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Man Murdered While Appraising Property
DETROIT -- A Harrison Township man is facing murder and other charges after prosecutors say he shot two men attempting to secure his former business that had been foreclosed on. David Erwin Unger, 55, shot and killed 56-year-old Mark Siecinski of...
Rising Rates Drive ARM Share to 16-Month High
As interest rates on home loans climbed to the highest levels in seven years, refinances led weekly mortgage applications lower, and adjustable-rate mortgage share jumped to a 16-month high. Retail applications for residential loans during the...
Serious Mortgage Delinquency at 11-Year Low
Monthly mortgage delinquency tumbled, and further declines are expected except in the Aloha State and the Mid Atlantic. Serious delinquency was the lowest it's been in more than a decade. Residential loans delinquent at least a month, including...
Interim CEO Starts Next Week at Fannie
The president and chief executive who has guided the Federal National Mortgage Association through $180 billion in profits is leaving next week. Timothy J. Mayopoulos was appointed president and CEO of Fannie Mae in 2012. He originally joined the...
HSBC Finalizes Large Subprime RMBS Settlement
A large settlement being negotiated between the government and HSBC Holdings plc over the British bank's role in the issuance of residential mortgage-backed securities has been finalized. In August, a filing with the Securities and Exchange...
Mortgage Broker Group Launches
Mortgage Broker Group Launches Last Updated October 8, 2018 6:08 PM Central Over 2 Dozens Mortgage Events in Q4 More than two dozen events are on the Mortgage Daily Mortgage Conference Calendar for the final quarter of this year. Their locations...
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