Mortgages

In order to remain competitive, small lenders need to integrated underwriting systems and the ability to provide market, sponsor and property history reports and information at the push of a button.

Impac Mortgage Holdings recorded a “significant” year-over-year expansion of its mortgage lending in the first quarter, but other costs largely stemming from legacy issues produced a consolidated net loss of $4.8 million during the period.

Most Federal Reserve officials foresee a continued slow recovery in the housing market and some are optimistic the improvement may pleasantly surprise their fellow members on the Federal Open Market Committee.

A handout to give applicants on the 10 commandments when applying for a mortgage.

Insiders agree that certain types of solutions can serve as the best antidote to the still pervasive mortgage loan repurchase challenge.It is fueling a renewed drive to design tools that infuse all aspects of the mortgage production chain into coherent systems that are more efficient and transparent throughout the life of the loan.

Here's a fact you may not be aware of: properties governed by homeowner associations are the most rapidly growing form of housing in the U.S. today. Nearly 80% of new home construction is connected with an HOA or community association, according to the Community Associations Institute, the trade association representing HOAs.

A federal official Tuesday afternoon told a group of New York-based third-party origination professionals angered by new proposed compensation and pricing restrictions that the Consumer Financial Protection Bureau would listen to their concerns and could still possibly change the proposals in line with them.

Capital Trust, a real estate investment trust that invests in commercial real estate loans and securities, said it is exploring "strategic alternatives" for the New York-based company.

Builders broke ground on more single-family homes in April than expected and the government revised upward its estimate of construction activity in March and February.

Quicken Loans Mortgage Services, a unit of Quicken Loans that provides services to banks, credit unions and mortgage originators, said it is going to add more than 75 people by the end of the year.

The other day a mortgage recruiter made a blunt statement to us: “Wholesale lending is really hot right now.” Of course, given what’s happened to the mortgage business the past few years and all the blame being placed on brokers for crappy loan quality, such a statement might be taken with a grain of salt.

The Federal Housing Finance Agency—which recently established time limits for GSE servicers to respond to short sale offers—is now trying a expedite the negotiation process between various parties in such transactions.

Short sales outnumbered REO sales in 12 states in January, RealtyTrac said, indicating that lender-servicers have agreed to sell the home for less than what’s owed on the mortgage, therefore preventing a borrower from going through the foreclosure process which costs more than executing a short sale.

Beazer Homes USA formed a real estate investment trust called Beazer Pre-Owned Rental Homes to acquire, refurbish and lease recently constructed, previously owned single-family homes on a large scale in select markets throughout the country.

Mortgage delinquencies continued on their downward path in the first quarter with 7.4% of all loans considered past due, the lowest reading since the third quarter of 2008, according to new figures compiled by the Mortgage Bankers Association.

A 13% increase in refinance applications led to a 9.2% seasonally adjusted increase in overall application volume for the week ended May 11, according to the Mortgage Bankers Association.

When Residential Capital Corp. filed for bankruptcy protection earlier this week it left behind a trail of unsecured creditors with claims totaling well over $1 billion, according to court documents.

John Robbins has created mortgage production platforms from scratch before, most notably with American Residential Mortgage and American Mortgage Network.

Truckloads of Realtors – more than 10,000 of them, according to their leader – will swarm Capitol Hill Thursday with this familiar message for lawmakers: Housing is key to the economic recovery.

Under the program, which was tested in the Sunshine State last year, B of A will offer to pay delinquent mortgage customers up to $30,000 to help with relocation expenses after completing a qualified short sale.