"mortgage" : 65 results during the last 30 days
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07 Jan 18 : 16 | MBA Turns Attention Towards Secondary Mortgage Market A task force at the Mortgage Bankers Association this week issued a white paper that represents the Washington-based industry lobbying group’s first swing at pushing forward a vision for the future of the nation’s secondary mortgage markets. Obviously, much of the private-party mortgage market... Source : Housing Wire 26 hours ago |
07 Jan 16 : 24 | PennyMac Funds Buy Mortgage Portfolio From FDIC Private National Mortgage Acceptance Company, LLC — that’s PennyMac to you and I — said Wednesday morning that investment funds managed by its affiliate, PNMAC Capital Management, LLC, had recently completed the purchase of $558 million in residential mortgage loans from the Federal Deposit... Source : Housing Wire 28 hours ago |
06 Jan 11 : 00 | NY AG: Mortgage Brokers Admit to Fee Gouging, Discrimination An investigation by New York Attorney General Andrew Cuomo into alleged predatory lending practices at GreenPoint Mortgage Funding, Inc. has led the crusading AG to take the state’s first law enforcement action against mortgage brokers for predatory and discriminatory lending practices. The two... Source : Housing Wire |
02 Jan 16 : 47 | Florida Considers Capping Mortgage Brokers’ Fees Mortgage brokers are certainly enduring their fair share of criticism throughout this mess — invective that is clearly deserved on some levels — but, for all the slings and arrows tossed their way thus far, few brokers have yet seen their ability to earn legislated into a box. If the Florida... Source : Housing Wire |
31 Dec 18 : 43 | Mortgage Rates Slide to All-Time Low Mortgage rates continued to slide this week, setting yet another record low, Freddie Mac (FRE: 0.7033 +1.93%) reported Wednesday — sending refinancing applications through the roof. 30-year fixed-rate mortgages averaged an astoundingly low 5.10 percent with an average 0.7 point, down from 5.14... Source : Housing Wire |
31 Dec 17 : 19 | Mortgage Banker Looks to Hire Amid Refi Surge Refinance options have increased in popularity as a method of obtaining more affordable loan terms. Various surveys conducted in recent weeks have shown a spike in refinance applications. Activity in the refinance application market increased 12 percent last week, according to an application volume... Source : Housing Wire |
29 Dec 16 : 35 | Mortgage REIT Insider: Betting on a Bottom? The holiday week was largely quiet for the mortgage REIT sector, but a few noteworthy items managed to surface here and there. Annaly Capital (NLY: 15.19 -3.31%) seems to be calling a bottom in the real estate market. The Wall Street Journal reported that NLY is looking to expand into the... Source : Housing Wire |
06 Jan 15 : 35 | Half of Americans Oppose Bailout for Troubled Homeowners Underscoring just how divisive the nation’s mortgage crisis has become, a new study released Tuesday morning finds that 51 percent of Americans oppose using Federal bailout funds to help pay the mortgages of homeowners who are in default; 43 percent, in contrast, favor helping borrowers in... Source : Housing Wire |
24 Dec 16 : 28 | Mortgage Rates Hit Record Low: Freddie Mac Survey Long-term mortgage rates fell for the eighth consecutive week, setting another record low, Freddie Mac (FRE: 0.5834 -1.12%) reported early Wednesday. 30-year, fixed-rate mortgages averaged 5.14 percent with an average 0.8 point for the week ending Dec. 24, 2008, the GSE reported, down from last week... Source : Housing Wire |
06 Jan 05 : 18 | Stimulus Package to Include Cram-Downs: Report The latest round of economic stimulus currently being crafted by Senate Democrats is likely to include controversial legislation allowing so-called “cram-downs” of mortgage debt in bankruptcy, according to a Reuters report Monday evening. The proposal, long opposed by key lobbyists in the... Source : Housing Wire |
22 Dec 15 : 27 | Mortgage Brokers’ Association Sues HUD Over RESPA The Real Estate Settlement Procedures Act (RESPA) Final Rule, issued Nov. 17 by the Department of Housing and Urban Development, disadvantages small businesses, according to a lawsuit filed by the National Association of Mortgage Brokers (NAMB). On Nov. 10, HUD announced it would now require lenders... Source : Housing Wire |
