 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. |
Jane Fraser, who served as CEO of Citigroup's private bank for the past four years, has reportedly been tapped as the new chief executive of the bank's mortgage unit. [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]
News
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]
From The Orb
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]
BLOG VIEW: Last week, the GSEs released their numbers for the first quarter of 2013. Under normal circumstances, for normal companies, the figures would have simply represented strong financial [Read More]
It is easy to get turned off on politics, especially in view of the strident nature of recent political campaigns and the partisan intransigence that seems to have kept [Read More]
President Obama has announced his new man for the role of Federal Housing Finance Authority (FHFA) director: U.S. Rep. Melvin Watt from North Carolina, a Democrat. "One of the [Read More]
News
Opes Advisors, a wealth management and mortgage banking firm based in Palo Alto, Calif., has launched a new bridge loan program designed for [Read More]
CFI Group, a customer satisfaction technology and analytics firm, has entered into a partnership with STRATMOR Group, a mortgage industry advisory firm, to [Read More]
St. Louis-based Enterprise Bank & Trust, the banking subsidiary of Enterprise Financial Services Corp., has acquired the operating assets of Gorman & Gorman [Read More]
DataQuick, a provider of real estate data and analytics, says that Rels Title, which was acquired by DataQuick last September, has been officially [Read More]
A federal judge has issued a new decision on a lawsuit accusing JPMorgan Chase & Co. of misrepresenting risky residential mortgage-backed securities (RMBS) [Read More]
U.S. mortgage rates moved higher for a second consecutive week, with the benchmark 30-year fixed mortgage rate climbing to 3.71%, according to Bankrate.com's [Read More]
Alpharetta, Ga.-based real estate investment company Hibernian Pacific Holdings LLC (HPH) has purchased a portfolio of 45 single-family attached and detached residential properties [Read More]
