Mortgages

Some of the nation’s top banks including Bank of America and JPMorgan Chase – which also rank first and third, respectively in terms of housing receivables -- flunked Fannie Mae's latest test of mortgage servicers, but the GSE isn’t exactly saying that.

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House appropriators this week introduced a temporary measure that will continue to fund government operations, including the flood insurance program, through Nov. 18.

Foreclosure activity increased 7% in August over the prior month – but was down 33% compared to the same month a year ago, according to new figures compiled by RealtyTrac.

Wanted: 520 mortgage professionals – and the man doing the hiring is former DiTech chief Paul Reddam.

ISGN, Bensalem, Pa., last month at its client conference highlighted the accessibility of its Catapult origination system via smartphones and tablet devices at its client conference in Atlanta.

There might be some Veterans Affairs loan program funding fee changes on Oct. 1st—or maybe not!

The Department of Housing and Urban Development wants All American Home Mortgage Corp. to indemnify the FHA against future losses on five loans that violated agency guidelines.

Fixed mortgage rates fell to the lowest level in six decades for the second straight week, according to new figures compiled by Freddie Mac.

The once red-hot mortgage REIT sector is in for a cold dose of reality — which could spill over to the already-cool housing market.

The Mortgage Bankers Association is urging the Federal Housing Administration to reopen its 203(k) program to local investors wanting to buy and renovate foreclosed properties.

David Stevens, who departed as the Federal Housing Administration commissioner back in the spring, is concerned that the government insurer's capital reserves could be hurt by the lack of house price appreciation and other factors.

Redwood Trust – the only firm to publicly issue any jumbo MBS in two years – is about to come to market with its third offering.

The National Association of Mortgage Field Services and REO property preservation and maintenance company Field Asset Services have recently launched two new tools to improve communication between code enforcement officials and field service providers.

In recent weeks Bank of America has been telling analysts and shareholders that it is actively selling – or has sold -- mortgages servicing rights while offering little, or no, details on what may've been unloaded, and at what price.

Default servicing technology provider DecisionReady has released a new compliance management module that will help servicers handle relationships with their vendors.

As unemployment rates and home financing problems continue to linger nationwide, delinquent mortgages and foreclosures are declining in community land trusts, according to a study conducted by a researcher from the Housing Fund and Vanderbilt University.

Three officials – including chief operating officer Craig Wildrick – recently left Allonhill, an independent third-party mortgage review firm based in Denver.

Loan sale advisor DebtX is selling $160 million in performing and nonperforming commercial real estate loans from Deutsche Postbank.

Trends in the title insurance market show that while business is still strained, the tension is lessening and companies with strategic vision can begin to capitalize on the opportunities at hand, according to a new report from Demotech.