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PMI Mortgage Insurance has faced turbulent times these past few years after the mortgage insurer was pulled into receivership and then a bankruptcy proceeding by its primary regulator, the Arizona Department of Insurance.
Now it looks like reinsurer Arch Capital...
Three years after loan consummation, a borrower is able to file a lawsuit seeking rescission as long as the borrower has sent a written notice of rescission within that timeframe, attorneys with Ballard Spahr said in a recent report.
In a recent case,...
Three years after loan consummation, a borrower is able to file a lawsuit seeking rescission as long as the borrower has sent a written notice of rescission within that timeframe, attorneys with Ballard Spahr said in a recent report.
In a recent case,...
Fixed-mortgage rates relaxed this week, showing rates either remaining unchanged or dropping slightly, Freddie Mac said in its Primary Mortgage Market Survey.
The 30-year, fixed rate was 3.53% for the week ending Feb. 7, the same as last week, but down from 3.87% a year...
A lack of clarity about the future of federal housing agencies has kept private capital on the sidelines of the mortgage finance system, U.S. lawmakers warned Wednesday.
Congressional leaders and housing analysts expressed those fears during a hearing, examining the role of the Federal...
The number of mortgage applications filed by Americans grew moderately last week as interest rates crept higher, an industry trade group said.
The Mortgage Bankers Association's market composite index – a measure of loan application volume – grew 3.4% over the...
The number of mortgage applications filed by Americans grew moderately last week as interest rates crept higher, an industry trade group said.
The Mortgage Bankers Association's market composite index – a measure of loan application volume – grew 3.4% over the...
Carrington Mortgage Services introduced a 25-day loan closing intiative for borrowers who want to substantially reduce the time it takes for them to refinance or purchase a home.
Carrington said the program is designed to reduce closing times by nearly 50% when comparing...
Fannie Mae and Freddie Mac still dominate the financing landscape for multifamily properties, but more competition is starting to come from life insurance companies, national banks, financial firms and structured financing vehicles in the form of commercial...
Multifamily mortgage originations grew 49% over last year during the fourth quarter as commercial originations overall soared above 2011 levels, the Mortgage Bankers Association said in a new report Monday.
The jump in originations occurred as low interest rates prompted...
As the largest source of multifamily financing in 2012, Fannie Mae provided the multifamily market with $33.8 billion last year, marking the third highest acquisition year in its history.
The company worked with lender partners to refinance nearly 560,000 units of...
In an attempt to boost transparency, two lawmakers requested documents related to the $8.5 billion foreclosure settlement intended to compensate homeowners who allegedly experienced improper foreclosures.
Back in April 2011, the Federal Reserve System and the ...
In an attempt to boost transparency, two lawmakers requested documents related to the $8.5 billion foreclosure settlement intended to compensate homeowners who allegedly experienced improper foreclosures.
Back in April 2011, the Federal Reserve System and the ...
Opponents of the Consumer Financial Protection Bureau introduced legislation this week that could prevent the CFPB from enforcing or implementing regulations without a constitutionally confirmed director in place.
The bill also would block the CFPB from using Federal...
Fixed mortgage rates continued an upward trend from last week, amid a strengthening economy, led in part by the housing recovery, Freddie Mac said in its Primary Mortgage Market Survey.
The 30-year, fixed-rate hit 3.53% for the week ending Jan. 31, up from 3.42%...