Mortgages

More than a year after the Dodd-Frank Act was supposed to put the issue to rest, the question of whether "too big to fail" still exists is once again consuming the financial services industry.

Radian Group Inc., the nation's third largest mortgage insurer, said in a new regulatory filing Wednesday that it has fired its chief operating officer Robert Griffith and reduced its workforce by 7%.

Loan sale advisor DebtX is selling $160 million of performing and non-performing commercial real estate loans for German depository Deutsche Postbank.

House and Senate appropriators are moving toward approving the Department of Housing Urban Development's fiscal year 2012 budget bill with few changes to FHA and Government National Mortgage Association programs.

The Federal Reserve Wednesday afternoon revealed that it will start purchasing agency MBS once again as a way to help support the mortgage market.

Mortgage bankers are once again enjoying the salad days: interest rates are the lowest they've been since the early 1950s, and their phones are ringing with frantic calls from consumers who want to refinance. The industry has seen this picture before: applications are flooding in at a pace not seen in several quarters, which means they need to staff up, but by how much?

FCI Lender Services, the nation's largest servicer of privately held mortgages, has received final servicing approval from the Federal Housing Administration.

Consumers are sharing more personal information online than ever — but they don't want to share it with their mortgage lenders and banks.

Demand for Federal Housing Administration single-family loans rose in August with lenders funding $17.4 billion of government-backed product, an 8% increase from the prior month.

Sales of existing single-family homes jumped 8.5% in August despite hurricane weather in the Northeast, igniting hopes that the long beleaguered housing market could be coming up for air.

DelShah Capital, a real estate acquisition, development and management company that owns and operates multifamily and commercial properties in New York, sold a foreclosed Pennsylvania hotel for $4 million.

BuildFax and DataVerify have come together to create an automated solution that confirms if a proper appraisal was conducted for newly constructed properties.

Mortgage bankers originated $291 billion of residential loans in the second quarter — the industry's worst performance since the height of the housing crisis almost three years ago, according to exclusive survey figures compiled by National Mortgage News and the Quarterly Data Report.

With the mortgage industry almost finishing its fourth consecutive year of being in a housing crisis with no end in near sight, asset management companies have to be more creative in finding ways to help their clients maximize returns for their distressed assets.

Mortgage applications rose by just under 1% on a seasonally adjusted basis for the week ending September 16 with refinancings gaining steam, according to new figures compiled by the Mortgage Bankers Association.

Home sales in California, the largest single-family market in U.S., are likely to rise 1% in 2012 after being essentially flat this year, according to a new forecast from the California Association of Realtors.

The National Credit Union Administration this week proposed a handful of regulatory measures, including new rules on participations that would require residential originators to retain some of the loans they participate out.

A Florida court ruling could make it harder for mortgage servicers to use computer records as evidence for foreclosure without verifying the underlying information.

A top Republican on the House Financial Services Committee said Tuesday she is disappointed that the GOP has not been able to fix Fannie Mae and Freddie Mac since taking control of the House in January.

Berkadia Commercial Mortgage LLC, Horsham, Pa., has expanded its staff in the senior housing and healthcare lending business, in what it calls a renewed commitment to those markets.