Mortgages

Rep. Elijah Cummings, D., Md., ranking member of the House Oversight Committee, and other members of Congress are set to meet with GSE regulator Ed DeMarco Thursday afternoon to discuss President Obama's yet-to-be released refinancing plan.

An analyst for FBR Capital Markets thinks Walter Investment Management could see the servicing rights for more loans coming to it from the Bank of America/Fannie Mae transaction.

GMAC Mortgage LLC, Fort Washington, Pa., and Loan Value Group, Rumson, N.J., have partnered in an effort to provide cash incentive rewards to certain VA borrowers who are under water on their loans, make timely and consistent payments on their mortgages and meet other criteria.

Servicers completed only 25,400 HAMP modifications in August -- the lowest number of monthly completions this year, according to new figures released by the Treasury Department.

The 30-year fixed-rate mortgage, continuing to test new lows, dropped below 4% for the first time in modern history to 3.94% during the week ending Oct. 6, according to Freddie Mac's weekly survey.

The tax code may be broken, but now's not the time to fix it, at least as it pertains to the mortgage interest deduction and other write-offs afforded home owners, witnesses testified at a Senate hearing on tax reform options.

The Mortgage Technology Awards have a long tradition in the mortgage finance and technology industries for recognizing innovative technology developers and users that are promoting more efficient and cost-effective lending practices.

If you want your associates to be creative, innovative and flexible, it helps to make your meetings fun. Here are three examples.

Home prices in the U.S. decreased 0.4% in August on a sequential basis, the first monthly decline in four months, according to new figures released by CoreLogic.

The Federal Housing Administration, facing a dramatic increase in technical defaults on reverse mortgages, will launch a major review of its program with a possible overhaul coming down the road.

Bank of America this week made the decision to exit retail lending in six low volume states including Alabama, Alaska, Montana, Nebraska, Wisconsin, and Wyoming, National Mortgage News has learned.

In the mortgage industry changes can be exciting and frightening at the same time, said Cheryl Lang, president and CEO of Houston-based Integrated Mortgage Solution.

With real estate agents struggling to sell their REO and foreclosed properties in a difficult economy, RealtyBid.com is offering these individuals a discount to use their online auction website to try to get rid of their assets.

Miami home sales in August increased 25% year-over-year, but home prices trended lower, according to a DataQuick report Wednesday.

Mortgage REIT Dynex Capital Inc. has entered into a memorandum of understanding reflecting an agreement in principle to settle all claims in a class action lawsuit and separately said it expects to exercise a refinancing option on collateralized financings.

Faith Schwartz, Executive director of the Hope Now Alliance has called for "continued support" and funding from public-private partnerships to secure free of charge, sustainable, HUD-approved, housing counseling.

In dealing with mortgage issues, the Consumer Financial Protection Bureau wants to ensure that customers have access to home loans—and that residential lenders have access to the secondary market.

For the second time in the summer of 2011, the investment firm First Market Properties has purchased the mortgage on a distressed multifamily asset in Phoenix.

The amount of home equity owned by American seniors fell by $63 billion between the first and second quarters, the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index found.

The aggregate value of CMBS commercial real estate loan collateral priced by DebtX in August rose to 85.9% from 85.3% the previous month, according to a Wednesday morning report from the company.