 Right now, CRE investors are "looking for yield wherever they can get it."  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. |
According to new figures from Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, the U.S. loan delinquency [Read More]
Although existing-home sales rose in April, they remain below underlying demand because of limited inventory and tight credit, according to the National Association of Realtors (NAR). On the positive [Read More]
News
Miami-based Omega Commercial Finance Corp. (OCFN) plans to launch its first commercial real estate pooled fund, called Omega Asset Backed Fund I LP, [Read More]
Stonegate Mortgage Corp., a specialty financial services firm focused on the U.S. residential mortgage market, has raised $115 million in a private offering [Read More]
Bellevue, Wash.-based RCO Legal PS is merging with Atlanta-based Johnson & Freedman LLC to create one of the largest mortgage banking law firms [Read More]
From The Orb
Joseph A. Smith Jr., the official monitor of the National Mortgage Settlement, has received an update on the consumer relief activities performed by the five banks that are parties [Read More]
Passage of current legislation that creates a path to legalization for 11 million undocumented immigrants could create a new pool of 3 million homeowners and pump more than $500 [Read More]
The government's involvement in the mortgage market has ballooned to unhealthy proportions, according to the Mortgage Bankers Association (MBA). So what can the Federal Housing Finance Administration (FHFA) do [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
Business process outsourcing and learning solutions provider Indecomm Global Services now has a stronger foothold in the mortgage training space, with the acquisition [Read More]
Greystone, a provider of multifamily and healthcare mortgage loans, has been approved by Freddie Mac as a National Senior Housing Seller/Servicer to originate [Read More]
Chicago-based Fay Servicing, a special servicer that manages distressed and at-risk residential mortgages, has launched a new hiring initiative to attract qualified mortgage [Read More]
Jane Fraser, who served as CEO of Citigroup's private bank for the past four years, has reportedly been tapped as the new chief [Read More]
A shortage of housing inventory is driving up home prices in select metropolitan markets, according to Pro Teck Valuation Services' May "Home Value [Read More]
To help mortgage servicers comply with new Consumer Financial Protection Bureau (CFPB) regulations, IndiSoft is partnering with Hope LoanPort (HLP) to facilitate seamless [Read More]
Residential appraisal firm Accurity Valuation is now using ACI's real estate appraisal software to streamline the production and distribution of appraisal reports. With [Read More]
