News
BOK Financial’s correspondent lending division created a unique product to cater specifically to small banks and credit unions.
Ben Cowen, president of BOK Financial Mortgage said, "The company saw purchasing residential mortgages from community banks and credit...
The housing crisis left Ohio's Cuyahoga County with numerous vacant and distressed properties, but a builder is now working alongside the region's land bank to revive the area.
The Cuyahoga Land Bank recently partnered with the St. Clair...
The housing crisis left Ohio's Cuyahoga County with numerous vacant and distressed properties, but a builder is now working alongside the region's land bank to revive the area.
The Cuyahoga Land Bank recently partnered with the St. Clair...
The mass transfer of loans to new servicers is apparently working to the benefit of residential mortgage-backed securities, with new servicers improving overall loan performance within pools, a research report from Opera Solutions suggested this week.
The data analytics...
February home prices rose 10.2% from year ago levels, the largest annual gain in nearly seven years and the 12th consecutive month of national home price growth, CoreLogic said Wednesday.
The real estate analytics firm attributes the steep rise to rapid price appreciation...
Mortgage applications slipped 4% for the week ending March 29 as refinancing activity dropped, an industry trade group said.
Home purchase demand, on the other hand, continued to edge higher, the Mortgage Bankers Association said.
The refinance index dropped 6%...
A federal district court judge says Flagstar Bancorp will have to pay a total of $106 million to Assured Guaranty for failing to ‘repurchase or cure’ defective mortgages in two RMBS securitizations that Assured guaranteed for the Michigan-based bank....
Real estate investment trust Redwood Trust is keeping pace with its monthly issuance goal, setting out on its fifth and smallest private-label residential mortgage-...
Real estate investment trust Redwood Trust is keeping pace with its monthly issuance goal, setting out on its fifth and smallest private-label residential mortgage-...
Bank of America agreed to pay $165 million to settle a dispute launched by the National Credit Union Administration over losses stemming from BofA's sale of residential mortgage-backed securities to individual credit unions.
The bank and certain...
Independent mortgage banks and mortgage subsidiaries of chartered banks experienced a drop in profits from newly originated loans in the fourth quarter of 2012 despite higher origination volumes.
Still, when compared to last year, loan profits have almost doubled in 12 months.
New...
More consumers are seeking the relaxation of getting away, as vacation-home sales rose 10.1% to 553,000 in 2012 from 502,000 in 2011, according to data from the National Association of Realtors.
When surveyed, buyers listed a number of...
Mortgage giant Fannie Mae reported net income of $17.2 billion for 2012, compared to a net loss of $16.9 billion a year earlier, as a result of establishing a healthy mortgage book of business.
The government-sponsored enterprise also reported a net income of $7.6 billion...
Mortgage giant Fannie Mae reported net income of $17.2 billion for 2012, compared to a net loss of $16.9 billion a year earlier, as a result of establishing a healthy mortgage book of business.
The government-sponsored enterprise also reported a net income of $7.6 billion...
Home prices nationwide are going into the second quarter on solid ground and are expected to remain positive throughout the year, according to data from Clear Capital.
For the nation, the three-quarter forecast is 1.7%, which would bring...