 Many service members are unaware of their rights and privileges and, therefore, do not realize the recourse available to them.  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. |
Late payments on U.S. commercial real estate loan collateralized debt obligations (CREL CDOs) remained flat in April at 13.2%, according to the latest index results from Fitch Ratings. Only [Read More]
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]
News
Loan origination software provider LendingQB says it has implemented mortgage insurance (MI) company underwriting guidelines into its automated underwriting system (AUS) so that [Read More]
CoreLogic has released a new analysis of home price trends that finds prices increased by 7.3% in 2012, the strongest rate of appreciation [Read More]
According to a first-quarter analysis from online real estate marketplace Zillow, in 64% of U.S. metropolitan areas, buying a home is a better [Read More]
From The Orb
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]
According to CoreLogic's March National Foreclosure Report, there were 55,000 completed foreclosures in the U.S. in March 2013, down from 66,000 in March 2012: a year-over-year decrease of 16%. [Read More]
News
According to Ellie Mae's "Origination Insight Report" for April 2013, lender pull-through was strong for the month, with an overall closing rate of [Read More]
CashCall has selected the Kofax Mobile Capture for Mortgage mobile app to streamline and automate mortgage loan processing functions, such as capturing original [Read More]
Lender Processing Services Inc. has launched its Workout Interaction Tool (WIT), a Web-based application that provides data from its MSP servicing system to [Read More]
Fitch Ratings has finalized its new model framework for estimating losses on prime Canadian residential mortgage pools, which allows the firm to better [Read More]
Ares Commercial Real Estate Corp. (ACRE) is acquiring Alliant Capital LLC, which will become a wholly owned taxable real estate investment trust (REIT) [Read More]
Fitch Ratings reports that the rate of new U.S. commercial mortgage-backed securities (CMBS) delinquencies declined 19 bps in April to 7.44%, from 7.63% [Read More]
According to CBRE Group Inc.'s quarterly survey of the global retail commercial real estate markets, Hong Kong continued to rank as the world's [Read More]
