Applications to refinance returned to highs last seen in February as a new round of record-low contract rates helped drive new business upward by 1.3% on a seasonally adjusted basis for the week ending June 1.

Assembly Bill 2610, sponsored by Nancy Skinner (D-Berkeley), and Senate Bill 1473, sponsored by Loni Hancock (D-Berkeley), will require purchasers of foreclosed homes to give tenants at least 90 days before starting any eviction proceedings.

The job of determining whether the nation's five largest mortgage servicers are complying with the landmark 49-state settlement will be divided between several private-sector consulting firms.

Take a look at c-suites across the financial services industry and you will see a noteworthy decline in the number of women occupying the most powerful offices in America's banking industry.

City councils in New York, Los Angeles and Pittsburgh have passed ordinances this year requiring banks that hold city government deposits to provide detailed accounts of their lending practices in low-income communities.

The Consumer Financial Protection Bureau is giving the 17 or so participants in its “small business” review panel five additional days to offer comments on the agency’s mortgage banking compensation proposals.

As head of the Mortgage Bankers Association, David H. Stevens spent the last year warning that excessive and ill-considered regulation could drag down the mortgage market. As the new head of SunTrust Mortgage, he'll have to face that regulation head-on.