Mortgages

Calling his first meeting with GSE regulator Edward DeMarco "disappointing," the chairman of a House task force on housing stabilization wants more answers from the regulator - plus he wants to see the agency's national refinancing plan before it's announced publicly.

National Creditors Connections Inc., Lake Forest, Calif., is in a hiring mode, tripling its loss mitigation staff to 65 full-timers since January.

The credit quality of commercial mortgage-backed securities loans appears to be slipping a bit, according to a Moody's Investors Service report Friday.

MGIC Investment Corp., the nation's largest mortgage insurer, posted a net loss of $165 million in the third quarter while revenue and new policies written continued to slide amid a depressed housing market.

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Cash may be king when it comes to buying a home, but for the nation's home builders, it's princely to have their own mortgage companies.

Residential delinquencies fell to 8.09% in September, a slight decline from the prior month but an almost 13% improvement from the same month a year ago, according to new "First Look" figures compiled by Lender Processing Services.

When it comes to the mortgage and housing bust don't blame ARMs. The proliferation of adjustable rate mortgages – and payment shock – during the boom years was not a major cause of the foreclosure crisis in this nation, Federal Reserve Bank of Boston economist Paul Willen told a Congressional panel Thursday.

The Senate late Thursday approved an amendment to restore the $729,750 maximum loan limit on government-back mortgages for two more years.

Nine subservicing firms this week received approval to handle loans underlying Bank of America-owned Countrywide RMBS as part of a proposed $8.5 billion settlement.

Annual sales of existing homes and condos in Florida increased 10% in September indicating an upswing trend that started to become apparent in January may continue.

Mortgage Bankers Association chief economist Jay Brinkmann gave attendees at the group's annual convention in Chicago one sentence of caution regarding how he came to make his economic forecast: “Don't put a whole lot of stock in any one particular number.”

Sales of existing single-family homes fell 3.6% in September after a 9% spike in August, according to new figures released by the National Association of Realtors.

Mortgage rates generally appear to be stabilizing after last week's jump above record lows, according to Freddie Mac's latest survey.

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Consumer credit defaults were higher for first and second mortgages in September from the previous month, according to the S&P/Experian consumer credit default indices.

A federal judge has ruled the massive $8.5 billion settlement between Bank of America and several large investors who lost billions on private label MBS will be heard in federal court.

Half of the 12 Federal Reserve Banks reported an increase in mortgage refinancings by lenders operating in their districts, according to the central bank's new 'Beige Book' report.

Wells Fargo & Co. has been the market leader in residential fundings for two years now -- but never before has it opened up such a wide lead over its two closest competitors, JPMorgan Chase and Bank of America.

The New York State Court of Appeals late Wednesday agreed to hear an appeal from Hudson Valley Federal Credit Union, which claims its status as a federally chartered credit union should exempt it from the state's recordation transfer tax on all real estate transactions.