Headlines and Blogs from Around the Web
Bank of America Corp. and HSBC Holdings Plc (HSBA) agreed to settle lawsuits brought over property insurance that borrowers were forced to accept, lawyers for the homeowners said at a federal court hearing in Miami.
Following this RMD report that HUD is considering reworking its actuarial tables to welcome the non-borrowing spouse (NBS) in HECM transactions, an option for resolving the NBS problem I proposed in an article in National Mortgage News more than a year ago, some in the industry asked me to explain how option four solves the 25-year-old NBS problem. This post is an attempt at explanation.
Many brokers are making the transition to banking. But it takes more than a warehouse line to get started ...
In her first appearance before Congress this week, Federal Reserve Chair Janet Yellen achieved the primary goal of any new Fed chief and avoided any obvious land mines.
Five years ago, Bank of America was on the brink of failure. Today, despite its well-publicized legal and reputational challenges, the Charlotte-based bank is safer than it's been in decades.
It's tax time, and everyone's scurrying to find deductions on their returns. If you have loans outstanding, the interest you pay might be tax-deductible -- but it might not. How can you tell?
Ocwen Financial is planning to sell a pool of mortgage servicing rights (MSRs) to capital markets investors.
Back in 2011, U.K. alternative band The Wombats had a hit song “Jump into the Fog” that had nothing to do with commercial real estate lending, but aptly describes many lenders today.
As banks face an ever-shrinking market for mortgage loans, some of the largest lenders have begun to fight back.
Ocwen (OCN) is moving forward with plans to package a pool of mortgage servicing rights to sell to investors on the capital markets.
As baby boomers age, reverse mortgages are expected to gain popularity as a means of covering living expenses.
The MBA Applications Index fell 2% after rising 0.4% the week before. Mortgage applications have dropped off a cliff ever since rates began increasing last spring. Both purchases and refinances drove the decrease.
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