Headlines and Blogs from Around the Web
A J.P. Morgan Chase banker has pleaded guilty in San Diego to taking bribes to influence mortgage sales.
According to CoreLogic, cash sales made up 32.9 percent of total U.S. home sales in July 2014, the lowest share since August 2008, and down from 35.9 percent in July 2013.
Despite regulators' pledges to work with lenders to help ease their regulatory concerns, a new survey shows worries continue to mount among executives at U.S. banks and credit unions.
Many thousands of Americans who lost their homes in the housing bust, but have since begun to rebuild their finances, are suddenly facing a new foreclosure nightmare: debt collectors are chasing them down for the money they still owe by freezing their bank accounts, garnishing their wages and seizing their assets.
Mortgage rates have reached record levels for the year. According to Freddie Mac, the 30-year conventional fixed-rate mortgage now averages 3.97% nationwide -- it's lowest point in 69 weeks.
Thousands of Americans who lost their homes to foreclosure years ago may have finally moved on, rebuilt their finances, and even considered home ownership again.
With the national unemployment rate around 5.9%, as of September, and a second quarter GDP estimate of about 4.6%, one might get the impression that our economy is in recovery.
In the wake of the financial crisis, monoline insurers that guaranteed residential mortgage-backed securities have turned to state court in Manhattan to recoup billions they paid out in insurance claims on the soured investments.
In recent years, Mortgage Electronic Registration Systems Inc., or MERS, has been the subject of an onslaught of litigation challenging the validity of the MERS system; the authority of MERS to foreclose; the validity of assignments of mortgage from MERS to the foreclosing party; and the avoidance of recording fees.
If there's an upside to a plunging stock market, it's that mortgage rates are falling too.
Modest to moderate economic growth was reported in 11 of the 12 Federal Reserve Districts in the October 2014 Current Economic Conditions Beige Book released on Wednesday.
Bank of America Corp said on Wednesday that it has moved past the worst of its legal settlements linked to the financial crisis, after its latest big legal charge brought the bank's common shareholders a net loss for the third quarter.
Walter Investment Management Corp., the parent company of two reverse mortgage originators and holder of billions of dollars worth of reverse mortgage servicing rights, is facing more scrutiny among regulators this week, the company disclosed.
Most lenders believe new regulations have had “significant” impact on their business, according to the Third Quarter Mortgage Lender Sentiment Survey of senior mortgage executives conducted by Fannie Mae.
For homeowners who took out a home equity line of credit ten years ago, their loans will be recasting soon, which means their monthly payments may nearly double as they start paying the interest and principal back.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.