Headlines and Blogs from Around the Web
For bank investors, boring is good. Boring is the new black. Citigroup suffers from its Banamex scandal, Bank of America faces anothermortgage lawsuit from the SEC and JPMorgan Chase continues to suffer from the London Whale.
The Consumer Financial Protection Bureau this week provided guidance to small entities on complying with new rules regarding real estate lending.
JPMorgan (JPM) and Wells Fargo (WFC) both report their q1 '14 earnings results before the opening bell on Friday, April 11, 2014.
Citing a growing concern that homebuyers may be priced out of the market by the Federal Housing Administration’s mortgage insurance requirement, Steve Brown, president of the National Association of Realtors, sent a letter to FHA Commissioner Carol Galante asking the FHA to relax its mortgage insurance rules.
Improving loan-to-value ratios and debt service coverage, as well as relatively stable interest rates caused prices for commercial mortgages traded in the secondary market to rise in February, according to DebtX, a third-party provider of loan valuation services.
The government sponsored enterprises (GSEs) Fannie Mae and Freddie Mac continued active foreclosure prevention activities in the fourth quarter of 2013, completing just shy of 100,000 transactions, most of which permitted distressed borrowers to stay in their homes.
The rates curve has been in a corrective steepening mode for the last several sessions as investors in Treasuries and agency mortgage-backed securities take advantage of the cheaper levels available in belly and shorter end of the curve.
It's an end of an era at JPMorgan Chase. Blythe Masters, widely credited as an architect of the notorious credit default swaps that helped fuel the financial crisis, is leaving after nearly three decades at the bank, according to an internal memo obtained by The Washington Post.
Endorsements for Home Equity Conversion Mortgages (HECMs) declined 10.6% in March from the prior month, however, bigger volume drops may be on the way, according to the latest report from Reverse Market Insight (RMI).
Denver-based MountainView Servicing Group is advising the sale of two mortgage-servicing right portfolios with a combined unpaid principal balance of $1.1 billion.
Investigators with the Department of Housing and Urban Development recently entered into settlements with various lenders who they alleged allowed borrowers to obtain multiple reverse mortgages on more than one property.
According to CoreLogic's latest Home Price Index (HPI) for the month of February 2014, home prices nationwide, including distressed sales, increased 12.2 percent in February 2014 compared to February 2013.
As fundamentally wrong as it is, my bullish thesis on Bank of America (BAC) was shot through its nascent stages the day I penned an article simply advocating potential investors to push aside their legal woes - which I argued would eventually be sorted out - and look at the performance of the bank under Brian Moynihan.
Beginning yesterday morning, the most widely-used Loan Origination Software (LOS) has been offline.
Ginnie Mae on Tuesday weighed in on lenders’ ability to securitize loan variations of the fixed-rate federally-insured reverse mortgage product.
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.