Mortgages

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The U.S. Government Services Administration entered into a contract with eMASON that will allow federal agencies to purchase the mortgage technology vendor’s software at negotiated prices.

Existing home sales increased 4.0% in November to a seasonally adjusted 4.42 million-unit rate, after a downwardly revised 4.25 million unit rate in October, the National Association of Realtors announced Wednesday. NAR announced its benchmark revisions.

As home values continue to remain at low levels throughout the country, rental prices are soaring in contrast during these difficult times in the housing industry.

The Federal Housing Finance Agency is considering a plan that would help underwater homeowners who have filed for Chapter 13 bankruptcy protection.

Brillion Asset Solutions has acquired the REO asset management company Infinity National Asset Management.

Residential loan applications fell by almost 3% for the week ending December 16, despite continued historically low rates, according to new figures compiled by the Mortgage Bankers Association.

Looking to expand its business into the Northeastern market, Mountain Real Estate Group has opened a new office in New York.

After reading bits and pieces of the Securities and Exchange Commission's complaint against the former heads of Fannie Mae and Freddie Mac one thought comes to mind: what exactly is a subprime loan again?

Southwest Bancorp, the holding company for Stillwater National Bank and Trust Co. and Bank of Kansas, sold $300 million of nonperforming assets that will affect the bank's net sales in the fourth quarter.

Awareness to the negative equity problem faced by millions of borrowers and their lenders continues to concern market insiders as they strive to come up with solutions that can help ease the setback. It is the goal of the new Home Affordable Refinance Program and some insurers whose products offer some degree of protection as an added incentive to homeowners interested in refinancing or taking on a new mortgage.

As part of its growth plans, Greenlight Financial Services, Irvine, Calif., has added a reverse mortgage division. The 10-year old company is hiring 400 people across the board to fill its needs as a result of the expansion.

House Democrats are pushing back on the Federal Housing Finance Agency's move to block the city of Chicago from enforcing an ordinance that requires Fannie Mae and Freddie Mac to register their foreclosed properties with the city.

Daniel Mudd, the former Fannie Mae CEO who is the subject of a new, massive SEC fraud suit, announced Wednesday morning that he is taking a leave of absence from his current employer, Fortress Investment Group, New York.

House Republicans Tuesday afternoon killed a Senate-passed compromise on a short-term extension of the payroll tax cut that is funded, in part, by hiking the guarantee fees charged to seller/servicers by Fannie Mae and Freddie Mac.

Loan origination system provider Ellie Mae is changing its strategy for integrating its technology and customer base with that of recently acquired LOS vendor Del Mar DataTrac, by offering the DMD's point of sale application to users of the DataTrac LOS.

Mortgage stocks on Tuesday posted gains as the Dow Jones Industrial Average rose almost 300 points, and the yield on the rate-indicative 10-year Treasury rebounded.

Veterans are refinancing at a healthy clip these days as 2011 ends and loan limits on Department of Veterans Affairs guaranteed mortgages are slated to adjust downward in many counties across the nation.

It's that time of the year again: one in which financial services columnists wax poetic and ponder the Bailey Building and Loan and how if it existed today (it doesn't really) regulators would sue George Bailey (and Uncle Billy and 'Old Man' Potter since he sat on the board) for fraud to go after the D&O insurance.

Vertical Capital Markets Group, Irvine, Calif., this week launched a new fund that invests primarily in assets of residential performing loans secured by first mortgages or deeds of trust.