Mortgage

According to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, first quarter 2015 commercial and multifamily mortgage loan originations were 49 percent higher than during the same period last year. Following the usual seasonal pattern, first quarter 2015 originations saw a 26 percent decrease from the fourth quarter of 2014. The survey results were announced at MBA's Commercial / Multifamily Servicing and Technology Conference, being held May 3rd through 6th at the Sheraton Boston Hotel in Boston, Mass.

Today, the Mortgage Bankers Association (MBA) announced that in March it welcomed 11 new regular members to its ranks, which currently numbers more than 2,200 member companies

Freddie Mac (OTCQB: FMCC) today issued the company's stress test results for the severely adverse scenario conducted under FHFA's rule implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act

At the Federal Trade Commission’s request, a federal court halted a sham operation that allegedly told financially distressed homeowners it would help get their mortgages modified, but instead effectively stole their mortgage payments, leading some to foreclosure and bankruptcy. The FTC seeks to permanently stop the scheme and its participants’ illegal practices. It also filed a contempt action against one of the scheme’s principals, Brian Pacios, who is under a previous court order that prohibited him from mortgage relief activities

(Marketwired - Apr 30, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of itsPrimary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates slightly higher amid mixed housing and economic reports.

Bill Cosgrove, CMB  President & CEO Union Home Mortgage Corp. and Chairman of the Mortgage Bankers Association (MBA) issued the following statement in response to the introduction of bipartisan legislation amending the SAFE Mortgage Licensing Act, by Representatives Steve Stivers (R-OH), Terri Sewell (D-AL), Lynn Westmoreland (R-GA), Joyce Beatty (D-OH), Luke Messer (R-IN), and Kyrsten Sinema (D-AZ)

Mortgage applications decreased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 24, 2015.

Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, has been named one of the “Best Places to Work in the Bay Area” by the San Francisco Business Times and the San Jose/Silicon Valley Business Journal for the third time. Ellie Mae was honored in the large company category (250-999 employees).

Freddie Mac (OTCQB: FMCC) today announced an upcoming auction of a $233 million Standard Pool Offering. The pool is offered as a single pool of geographically diverse deeply delinquent non-performing loans (NPLs) which are currently serviced by Ocwen Loan Servicing, LLC.

Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that MALGORZATA KARAS-GOLKA, also known as “Margaret,” 46, of Newington, was sentenced today by U.S. District Judge Alvin W. Thompson in Hartford to 30 months of imprisonment, followed by five years of supervised release, for her role in an extensive mortgage fraud conspiracy. She was also ordered to pay $166,500 in restitution.

Freddie Mac (OTCQB: FMCC) Multifamily today announces a significant milestone -- it has securitized more than $100 billion of multifamily mortgages through its innovative K-Deal program. By laying off the vast majority of the expected credit losses of the underlying loans to private capital markets, K-Deals reduce the company's credit exposure and taxpayer risk.

The summary, available on the company's website at www.FreddieMac.com/investors/volsum, provides information on Freddie Mac's mortgage-related portfolios, securities issuance, risk management, delinquencies, debt activities and other investments

Spring home buyers in the market have more to look forward to this home buying season as fixed-rate mortgage rates were pushed down further in the week ended April 23, according to the latest mortgage report by Freddie Mac. Lower mortgage rates could mean reduced borrowing costs and increased housing affordability, which could result in more buyers coming into the market this season and throughout 2015.

The United States has filed a complaint in the U.S. District Court for the District of Columbia against Quicken Loans Inc. under the False Claims Act for improperly originating and underwriting mortgages insured by the Federal Housing Administration (FHA), the Justice Department announced today. Quicken is a mortgage lender headquartered in Detroit.

The National Association of Realtors®’ strategic investment arm, Second Century Ventures, has unveiled the seven organizations chosen for the 2015 class of REach®, a growth technology accelerator program. The 2015 class officially kicks off this week.

Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 17, 2015. The Market Composite Index, a measure of mortgage loan application volume, increased 2.3 percent on a seasonally adjusted basis from one week earlier.

A national mortgage servicing company will pay $63 million to resolve Federal Trade Commission and Consumer Financial Protection Bureau charges that it harmed homeowners with illegal loan servicing and debt collection practices.

In written testimony submitted last week to the U.S. Senate Banking, Housing and Urban Affairs Committee and separately to the U.S. House Financial Services Committee; NAMB - The Association of Mortgage Professionals - called on Congress to put the brakes on rapidly increasing regulatory burdens imposed by the Federal Government.

MERSCORP Holdings, Inc. today announced the Appeals Court of Massachusetts found in favor of Mortgage Electronic Registration System, Inc. (MERS) and upheld the validity of its assignment of a mortgage.

Ginnie Mae today announced an improvement to its securitization program for U.S. Department of Agriculture (USDA) Section 538 loans. Effective June 1, 2015, USDA Section 538 Multifamily loans with a maximum loan amount of 70% of total development costs will be eligible for pooling into Ginnie Mae mortgage-backed securities (MBS). This is an increase from the previously allowable maximum loan amount of 50% of the total development costs