23 Dec 14 : 47 | Fitch Affirms MetLife’s Mortgage Servicer Ratings A servicer many may not yet have heard of was affirmed by Fitch Ratings yesterday, and provides a chance to underscore the dramatic shifts taking place in the servicing industry as the banking landscape is being re-organized by a historic financial crisis. In a statement released late Monday, Fitch... Source : Housing Wire |
05 Jan 15 : 52 | Tech Roundup: LPS, U.S. Bank Renew Partnership Lender Processing Services, Inc. (LPS: 29.26 +0.86%), the Jacksonville-based provider of integrated mortgage industry technology, announced Monday it had completed the renewal process on a multi-year contract with U.S. Bank Home Mortgage. The two have partnered for 25 years, according to a press... Source : Housing Wire |
19 Dec 16 : 12 | Mortgage REIT Insider: Rally Fades to Reality The mortgage REITs rocketed higher on Tuesday after the Federal Reserve surprised the market by lowering the targeted Fed funds to a historically low range of 0.00 to 0.25 percent, sparking a massive rally in the REIT sector as LIBOR rates plunged in response to the Fed’s action. Led by... Source : Housing Wire |
18 Dec 17 : 42 | Mortgage Rates Plunge Following Fed Funds Rate Cut Mortgage rates hit rock-bottom this week following a key cut in the federal funds target, as the average 30-year fixed-rate mortgage sat at 5.19 percent — the lowest rate ever recorded by Freddie Mac (FRE: 0.7028 -1.01%), who began tracking rates in 1971 — with an average 0.7 point. That’s... Source : Housing Wire |
17 Dec 16 : 18 | Refinance Popularity Drives Up Mortgage Apps, But Will It Last? Mortgage loan application volume rose across the board while purchase indexes decreased for the week ending Dec. 12, according to the weekly application survey released Wednesday by the Mortgage Bankers Association. The composite index of mortgage applications across the market came in at 841.4, an... Source : Housing Wire |
12 Dec 11 : 55 | Mortgage REIT Insider: TED Spread Tackles Capstead We knew it was coming, but the 465 basis point blow-out in October’s TED spread — the interest rates on interbank loans and short-term U.S. government debt — has come home to haunt one of the agency mortgage REITs. By failing to lock in the low spreads on its repurchase facilities, Capstead... Source : Housing Wire |
11 Dec 15 : 44 | November Job Loss Drives Down Bond Yields, Fixed Mortgage Rates Long-term mortgage rates continued to decline for the week ending Dec. 11, bringing the 30-year fixed rate mortgage (FRM) average down to 5.47 percent with an average 0.7 point — the lowest level in more than four years — according to the weekly mortgage market survey released Thursday by... Source : Housing Wire |
11 Dec 15 : 18 | Distressed Mortgage Acquisition Specialist Gets Strategic Investment Liberty Capital Asset Management, an asset management company which specializes in the acquisition of distressed mortgages said Thursday that it has executed an agreement with an affiliate of New York-based Silar Advisors LP to invest up to $50 million to acquire defaulted subprime mortgage pools.... Source : Housing Wire |
10 Dec 17 : 05 | Mixed Signals for Mortgage Applications Mortgage application volume fell 7.1 percent on a seasonally-adjusted basis, following a dramatic jump in volume during the week of Thanksgiving, according to data released Wednesday morning by the Mortgage Bankers Association. Purchase loan applications were the primary culprit for the weekly... Source : Housing Wire |
08 Dec 14 : 55 | Grandbridge to Acquire Houston Commercial Mortgage Banker Grandbridge Real Estate Capital LLC, the commercial mortgage banking subsidiary of Winston-Salem, N.C.-based Branch Banking and Trust Co. (BBT: 30.34 +4.01%), on Monday announced it will buy Houston-based commercial mortgage banking firm Live Oak Capital Ltd., which specializes in debt and equity... Source : Housing Wire |
11 Dec 19 : 45 | Mortgage Liabilities Shrink as Borrowers Pay Down Debt Household debt shrank at an annual rate of -0.8 percent for the third quarter 2008, compared with the 0.6 percent annual growth in household debt seen just one quarter before. Federal debt, however, attempting to counter the failing financial market and bleeding job market, spiked over last year in... Source : Housing Wire |
02 Jan 19 : 46 | Drop in Conforming Limits Means More Jumbo Mortgages As the New Year rings in, some homeowners are likely to feel the pinch of higher mortgage rates and tightened credit — in particular, borrowers in certain areas of the U.S., with a mortgage between $625,500 and $729,750. That’s because temporary legislation that had boosted conforming mortgage... Source : Housing Wire |
