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Mortgage delinquencies and foreclosures recede to prerecession rates
News 4 months ago
Mortgage delinquencies and foreclosures recede to prerecession rates

Better credit quality and the influx of refinancing during the low interest rates of the last few years pushed mortgage performance to the highest...

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Changes to capital rules should be part of GSE overhaul
News 4 months ago
Changes to capital rules should be part of GSE overhaul

Acting Federal Housing Finance Agency Director Joseph Otting has certainly gotten the mortgage market's attention. To the great interest of all...

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News 4 months ago
Commercial banks unlikely to return to residential mortgages

Over the past decade since the 2008 financial crisis, the commercial banking industry has slowly withdrawn from the most risky portion of the U. S....

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News 4 months ago
Fintech targets banks keen for out-of-market CRE loans

As more banks take the often risky step of expanding outside their traditional markets, especially through digital means, some fintechs sense an...

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News 5 months ago
Wells Fargo takes back top spot for Fannie Mae multifamily in 2018

While Fannie Mae's multifamily origination volume took a step back from 2017's record high of $67 billion, its delegated underwriting and servicing...

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News 5 months ago
Commercial mortgage market should prep for Libor switch now: MBA

While the London interbank offered rate won't go dark until 2021, the commercial real estate finance industry should start preparing for the...

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News 5 months ago
Adjustable-rate mortgage share grows along with demand: Ellie Mae

Adjustable-rate mortgages for the second consecutive month hit a post-crisis high, due to strong demand for housing being constrained by a lack of...

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News 5 months ago
24 million mortgage documents exposed in data security lapse

A security lapse left millions of mortgage records exposed online without proper data protections, according to security researchers. The cache of...

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News 5 months ago
Rising mortgage rates will have little effect on home purchases: S&P

Rising mortgage rates will only be "a mild deterrent" to home purchase activity during 2019 as other indicators like price and demand will cancel...

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News 5 months ago
Redwood Trust exercises its option to buy the rest of 5 Arches

Redwood Trust has exercised its option to expand its minority stake in 5 Arches to 100%, increasing Redwood's exposure to loans used for house...

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News 5 months ago
Mortgage applications decrease as rising rates reduce loan demand

Mortgage application activity decreased from one week earlier as rising interest rates cooled borrowers' interest in getting a loan, according to...

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News 5 months ago
Flagstar's mortgage business softer than expected: CEO

Flagstar Bancorp's acquisition of 52 Midwest branches of Wells Fargo helped increase its core customer base, but its mortgage results were lower...

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News 5 months ago
Mortgage lenders call construction loans their most promising product

In a slow mortgage market, construction loans are considered the most likely source of growth for lenders, according to Altisource's latest annual...

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News 5 months ago
I refused a consent order. Now regulators want my mortgage license

In May of this past year, the Connecticut Department of Banking conducted an examination of my mortgage company, 1st Alliance Lending. The auditors...

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News 5 months ago
Wells, Chase mortgage results stifled by lagging activity

Wells Fargo and JPMorgan Chase had reduced mortgage-related earnings in the fourth quarter as home loan activity continues to fall short of...

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News 5 months ago
Freedom Mortgage crafts team devoted to borrowers affected by shutdown

Amidst the longest government shutdown in U. S. history, mortgage lenders are gearing up to support struggling homeowners. With a number of...

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News 5 months ago
Houston real estate market breaks records

Houston's housing market shattered records in 2018, despite lingering effects from Hurricane Harvey and concerns that began late in the year over...

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News 5 months ago
Citi takes another step away from mortgages as originations fall

Citigroup's residential mortgage originations declined 23% and its home-loan revenue dropped by 35% year-over-year in the fourth quarter of 2018,...

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News 5 months ago
CFPB mortgage rule didn’t cost industry much, agency says

The industry's worst fears about higher costs and less available credit stemming from the Consumer Financial Protection Bureau's mortgage rules...

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News 5 months ago
American Mortgage Consultants buys Meridian Asset Services

Due diligence firm American Mortgage Consultants has purchased Meridian Asset Services as part of its continuing efforts to expand through...

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News 5 months ago
Manufactured housing servicer's rating could herald new private RMBS

Cascade Financial Services has become the only manufactured housing loan-focused servicer currently rated by Fitch, adding signs of a rebound in...

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News 5 months ago
Lovell Minnick Partners buys property data firm Attom Data Solutions

Private equity firm Lovell Minnick Partners has purchased mortgage and property information provider Attom Data Solutions in Irvine, Calif., from...

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News 5 months ago
Rural America needs an expanded Farm Credit System

There are now two Americas: a growing, dynamic and prosperous urban America (including suburbs) that votes almost exclusively Democratic, and a...

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News 5 months ago
What it takes to be a Best Mortgage Company to Work For

What it takes to be a Best Mortgage Company to Work For Recruiting is the key to profitability, Highlands Residential Mortgage finds Radius...

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News 5 months ago
2019 Best Mortgage Companies to Work For

Recruiting is the key to profitability, Highlands Residential Mortgage finds What it takes to be a Best Mortgage Company to Work For Radius...

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News 5 months ago
How we pick the Best Mortgage Companies to Work For

National Mortgage News is pleased to present the inaugural Best Mortgage Companies to Work For, a survey and awards program dedicated to...

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News 5 months ago
Freddie Mac issues first multifamily risk-sharing deal using reinsurance

Freddie Mac completed its first multifamily credit risk transfer transaction that used an insurance/reinsurance structure. The transaction, MCIP...

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News 5 months ago
People on the move: Jan. 4

LRES, a residential and commercial mortgage services company, has promoted Audrey Clearwater to senior vice president of operations. Clearwater,...

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News 5 months ago
Lead gen tool lets borrowers send text messages to prequalify for a mortgage

As the mortgage industry continues making digital strides, offering mobile device capabilities may be taking on a new meaning. Mortgage marketing...

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News 5 months ago
Regulators urged to hold hearing on proposed appraisal relief

WASHINGTON — Sixteen appraisal organizations have called on the federal bank regulators to hold a public meeting on a proposal to reduce the scope...

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