 The company is planning to "put the issues related to the mortgage industry behind us."  'Very few banks or mortgage banks actually have a national builder division any longer, if they ever did.'  The mortgage banking group's wish list is simple - but can the industry get there?  Mortgage fraud took center stage in several corners of the U.S., led by a 12-year federal prison sentence for a Chicago man.  WORD ON THE STREET: The chairwoman of the National American Indian Housing Council offers a distinctive strategy to address a significant housing problem. |
A federal judge has issued a new decision on a lawsuit accusing JPMorgan Chase & Co. of misrepresenting risky residential mortgage-backed securities (RMBS) that it sold to European bank [Read More]
PERSON OF THE WEEK: Military families are more likely to have excessive credit card debt compared to average Americans and have been described by the U.S. Department of Defense [Read More]
News
U.S. mortgage rates moved higher for a second consecutive week, with the benchmark 30-year fixed mortgage rate climbing to 3.71%, according to Bankrate.com's [Read More]
Alpharetta, Ga.-based real estate investment company Hibernian Pacific Holdings LLC (HPH) has purchased a portfolio of 45 single-family attached and detached residential properties [Read More]
Late payments on U.S. commercial real estate loan collateralized debt obligations (CREL CDOs) remained flat in April at 13.2%, according to the latest [Read More]
From The Orb
BLOG VIEW: Last week, the GSEs released their numbers for the first quarter of 2013. Under normal circumstances, for normal companies, the figures would have simply represented strong financial [Read More]
It is easy to get turned off on politics, especially in view of the strident nature of recent political campaigns and the partisan intransigence that seems to have kept [Read More]
President Obama has announced his new man for the role of Federal Housing Finance Authority (FHFA) director: U.S. Rep. Melvin Watt from North Carolina, a Democrat. "One of the [Read More]
According to CoreLogic's March National Foreclosure Report, there were 55,000 completed foreclosures in the U.S. in March 2013, down from 66,000 in March 2012: a year-over-year decrease of 16%. [Read More]
News
Loan origination software provider LendingQB says it has implemented mortgage insurance (MI) company underwriting guidelines into its automated underwriting system (AUS) so that [Read More]
CoreLogic has released a new analysis of home price trends that finds prices increased by 7.3% in 2012, the strongest rate of appreciation [Read More]
According to a first-quarter analysis from online real estate marketplace Zillow, in 64% of U.S. metropolitan areas, buying a home is a better [Read More]
According to Ellie Mae's "Origination Insight Report" for April 2013, lender pull-through was strong for the month, with an overall closing rate of [Read More]
CashCall has selected the Kofax Mobile Capture for Mortgage mobile app to streamline and automate mortgage loan processing functions, such as capturing original [Read More]
Lender Processing Services Inc. has launched its Workout Interaction Tool (WIT), a Web-based application that provides data from its MSP servicing system to [Read More]
Fitch Ratings has finalized its new model framework for estimating losses on prime Canadian residential mortgage pools, which allows the firm to better [Read More]
