News letter

No part of the mortgage business is more ubiquitous in the use of celebrity spokespeople like the reverse mortgage segment.

Redwood Trust officials have been hearing plenty of talk about other firms entering the jumbo MBS space—but aren’t holding their breath about seeing new bonds issued anytime soon.

Numerous mortgage brokers and loan officers apparently rushed to get as many loans as possible into the pipeline before their compensation plans changed this month.

SunTrust Banks, Atlanta, had mortgage production and servicing income of $71 million for the first quarter, down 35% from the fourth quarter 2010 due to lower mortgage production volume and reduced gain on sales margins.

In all of our talk about using social media, about how we are going to use the Internet to take more loan application, how we can communicate in an instant with our clients and never pick up the telephone, have we lost something, the ability to communicate meaningfully?

New home sales jumped 11% in March and the government revised upward its estimate of February and January sales by 31,000 units.

Whitney Holding Corp. in New Orleans reported a profitable first quarter on Thursday, a day after the company that is buying it did the same.

National Penn Bancshares Inc. in Boyertown, Pa., reported a big increase in profits, which it attributed largely to improved credit.

House prices fell 1.1% in February following a 1.1% decline in January, according to the Standard & Poor’s/Case-Shiller 20-city house price index.

The conversion of owner-occupied single-family homes into renter-occupied homes has played in important role in stabilizing housing markets that has been wracked by foreclosures, according to a report on rental housing released Tuesday morning.

A study sponsored by the Mortgage Bankers Association shows that despite evidence that some home pre-purchase education and foreclosure prevention programs are effective, inconsistent proof of the effect of counseling indicates the industry remains clueless about what works and what does not work.

With a good size jump in starts in March, the California Industry Research Board is now looking for an overall increase in production this year.

A new tool checks Department of Defense records to verify whether defaulted mortgage borrowers are actively serving in the military, providing a regulatory compliance check for servicers while staying within the confines of department policies.

Unsuccessful in its efforts to raise fresh capital and already operating under multiple enforcement orders, embattled Mercantile Bancorp Inc. of Quincy, Ill., could be on the verge of failure, according to its auditors.

The $5.2 million loan on the U.S. Geological Survey regional headquarters that was securitized in loan pool JPMCC 2010-C2 is 30-days delinquent, according to a report from Royal Bank of Scotland.

Real estate brokers will have an extra incentive to sell a Freddie Mac Homesteps home in Las Vegas beginning this weekend.

A state run program that provides loans to homeowners that can’t make their mortgage payments due to a temporary job loss has a high success rate, according to a study by economists at the New York Federal Reserve Bank.

In case you are just tuning into this series of articles we have been covering a very important marketing lesson, one that might explain why your current marketing efforts may not be working. We have discussed the market and how important it is for you to know your market.

The conversion of owner-occupied single-family homes into renter-occupied homes has played in important role in stabilizing housing markets that has been wracked by foreclosures, according to a report on rental housing released Tuesday morning.

House prices fell 1.1% in February following a 1.1% decline in January, according to the Standard & Poor’s/Case-Shiller 20-city house price index.

With a good size jump in starts in March, the California Industry Research Board is now looking for an overall increase in production this year.