Almost Half Of U.S. Homeowners Still Underwater With Their Mortgages
More than 13 million homeowners were still underwater with their mortgages in the first quarter of 2013 - and about 9 million of them simply  [read more]
Fri, 24 May 2013 11:12:14 -0400
Fitch: Loosening Of CMBS Underwriting Could Make REITs Volatile
Changes in the availability, pricing and underwriting stringency of commercial mortgage-backed securities (CMBS) financing could affect real estate investment trusts (REITs) directly and indirectly, according  [read more]
Fri, 24 May 2013 11:00:31 -0400
Home Prices Up 1.9% In First Quarter
Following an announcement from the U.S. Census Department and Department of Housing and Urban Development that new home sales had jumped 2.3% in April, the  [read more]
Fri, 24 May 2013 10:56:06 -0400
Kroll Factual Data Products Added To Mortgage Builder Software
Kroll Factual Data Inc., a provider of risk mitigation and independent verification services to the mortgage industry, and Mortgage Builder Software Inc., a provider of  [read more]
Fri, 24 May 2013 10:51:24 -0400
LoanSifter Now Integrated With Fannie Mae Desktop Underwriter
Mortgage bankers and loan officers using LoanSifter's product eligibility and pricing solutions now have seamless access to Fannie Mae's Desktop Underwriter from within the LoanSifter  [read more]
Fri, 24 May 2013 10:45:58 -0400
HUD Approves MBA's New Underwriter Training Program
The U.S. Department of Housing and Urban Development (HUD) has approved the Mortgage Bankers Association's (MBA) training program for HUD's Multifamily Accelerated Processing (MAP) program.  [read more]
Fri, 24 May 2013 10:39:57 -0400
New Residential Co-Invests In Nationstar MSR Acquisition
New Residential Investment Corp. has co-invested with Nationstar Mortgage LLC in Nationstar's recent acquisition of a mortgage servicing rights (MSRs) portfolio. The portfolio has an  [read more]
Fri, 24 May 2013 10:34:12 -0400
Bankers Asset Management Now Using Quandis Valuation System
The valuations division of Bankers Asset Management (BAM) is now using Quandis Inc.'s valuation system to streamline the broker price opinion (BPO) process. The Web-based  [read more]
Fri, 24 May 2013 10:28:55 -0400
Abreu To Lead Mortgage Originations At Ellington Management Group
Ellington Management Group, an investment and advisory firm based in Old Greenwich, Conn., has hired Steven M. Abreu, the former president of GMAC Mortgage, as  [read more]
Fri, 24 May 2013 10:20:24 -0400
Freddie Mac Securitizes $1 Billion In Modified Loans
Seeking to capitalize on rising demand for mortgage securities as the housing market rebounds, government-sponsored enterprise Freddie Mac has started packaging the modified mortgage loans  [read more]
Fri, 24 May 2013 00:00:00 -0400
New Home Sales Rise 2.3% In April
Despite rising interest rates and a shortage of available stock, seasonally adjusted sales of new single-family homes inched up in April. About 454,000 new homes  [read more]
Thu, 23 May 2013 14:44:45 -0400
HUD, Fannie And Freddie Offering Mortgage Relief To Tornado Victims
The U.S. Department of Housing and Urban Development (HUD) has granted a 90-day moratorium on foreclosures and forbearance on foreclosures of Federal Housing Administration (FHA)-insured  [read more]
Thu, 23 May 2013 11:21:48 -0400
Omega Commercial Finance Launching New Fund
Miami-based Omega Commercial Finance Corp. (OCFN) plans to launch its first commercial real estate pooled fund, called Omega Asset Backed Fund I LP, by July,  [read more]
Thu, 23 May 2013 07:12:43 -0400
Stonegate Mortgage Looking To Go Nationwide
Stonegate Mortgage Corp., a specialty financial services firm focused on the U.S. residential mortgage market, has raised $115 million in a private offering of its  [read more]
Thu, 23 May 2013 07:09:59 -0400
LRES Hires Massien As Vice President Of Marketing
LRES, a national provider of commercial and residential valuations and asset management for the mortgage banking, credit union and real estate industries, has named Stephen  [read more]
Thu, 23 May 2013 07:03:17 -0400