Closing Resource Center

Delinquency on securitized commercial real estate loans has fallen to its lowest level during the decade that has passed since the financial crisis. Delinquency of at least 30 days on loans owned by commercial-mortgage backed securities trusts...

Delinquency at the Federal Home Loan Mortgage Corp. has fallen each month this year and now sits at a seven-month low. Secondary lending activity, meanwhile,  moved higher for the third consecutive month. The $2.1234 trillion total mortgage...

The nation's largest mortgage insurance company will not automatically align its own guidelines with guidelines for a new manufactured housing program from Fannie Mae. Genworth Mortgage Insurance disclosed Monday that its guidelines have been...

The chief investment officer of Ocwen Financial Corp. will temporarily take the reins from the company's departing chief executive officer as Ocwen 2.0 is assembled. In April, the West Palm Beach, Florida-based company disclosed that its president...

The sale of new single-family properties turned North last month, and it was the South that was responsible for most of the gain. A shift in pricing patterns was detected. New home sales during May numbered a preliminary 65,000, according to data...

The last holdout in a swarm of lawsuits filed in 2011 against underwriters and issuers of mortgage-backed securities has been resolved by the country's high court. In September 2011, the Federal Housing Finance Agency filed several lawsuits on...

Genworth Mortgage Insurance is aligning its own guidelines with new government-sponsored enterprise requirements for manufactured housing transactions. Earlier this month, Fannie Mae unveiled MH Advantage, an initiative that provides more flexible...

The forecast for the origination of loans to finance single-family home purchases has been raised for both this year and next year. From April 1 through June 30 of this year, overall home lending volume -- including purchases and refinances -- is...

A decision by a federal judge in New York could bring the constitutionality of the Consumer Financial Protection Bureau before the nation's highest court. U.S. District Judge Loretta A. Preska in Manhattan ruled Thursday that the structure of the...

A nationwide round of layoffs by Wells Fargo Home Mortgage will impact 400 employees -- with a majority in two states. Falling loan originations are behind the job cuts. The Des Moines, Iowa-based subsidiary of Wells Fargo & Co. has advised 400...