Wells Fargo to Appeal Angry Judge's Decision
Wells Fargo & Co. has indicated that it will appeal a decision by a New Mexico judge that will cost it more than $3 million because of how it applied life insurance proceeds to a mortgage.
Nationstar CEO Says Will Comply with NY Request
The chief executive officer of Nationstar Mortgage Holdings Inc. has indicated that the company plans to comply with a request for information from New York's top banking regulator.
Average U.S. LTV Deteriorates
When comparing the amount of home loans to the properties securing them, the ratio deteriorated in the final three months of 2013. Still, the number of negative-equity borrowers continued to trend lower.
28-Month Low for New Radian Business
New business at Radian Guaranty Inc. hasn't been this bad in nearly two-and-a-half years. Insured loan performance, however, has improved each of the last 14 months.
Florida Biggest Beneficiary of Flood Premium Delay
Members of the House were able to overcome hard-line Republicans to pass legislation that would soften the blow of a surge in flood insurance premiums. More properties are impacted in Florida than any other state.
CMBS Delinquency Down for 9 Straight Months
The sale of distressed assets was behind a big drop last month in delinquency on loans included in commercial mortgage-backed securities. Performance improvement was greatest on industrial property loans.
CRE Loan Performance Maintains Positive Trend
All types of lenders except the Federal Home Loan Mortgage Corp. saw a decline in delinquency rates on commercial real estate loans.
Month-Over-Month Mortgage Originations Edge Up
Despite a sharp decline in residential loan originations over the past year, the final month of 2013 saw an uptick. The mortgage market continued to wean itself off of government support.