Headlines and Blogs from Around the Web
Findings of a reverse mortgage study conducted by researchers at the Ohio State University have been published, recognizing that there are some solutions available that can help lead to fewer tax and insurance defaults among borrowers.
HSBC Holdings Plc will hasten the run down of its portfolio of U.S. mortgages with more sales of loans to hedge funds, potentially allowing it to bring an end to its disastrous U.S. subprime foray within three years.
The future of the Federal Home Loan Bank System may rest on merger talks between its Des Moines and Seattle banks.
Mortgage credit availability maintained its slight upward trajectory in July, increasing .5% from 115.8 in June to 116.4 in July, according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association, which analyzes data from the AllRegs Market Clarity product.
The Federal Reserve's July Senior Loan Officer Opinion Survey on Bank Lending Practices showed a continued easing of lending standards and terms for many types of loan categories amid a broad-based pickup in loan demand.
J.P. Morgan Chase & Co. said the amount it may lose related to litigation in excess of legal reserves could be as much as $4.6 billion as of June 30, up from $4.5 billion three months earlier, according to a regulatory filing released by the bank Monday.
The American Bankers Association has sent a letter to the CFPB requesting several clarifications to the mortgage servicing rules.
After reporting an 18-month low in June, reverse mortgage volume has begun to make a slight comeback in July, both nationally and among several of the top-10 lenders, according to the latest report from Reverse Market Insight (RMI).
"Better technology" is one reasons why current mortgage rates are so low. According to mortgage software-provider Ellie Mae, lenders are closing loans more quickly than in months past.
Americans have never hesitated to pack up the U-Haul in search of the big time, a better job or just warmer weather. But these days, domestic migrants are increasingly driven by the quest for cheaper housing.
New York's top banking regulator said on Monday that Ocwen Financial Corp, a mortgage servicing company, may be funneling as much as $65 million to an affiliated company even though his office has raised concerns about potential conflicts of interest between such entities.
Have you ever taken out a loan from a mortgage company or bank only to find out a few months down the road that it's been sold? Don't be surprised if this happens to you -- multiple times -- because it's common that lenders sell mortgages.
The nation’s inventory of loans in foreclosure is disproportionately distributed in states with judicial foreclosure processes, according to the latest foreclosure report from Black Knight Financial Services.
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.