Mortgages

Stonegate Mortgage, Indianapolis, is looking to help banks deal with balance sheet volatility regarding mortgages, while at the same build its servicing portfolio. So it is starting a financial institutions channel to purchase loans on both a wholesale and correspondent basis.

Genworth Financial said its U.S. mortgage insurance unit is offering a relocation product with discounted MI premiums to help credit unions expand their market and pursue business from members relocated by corporate and military employers.

No single solution will repair the damage done by the lingering housing crisis. And “one-off” loan-by-loan solutions can’t happen fast enough to make an impact on the fragile housing stock that balances at a tipping point in cities across the country.

First American Financial Corp. chairman emeritus and title insurance industry veteran Donald P. Kennedy has died at age 93.

The headline of today's daily 'What We're Hearing' blast sounds like junk mail that you might see in your email inbox. But rest assured, certain mortgage REITs are paying hefty dividends these days. At the top of the list is Annaly Capital Management, which has a 13.5% dividend/yield rate.

Among the next steps in the National Reverse Mortgage Lenders Association's Borrow With Confidence efforts will be a story-telling campaign, with seniors describing their experience with and benefits from the product, officials from the group said at its Eastern regional meeting in New York.

The House Financial Services Committee Tuesday approved a bill to enhance the FHA's authority to police bad lenders after rejecting an amendment that would have reduced the agency's loan guarantees.

Raj Date, the deputy director of the Consumer Financial Protection Bureau, assured financial industry representatives Tuesday that the agency is carefully weighing access to consumer credit as it finalizes the qualified mortgage rule.

Appraisals are costing bankers more money and, in some cases, business. Recent regulation has altered the fee structure and required more independence between bankers and appraisers.

Although rates have been trending downward this week, new mortgage applications fell by almost 3% for the week ending March 23, according to new figures compiled by the Mortgage Bankers Association.

With the Federal Housing Finance Agency recently unveiling the first bulk offering of government-owned REO properties for investors to purchase and then sell the units to prospective buyers as rentals, Americans revealed that they continue to have dreams of someday owning a home.

Community banks and thrifts are slowly increasing their originations of non-conforming mortgages, while pulling back on making FHA loans, according to a new study from the American Bankers Association.

There's been a decided shift in theme statements in the mortgage business over the past five years. The old mortgage mantra of "the American Dream of Homeownership" has experienced an abrupt downshift to a new one: "Not everyone should be a homeowner."

I recently received a business card from a loan officer who called himself a "Personal Liability Manager" with the tag line "providing mortgage and liability management on an ethical and objective basis." It's unique. It's different. And it begs the all-important question—so how do you do that?

Only three of the top 10 states with the most tornados from 1980 to 2009 currently are in the so-called Tornado Alley, according to a new CoreLogic tornado and hail risk report. The change, however, is not an anomaly, as everyone believed.

No matter how one looks at the current residential shadow inventory data it does not indicate improvements, even though the overall numbers remained flat at 1.6 million units as of January 2012, according to CoreLogic.

Closing USA was recently selected by 24 Asset Management Corporation to provide title and closing services for the National Association of Real Estate Brokers’ Homeowner’s Assurance Program.

Two sales associates for eWarehouseOne have resigned over the past few weeks, including industry veteran Henry Brandt.

Standard & Poor's said Tuesday that home prices fell in January for the fifth consecutive month, reaching a new low for the housing bust.

The Consumer Financial Protection Bureau plans on taking a close look at the Federal Reserve's controversial loan officer compensation rule and will issue a new proposal "soon" according to a top official at the young agency.