Mortgages

A California man and his unnamed co-conspirator netted a total of at least $5 million from thousands of homeowners, federal prosecutors said.

Mortgage applications were up for the first time in over a month, with government refinances in particular seeing a sizable bump.

A quarter-percent increase would eliminate more than a million buyers for median-priced homes according to the National Association of Home Builders.

The overall number for late payments hasn’t looked this favorable since at least 1999, according to CoreLogic’s December report.

CEO Michael Isaacs is merging a nonbank lender acquired last year with stakes in real estate and insurance firms, and has an aggressive growth plan for servicing.

As independent mortgage bankers feel a liquidity pinch, portfolio sales such as the one being brokered by Mortgage Industry Advisory Corp. are likely to increase.

The $1.7 trillion in purchase lending for the year is the most ever recorded according to Black Knight’s January Mortgage Monitor Report.

A record share of Americans anticipate that rents will go up over the next 12 months, according to Fannie Mae data going back to 2010.

After a tumultuous week of big yield swings and heightened volatility in the U.S. Treasury market, investors are bracing for another hot inflation report, while the war in Ukraine increasingly casts a pall over Europe and the global economy.

National Mortgage News presents the fourth annual rankings — a survey and awards program dedicated to recognizing the industry's best employers and providing organizations with valuable employee feedback.

The two states' combined plans amount to over $1.5 billion of the Homeowner Assistance Fund included within the American Rescue Plan Act , which was passed a year ago.

Last year’s issuance of securitizations for these non-conforming mortgages was the most since 2007.

The Ukraine-Russia conflict has caused volatility in mortgage rates and that is likely to attract more buyers into a tight housing market, the analysis found.

But recent rate drops in response to the Ukraine invasion and increases in broader employment suggest another uptick in housing finance payrolls is not out of the question.

Lenders and servicers that take a business-as-usual approach to managing their flood portfolios may be exposed to undue risk.

While it was the largest quarter-to-quarter drop in three years, the percentage changes in dollar volume were more moderate, according to Attom Data Solutions.

Minus the adjustment made to account for stock price declines and goodwill, the company’s countercyclical mix of loan products was profitable, but secondary-market volatility presents a challenge ahead.

The effect of the conflict and upcoming Fed announcements have left much of the industry guessing about what happens next.

The grants are given directly to counseling agencies in a dollar-for-dollar amount up to $125,000.