Mortgages

Freddie Mac purchased $21.7 billion of mortgages from its seller/servicers in July, its worst acquisition month of the year and only about half of what it bought in January.

Brennan Investment Group LLC, a Chicago-based private real estate investment firm, has formed a joint venture with TriGate Capital LLC, Dallas, to purchase industrial properties across the nation.

The Mortgage Bankers Association is being inundated by member complaints about the Federal Housing Administration's policy decision to extend the forbearance period for unemployed homeowners to 12 months.

For many years, mortgage originators have pitched to consumers that the ideal situation is for them to come see their loan officer to get prequalified before going home shopping.

A roughly 7 basis point increase in 30-year weekly rates and gains in bond yields from recent record lows could dampen refinancing applications a bit unless they motivate a significant group of fence-sitting borrowers to act.

Home prices rose just under 1% in June after a 0.4% increase in May, according to new figures compiled by the Federal Housing Finance Agency.

PSM Holdings Inc., Roswell, N.M., has agreed to buy Iowa Mortgage Professionals Inc., a banker/broker based in Des Moines, Iowa.

American Realty Capital Properties Inc., New York, said it expects its initial public offering to close on Sept. 6, with trading of the company's common stock to start the following day on the NASDAQ Capital Market, that exchange's tier for small cap stocks.

Del Mar DataTrac Inc. fits very well into the customer acquisition strategy that Ellie Mae laid out to investors as its was preparing to do its recent initial public offering, an executive with the Pleasanton, Calif.-based mortgage technology provider explained.

So, were you one of the people who thought scrapbooking was just a fad and that it would go away after a short period of time? I did! But surprise, it’s more popular than ever!

Bank of America Corp.'s share price spiked 17% Thursday morning on news that Warren Buffet's Berkshire Hathaway is investing $5 billion in the company.

In an ironic twist, the commercial banking industry is coming to the defense of the Consumer Financial Protection Bureau.

Sales of homes that were in some stage of foreclosure or bank-owned status accounted for 31% of all residential transactions in the second quarter, a slight decline from 1Q, according to new figures released by RealtyTrac.

If President Obama wants to create jobs in the building trades he should create a housing trust fund to finance the construction and renovation of rental units for extremely low-income households, according to non-profit housing groups.

Flagstar Bank FSB, a top 15 ranked residential lender, Wednesday afternoon acknowledged that it received a delisting warning from the New York Stock Exchange because of its low share price.

A New Jersey Superior Court Appellate Division has ruled that Deutsche Bank has to start the default foreclosure process all over again on a property it tried to foreclose in 2008.

Sabal Financial Group has acquired a loan portfolio from a Midwest retail bank for $212 million.

First- and second-mortgage default rates are down through July 2011, according to S&P/Experian Consumer Credit Default Indices.

With the Sept. 1 deadline looming where servicers have to comply with a consent order enforcing a single point of contact during the foreclosure process, Celink has implemented a new module to help its clients' borrowers who are in a default status.

When the new Home Affordable Modification Program was gaining some momentum in the fall of 2009, it became evident that servicers were being deluged with applications from struggling homeowners.