Mortgage

The Mortgage Bankers Association (MBA) and Mortgage Banking magazine will award seven industry innovators with the Mortgage Banking Tech All-Stars award at MBA's National Technology in Mortgage Banking Conference & Expo 2015, taking place March 29th through April 1st at the Hyatt Regency in Orlando, Florida.

Mortgage credit availability increased slightly in February according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) which analyzes data from the AllRegs® Market Clarity® product

Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 27, 2015

Hunt Mortgage Group, a commercial real estate lender, announced today that it has financed seven affordable housing projects with FHA/HUD loan facilities. The total Hunt investment is $102 million and the properties include:

The Independent Community Bankers of America® (ICBA) today announced its top legislative and regulatory priorities for 2015. ICBA made the announcement in Orlando, Fla. at its national convention, ICBA Community Banking LIVE®, the largest community banking industry event in the world.

Delinquency rates for commercial and multifamily mortgage loans continued to decline in the fourth quarter of 2014, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report.

WASHINGTON, D.C. - February 27, 2015 - (RealEstateRama) -- The rule of thumb should be this: If a financial product, such as a reverse mortgage, takes more than 350 words to explain, then there should be legal checkpoints before someone is allowed to sign off on one

WASHINGTON, D.C. - February 25, 2015 - (RealEstateRama) -- The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 5.68 percent of all loans outstanding at the end of the fourth quarter of 2014.  This was the lowest level since the third quarter of 2007. The delinquency rate decreased 17 basis points from the previous quarter, and 71 basis points from one year ago, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.

WASHINGTON, D.C. - February 25, 2015 - (RealEstateRama) -- Mortgage applications decreased 3.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 20, 2015.  This week’s results include an adjustment to account for the Presidents’ Day holida

WASHINGTON, D.C. - February 18, 2015 - (RealEstateRama) -- Mortgage applications decreased 13.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 13, 2015.

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- Purchasing a home is the single largest investment most consumers make in their lifetime. Soon the spring homebuying season will begin and the American Land Title Association (ALTA) reminds consumers of the three most important things to consider when shopping for a title company

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- The Mortgage Bankers Association (MBA) awarded Mr. Brian Stoffers, Global President of Debt and Structured Finance for CBRE Capital Markets, with the 2015 Commercial Real Estate Finance (CREF) Distinguished Service Award at the Association's 25th annual CREF/Multifamily Housing Convention & Expo held in San Diego, CA

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- Mortgage applications decreased 9.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 6, 2015

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- The National Association of Insurance Commissioners (NAIC) released separate requests for proposals (RFP) for vendors to model expected losses on approximately 6,000 commercial mortgage-backed securities (CMBS) and 24,500 residential mortgage-backed securities (RMBS). This process will produce valuations for state insurance regulators to set risk-based capital for CMBS and RMBS owned by U.S. insurance companies

WASHINGTON, D.C. - February 17, 2015 - (RealEstateRama) -- Today the Consumer Financial Protection Bureau (CFPB) is taking action against three mortgage companies for misleading consumers with advertisements implying U.S. government approval of their products. The CFPB is suing reverse mortgage lender All Financial Services, seeking to halt its illegal activities. The CFPB is also ordering Flagship Financial Group and American Preferred Lending to end their false advertising.

WASHINGTON, D.C. - February 10, 2015 - (RealEstateRama) -- The Justice Department announced today that under its settlements with five of the nation’s largest mortgage servicers, 952 service members and their co-borrowers are eligible to receive over $123 million for non-judicial foreclosures that violated the Servicemembers Civil Relief Act (SCRA).  The five mortgage servicers are JP Morgan Chase Bank N.A. (JP Morgan Chase); Wells Fargo Bank N.A. and Wells Fargo & Co. (Wells Fargo); Citi Residential Lending Inc., Citibank, NA and CitiMortgage Inc. (Citi); GMAC Mortgage, LLC, Ally Financial Inc. and Residential Capital LLC (GMAC Mortgage); and BAC Home Loans Servicing LP formerly known as Countrywide Home Loans Servicing LP (Bank of America)

Orlando, Florida - February 6, 2015 - (RealEstateRama) -- Mortgage Lender FBC Mortgage, LLC recently released the Top 5 Mortgage Markets in Florida for 2014. The statistics show that 2014 proved to be a steady year for growth in the Florida housing and mortgage industry. All data contained in the list is generated from FBC Mortgage, LLC’s financed properties (no cash transactions) and excludes condos

WASHINGTON, D.C. - February 5, 2015 - (RealEstateRama) -- On Thursday, February 12^th at 10:30 a.m., the Regulatory Reform, Commercial and Antitrust Law Subcommittee will hold an oversight hearing entitled “Consumers Shortchanged? Oversight of the Justice Department’s Mortgage Lending Settlements.”

WASHINGTON, D.C. - February 5, 2015 - (RealEstateRama) -- A group of Utah-based defendants claiming to be legal experts in loan modifications have settled Federal Trade Commission charges that they broke the law by conning consumers into paying hefty fees for worthless mortgage relief services. The five proposed orders settling the FTC’s charges ban the defendants, led by Philip J. Danielson and his company, Danielson Law Group, from offering mortgage assistance relief services and from participating in the debt relief industry

WASHINGTON, D.C. - February 5, 2015 - (RealEstateRama) -- Two San Jose, California, brothers were sentenced to prison for committing tax fraud and bank fraud, Principal Deputy Assistant Attorney General Caroline D. Ciraolo of the Justice Department’s Tax Division and U.S. Attorney Melinda Haag of the Northern District of California announced.