News
Thomas Curry, Comptroller of the Currency, publicly defended the agency's mutual decision with other regulators to end a complex process of reviewing foreclosures for signs of...
A proposal that gained traction before dying in San Bernardino County, Calif., would have allowed the county to seize privately securitized mortgages to refinance them in an attempt to save underwater homeowners.
At least that's how the plan was pitched last...
New Residential Corp., a spin off of Newcastle Investment Corp., told investors it plans to focus on nonagency residential mortgage-backed securitizations for growth opportunities in 2013.
New Residential stated that the nonagency RMBS market offers $1...
New Residential Corp., a spin off of Newcastle Investment Corp., told investors it plans to focus on nonagency residential mortgage-backed securitizations for growth opportunities in 2013.
New Residential stated that the nonagency RMBS market offers $1...
Federal Housing Administration Commissioner Carol Galante testified before the House Financial Services Committee, asserting that the federal agency can avoid an...
The Consumer Financial Protection Bureau will provide lenders and servicers with plain-language guides, rule interpretations and other materials to help them comply with new mortgage lending and servicing rules.
The CFPB’s ability-to-pay rule and national servicing...
Mortgage application filings fell 6.4% for the week ending February 8 as both refinancing and home purchase activity declined, an industry trade group.
Coincidentally, mortgage rates also continued to rise after spending 2012 near record lows. Analysts are not suggesting that the data...
Online real estate marketplace giant Trulia posted a record fourth-quarter revenue of $20.6 million, up 75% year-over-year, according to the company’s quarterly and yearly report.
Additionally, marketplace revenue in 4Q12 rose 90% year-over-year to $13.9 million and...
Altisource Portfolio Solutions is buying sections of Ocwen Financial Corporation's ($44.48 0.23%) non-core assets.
The...
About 27% of borrowers that refinanced an existing mortgage in the final quarter of 2012 chose to shorten their loan term, while 69% of borrowers kept the same term as the loan that they paid off, according to a report from Freddie Mac.
Additionally, refinancing...
JPMorgan Chase ($52.30 0%) is said to be delayed in bringing its first private-label residential securitization to market post-recession...
Housing activity as a whole showed strong signs of improvement in 2012. However, employment within the industry remained close to post-bubble lows, according to a research report from Goldman Sachs.
Residential investment-related jobs are totaling about 2.6 million,...
Housing activity as a whole showed strong signs of improvement in 2012. However, employment within the industry remained close to post-bubble lows, according to a research report from Goldman Sachs.
Residential investment-related jobs are totaling about 2.6 million,...
The national mortgage delinquency rate declined for the fourth consecutive quarter, decreasing from 5.41% in the third quarter of 2012 to 5.19% in the fourth quarter of 2012, a credit reporting agency said Tuesday.
On a year-over-year basis, the mortgage delinquency rate — the rate of...
About half of today's mortgage originations would not qualify as a safe loan under the qualified mortgage rules if the market were to remove all exemptions for government-sponsored loans, CoreLogic...