Bank Of America Found Liable For Fraud In Mortgage Case
Following a four-week trial, a federal jury in Manhattan on Wednesday found Bank of America liable for fraud in connection with faulty mortgages...
Housing Market Jumps From Last Year, Investors Give Boost
U.S. residential properties, including single-family homes, condominiums and townhomes, sold at an estimated annualized pace of about 5.67 million in September - up...
LPS: Mortgage Delinquency Rate Climbed 4.23% In September
The national mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) increased 4.23% in September to reach 6.46%...
FHFA: Home Prices Rose 0.3% In August
U.S. home prices continued on their upward trajectory in August, rising 0.3% compared to July, on a seasonally adjusted basis, according to the...
ValueLink Software Integrates With Platinum Data’s RealView
Houston-based ValueLink Software and Aliso Viejo, Calif.-based Platinum Data Solutions have entered into a partnership that integrates Platinum's RealView system with the ValueLink...
LPS Introduces New Loan Quality Assessment Tool
Lender Processing Services Inc. (LPS) has launched Quality Insight, a loan quality tool that assesses loan data and document accuracy. The company says...
National Effective Rent Growth Continues Deceleration In September
Axiometrics Inc., a Dallas-based provider of apartment data and research, reports that national effective rent growth, which has been moderating at the national...
TD Bank Seeks 140 New Mortgage Loan Officers
TD Bank has announced plans to hire 140 mortgage loan officers to support the bank's mortgage business. Since 2010, TD has seen a...
Survey Says Appraisers Foresee Continued Growth
Appraisers expect continued growth in mortgage lending appraisals and in specialized areas of consulting, according to a recent survey conducted by the Appraisal...
Cordray: CFPB Will Be ‘Sensitive’ To Lenders’ Compliance Efforts
Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), told a group of mortgage bankers today that he does not expect a...
NRMLA: Seniors See Home Values Increase 12.5% Since 2011
Americans age 62 and older saw their home values increase an average of 12.5% since the second quarter of 2011, according to a...
MERS System Content Now Available Through AllRegs
The current versions of two documents critical to users of the Mortgage Electronic Registration Systems (MERS) - the System Rules of Membership and...
New York State Home Sales Jump In Third Quarter
Motivated homebuyers dominated New York's summer housing market, powering 17.4% jumps in both statewide closed sales and pending sales during the third quarter,...
MBA’s Michael Fratantoni Promoted To Chief Economist
Michael Fratantoni, currently vice president, single-family research and policy development at the Mortgage Bankers Association (MBA), has been promoted to chief economist and...
Freddie Mac Multifamily Receives Rankings From Morningstar
Government-sponsored enterprise Freddie Mac has received a commercial mortgage special-servicer ranking of MOR CS2 and a commercial mortgage trust advisor ranking of MOR...
MISMO Reference Model Version 3.3 Released For Public Comment
The Mortgage Industry Standards Maintenance Organization (MISMO), the voluntary standards development body for the mortgage industry, this week introduced version 3.3 of the...
Gilster Named Chair Of MISMO’s Residential Standards Governance Committee
Randy Gilster, senior vice president of business capability development at Wells Fargo Home Mortgage, has been selected to serve as chairman of the...
One In Five Mortgages Would Not Meet Safe Harbor, Test Shows
One in five mortgages issued today would not qualify for safe harbor under Dodd-Frank, according to a new report from ComplianceEase, which offers...
MBA Hires New VP Of Membership
Tricia Migliazzo, formerly director of business development/capital markets/AFO for Lenders One/Altisource Portfolio Solutions, has joined the Mortgage Bankers Association (MBA) as vice president...
Fannie Mae To Increase Down Payment Requirement To 5%
Fannie Mae is scheduled to implement changes to its Desktop Underwriter (DU) system on Nov. 16 that will make it harder for some...