02 Jan 15 : 26 | Dugan: ‘Learning as We Go’ Just ahead of the Christmas holiday, BusinessWeek featured an exclusive interview with John Dugan, the Comptroller of the Currency, on the occasion of a joint release of housing and mortgage metrics — much of the focus now being placed by regulators is on redefault rates. On Dec. 8, ahead of the... Source : Housing Wire |
31 Dec 15 : 26 | Applications Show Refi Wear-Out? Mortgage application volume for the week ending Dec. 26 remained “essentially unchanged” on a seasonally adjusted basis from the previous week, according to a weekly survey released Wednesday by the Mortgage Bankers Association (MBA). Without adjusting for the shortened Christmas week, the... Source : Housing Wire |
31 Dec 14 : 44 | Fed to Begin Purchasing Agency MBS in January (Update 1: Adds in comments from Barclays Capital analysts) Let the quantitative easing roll forward — the somewhat controversial policy, involving flooding markets with fresh money during times of economic distress, will directly push its way into the nation’s secondary mortgage markets in... Source : Housing Wire |
31 Dec 01 : 06 | Fannie Mae Holding IndyMac Deal ‘Hostage,’ Sources Say As the Federal Deposit Insurance Corp. continues to work a backroom deal with a private equity consortium known as HoldCo, consisting of Dune Capital Management, JC Flowers & Co., and Paulson & Co. — a group that has apparently won the bid for IndyMac Federal Bank — mortgage finance giant Fannie... Source : Housing Wire |
30 Dec 15 : 01 | Purchase Money Transactions Dominate Applications? According to loans originated in December 2008 by Rodney Anderson, who claims to be the “country’s fourth highest producing originator of mortgage loans and the highest producing originator of FHA and VA loans,” new mortgage activity doubled when compared to loan activity from December 2007,... Source : Housing Wire |
29 Dec 15 : 07 | FHFA Reshapes Fannie Mae Board The reshaping of the mortgage market’s top-end continued last week, with the Federal Housing Finance Board, acting as conservator for Fannie Mae (FNM: 0.74 -1.33%), appointing nine new directors to Fannie Mae’s board, bringing the total number of directors to ten at the ailing mortgage finance... Source : Housing Wire |
24 Dec 04 : 34 | FDIC Finds Buyer for IndyMac: Report The Federal Deposit Insurance Corp. is set to announce a buyer for IndyMac Federal Bank, perhaps as early as Wednesday morning, according to a published report Tuesday evening. The FDIC has been managing the banking and mortgage servicing operations of the Pasadena-based lender since the bank was... Source : Housing Wire |
22 Dec 17 : 14 | American Home Sees Servicer Ratings Boosted One of the larger servicing shops you may not have heard of — yet — is on the upswing this week, after Fitch Ratings last week boosted the ratings of American Home Mortgage Servicing, Inc. The servicer, once tied to now defunct Alt-A lender American Home Mortgage Corp., was snapped up... Source : Housing Wire |
18 Dec 16 : 09 | Strangest press statement you’ll see this month We really have no comment on this one, because we’re not really even sure what it’s supposed to be about: As mortgage giants Freddie Mac and Fannie Mae hurtled to financial ruin, their charitable foundations continued to pour money into homosexual causes. According to its records, the Freddie... Source : Housing Wire |
15 Dec 18 : 30 | Nearly $2 Trillion in Home Equity Lost This Year: Zillow U.S. homes are set to lose well over $2 trillion in value during 2008, according to analysis by real estate information site Zillow.com, leaving approximately 11.7 million American households owing more on their mortgage than their homes are worth. U.S. home values declined 8.4 percent... Source : Housing Wire |
12 Dec 12 : 38 | Green Tree Sees Servicer Ratings Upgraded Green Tree Servicing, LLC saw its core residential mortgage servicer rating boosted late Thursday by analysts at Fitch Ratings, citing key improvements in the growing servicer’s platform. Fitch said it had upgraded servicing ratings for HLTV and subprime product from ‘RPS3+’ to ‘RPS2-,’... Source : Housing Wire |
08 Dec 15 : 58 | Tech Roundup: Risk Management Heads to Community Banks Minneapolis-based Wolters Kluwer Financial Services, a leading provider of risk management solutions for financial organizations, announced last week it had entered into a partnership with the Independent Community Bankers of America. The partnership will provide the ICBA with Wolters Kluwer’s... Source : Housing Wire |
