Mortgages

Asset Revitalization Solutions, an Austin, Texas-based company that specializes in distressed asset investments and management, acquired $10 million in distressed loans in Florida.

The latest Freddie Mac economic forecast predicts the housing recovery will be delayed as long as there remains a large gap between buyer and seller sentiment.

Home prices fell 3.5% in the past year and mortgage rates are at record lows. One would think that borrowers would be flocking to their nearest real estate agent to buy the next home they can find. However, homebuyers are not coming out of the woodwork - yet.

Some of the first 2012 deals done through some of the agencies' more recently added multifamily programs are hitting the market and so far it looks like another strong year for these types of bonds.

The nation's attorneys general, the Department of Justice, and HUD are “very close” to finalizing a legal settlement to settle 'robosigning' allegations levied against the nation's dozen or so top ranked servicers, HUD secretary Shaun Donovan said Wednesday morning.

Remember that 10 basis point increase in g-fees that will pay for the payroll tax break (at least until February 28)? Well, guess what? It appears that some lenders and secondary market investors are hiking their rates a lot more than 10 bps, or so we're told.

Traditionally field economists would focus on economics and finance leaving political economy to academics. The crisis is changing that demanding more politically sensitive outlooks that capture the complexity of major socio-economic events of today.

Mortgage loan application volume increased by an astounding 23.1% on a seasonally adjusted basis for the week ended Jan. 13, as interest rates on three varieties of fixed-rate loans hit all-time lows, according to the Mortgage Bankers Association. The results for the current survey include an adjustment to account for the New Year's Day holiday.

U.S. Bancorp Wednesday morning reported mortgage and retail related originations of $24.5 billion in the fourth quarter, double of what it funded in home mortgages in 3Q.

Despite a rough start, the huge Houston housing market ended 2011 solidly in the black.

Despite seasonal trends where home sales usually decline during the winter months, December marked the sixth straight month with year-over-year gains, according to the latest figures released by RE/MAX.

The reverse mortgage loan origination business has matured to the point to where it needs a standardized loan data file format, said an executive with RMS, Houston.

"If a man hasn't discovered something that he will die for, he isn't fit to live." —Martin Luther King, Jr.

Richard Cordray is center stage not just at a brand-new regulator. The director of the Consumer Financial Protection Bureau will also play a crucial role at an agency born of bank runs and the Dust Bowl and intimately involved in mortgage issues.

Here's a riddle for you: What can you buy at record low prices, that you can't buy at record low prices? Answer: A home. That's right, despite interest rates not seen in nearly 50 years, home sales in the U.S. are sluggish at best. How can that be? Simple really. Most home sales are dependent on mortgage financing, but getting that financing can be a real challenge.

An 11th-hour settlement is expected to stave off a potential class action status in a lawsuit that claims foreclosed borrowers were overcharged for attorneys’ fees that the Mortgage Electronic Registration Systems Inc. did not actually incur.

A few years back when it came to minority housing especially in the largest metropolitan areas the risk of stretching lending too thin was often overshadowed by the benefits of higher rates of homeownership.

Home sales unexpectedly rose in December, reversing a purchase slide in November, according to new figures released by RE/MAX on Tuesday.

Although women have made much progress in reaching the leadership levels of business, including the mortgage business, the progress is disappointing - and stalled. What is so stubborn about this issue? Why aren't more women making it to (and staying at) the top? The answer may be in awareness of why women leave and what they bring to the table.

Citigroup repurchased 6,800 residential loans in 2011, an 80% jump from 2010 with Fannie Mae and Freddie Mac accounting for the lion's share of those buybacks, according to figures released Tuesday.