Pilot programs previously put in place by the government-sponsored housing enterprises will be concluded as that market appears to operate fine without them. The Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. historically have supported...
Mortgage production and servicing have both increased on a quarter-over-quarter and year-over-year basis at Navy Federal Credit Union. Single-family loans serviced by the credit union ended June at 294,705 loans that had a collective unpaid principal balance of...
Serious delinquency on first mortgages was little changed last month, as has been the case for a half-decade. In Miami, serious consumer delinquency plunged more than 60 basis points. Consumer delinquency of at least 90 days, as indicated by the Composite Credit...
A $65 billion reduction has been made to the three-year outlook for the origination of loans to finance the acquisition of residential properties. The good news is that the bulk of hit is two years from now. For the period that began on July 1 and concludes on Sept....
A recent decision in a federal lawsuit has a real estate agent liable for negligently passing on fraudulent wiring instructions. The case has implications for mortgage lenders. A buyer in a real estate transaction was tricked into wiring funds for a home purchase from...
