Mortgages

The Federal Housing Administration is conducting regular quarterly sales of problem loans where the servicers have exhausted all loss mitigation options and the borrowers are one step away from foreclosure.

Genworth Financial on Tuesday was dubbed 'Bear of the Day' by Zack Equity Research because of its struggling mortgage insurance unit.

The National Association of Federal Credit Unions told Senate leaders this week that continued U.S. support of mortgage-backed securities through Fannie Mae and Freddie Mac is critical for these non-profit lenders.

Among the issues the sandwich generation needs to address when caring for their elderly parents is the financial situation, a financial planner warns.

A 79-year-old Louisiana woman was able to purchase her first home, thanks to a grant from the Federal Home Loan Bank of Dallas, via First NBC Bank.

After several weeks of application declines, it appears that low interest rates are finally causing an increase in new business.

To pay for the President's $450 billion jobs bill, the White House budget office is proposing to reduce the amount of mortgage interest that homeowners can deduct from their income taxes.

"Too big to fail" has already failed some of the country's top mortgage banks, and it should mean the "grow or die" strategy that historically has had a strong hold in Wall Street needs some reconsidering.

It's a concern that years have passed and new-issue private-label RMBS are still pretty elusive. But with lower loan limits approaching this fall and other securitization alternatives moving forward there is more momentum in this area than some think.

Sen. Bob Corker, R-Tenn., is considering bipartisan legislation that would gradually lower the loan limits on federally backed mortgages, a move that could pave the way to private lending flourishing again.

Bank of America Corp. chief executive Brian Moynihan's heavily anticipated speech Monday fell short of the hype, but it was enough to ease tensions.

Roughly 11 million residential properties – representing 22.5% of homes nationwide -- were in some type of negative equity position at June 30, a miniscule improvement from the first quarter, according to new figures compiled by CoreLogic.

A recently established technology vendor says its new database of commercial mortgage information will serve as a lead generation tool for brokers looking to contact property owners who may need to refinance CRE loans.

Total Mortgage Services, a fast growing nonbank lender based in New England, has received final investor approval from Fannie Mae to service the GSE's loans, a move that sets the stage for the firm to hold MSRs.

A government streamlined refinancing program that would reduce monthly mortgage payments for a large number of borrowers appears more likely while insiders fret over new hints on its future and cost burdens on borrowers, the government and investors.

Social media use remains a polarizing issue among mortgage origination companies—they either embrace it or shun it totally. The latter is in part because of the fear, not entirely unfounded, that their regulators who don't have a policy in this area could come down hard on any missteps.

The Consumer Financial Protection Bureau is entering 'round four' of testing new mortgage disclosure forms, and is now requesting public input on what should be said regarding adjustable rate mortgages.

The Obama administration is proposing to use $15 billion of government money for "land bank" opportunities to help communities with large concentrations of distressed commercial and residential properties.

The nation's top five ranked servicers continued to lose market share in the second quarter – compared to the same period a year ago – as refinancings and concerns about capital rules and MSRs affected their decisions to retain receivables.

A federal judge this week ruled that the court-appointed trustee overseeing the liquidation of Thornburg Mortgage, Santa Fe, can move forward with a lawsuit against Barclays Capital alleging the investment banker made improper margin calls that helped drive the jumbo lender/servicer into bankruptcy.