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Updated: 12 min 48 sec ago
First Guaranty Mortgage Corporation, which provides correspondent, wholesale and retail mortgage origination channels, announced the addition of Nicholas Imbimbo as director, third-party origination operations.
Freddie Mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers.
A Georgia real estate investor pleaded guilty for conspiring to rig bids at real estate foreclosure auctions in Fulton and DeKalb counties in Georgia. According to an announcement from the Department of Justice, Morris Podber admitted that he conspired with other real estate investors to not bid against each other in public foreclosure auctions on certain properties.
CoesterVMS is getting ready to release a disclosure calculator for TRID that produces fee quotes based on property complexity and product selection. After using the calculator, users have the option to place an order or save the quote for later use.
The rich are not like you and me, a famous American novel observes, and neither are their houses. An Alabama luxury home definitely designed for music lovers is on the block. Starting bid is $1.
Buyers looking to score some Ginnie Mae servicing are in luck. Interactive Mortgage Advisors announced the sale of a $4 billion Ginnie Mae bulk portfolio of residential mortgage servicing rights. And according to Thomas Piercy, managing member of Interactive Mortgage Advisors, the portfolio is “most likely the best Ginnie Mae deal offered this year.”
Brock & Scott, a real estate law firm with offices in Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia and Florida, announced the expansion of its default services practice with the addition of Ron Wolfe and his team from the office of Ronald R. Wolfe & Associates.
The Federal Housing Administration’s share of purchase mortgage originations steadily declined from 2010 until 2015. So why did the course reverse in 2015 and does this mean a federally backed mortgage insurance boom is in the works?
Fannie Mae’s latest sale of non-performing loans includes three pools of approximately seven thousand loans totaling $1.2 billion in unpaid principal balance. The loans are now available for purchase by qualified bidders.
Presidential candidates from both parties will join New Hampshire officials and national experts for a major housing summit next week to put housing policy at the forefront of the national dialog. Want to know who, how and why?
loanDepot announced on Thursday that it filed for an initial public offering, confirming industry rumors that started at the beginning of September. So far, the number of shares to be offered and the price range for the proposed offering have not yet been determined.
LERETA, a provider of access to property tax data and flood hazard status information for the mortgage and insurance industries, announced the retirement of Jim Thornton as the company’s chief executive officer, ending a 25-year run with the company.
Back a few months ago, Zillow Group CEO Spencer Rascoff put his money where his mouth is by listing a house he owned for sale – on Zillow. The listing apparently hasn’t generated quite as much interest as Rascoff hoped, despite two price cuts. Rascoff now has an unlikely ally in the sale of his house – a real estate startup that’s guaranteeing the sale of Rascoff’s house and putting its money where its mouth is.
While California’s housing market is expected to improve in 2016, a shortage of available inventory and continuing high costs are expected to limit it, according to a report released by the California Association of Realtors.
Distressed sales, which include real estate-owned properties and short sales, accounted for 9.4% of total home sales nationally in July 2015, down 2.1 percentage points from July 2014 and down 0.4 percentage points from June 2015.
The Consumer Financial Protection Bureau issued a bulletin that basically doubles down on a warning they put out in July about marketing services agreements. It's the stick-and-stick approach going forward, it seems. Will it work? Is it fair?
In this role, Majerus will be responsible for the production, profitability and overall performance for the western region, which covers more than 250 employees in California and Utah across five brands: Princeton Capital, First Capital, Mortgage California, Axiom Financial and Rocky Mountain Mortgage.
With the new TRID rule increasing time pressures on the exchange of settlement documents, it’s a good time - maybe high time - all real estate professionals assess how they exchange documents with lenders, agents and borrowers. But here's the key: Do you know how to do it securely?
It was a busy week for TRID, MISMO, the GSEs and other acronyms, with a senator taunting and flaunting SEC rules and a presidential candidate defending the CFPB. Want to know more? Of course you do. Read on.
Primary new mortgage insurance continued its recent downward trend and fell to $3.9 billion in September. This is marginally down from $4 billion last month.