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Aug 31 2017

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Last Updated July 30, 2017 3:33 PM Central

MOST READ (Past 7 Days)

preview | full story | July 31
New mortgage activity was driven higher by home purchase financing this past week. Also significantly improving was government business, which has expanded by nearly a fifth from a year ago.

preview | full story | July 31
As home lending slowed in the first quarter of this year, credit unions took market share from non-bank originators. Just 10 lenders were responsible for nearly half of overall originations.

preview | full story | July 28
Servicing and staffing expanded from three months earlier and a year earlier at Primary Residential Mortgage Inc. Home lending activity moved up from the preceding quarter.

preview | full story | July 28
In the recently published decision of Ocwen Loan Services v. Quinn. the Superior Court of New Jersey, Appellate Division, affirmed a decision of the Superior Court, Passaic County, granting summary judgment in favor of a plaintiff-mortgagee, holding that the life estates of two defendants, who did not sign the plaintiff’s mortgage, were subordinated to the plaintiff’s mortgage based on the equitable principles recognized by the court in Sovereign Bank v. Gillis, 432 N.J. Super. 36 (App. Div. 2013), and the principles of replacement and modification.

preview | full story | July 28
Ocwen Financial Corp. has agreed to settle for $56 million a long-running class action securities fraud lawsuit.

preview | full story | July 28
A quarter-over-quarter gain was reported for mortgage earnings and originations at Hilltop Holdings Inc. Year-over-year gains, however, were lacking as servicing shrunk.

preview | full story | July 27
Interest rates on single-family loans retreated this past week. It’s possible, however, that mortgage rates could bounce back up in the next report.

preview | full story | July 27
Freddie Mac has improved its outlook for industry-wide single-family lending this year and next year by $140 billion. A majority of the increase went to home purchase financing.

preview | full story | July 27
Compared to the previous three-month period and the year-earlier quarter, home-lending activity at Churchill Mortgage Corp. was stronger. Staffing is shrinking, though.

preview | full story | July 27
A wholesale mortgage lender is providing its mortgage-broker clients with hands-free access to current information about their loan pipelines.

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