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Redfin Corp. reported that Redfin Mortgage is now offering loans to homebuyers in Colorado. Redfin Mortgage offers fixed- and adjustable-rate conforming mortgages as well as jumbo loans for higher-priced homes [...]

Byline: Kevin Wack The Republican chairman of the House Oversight Committee is facing pressure from across the aisle to issue a subpoena in connection with a bank CEO who has [...]

What keeps mortgage shoppers awake at night is an overwhelming sense of confusion, fear and general mistrust of lenders. So much is at risk for consumers if bad decisions are [...]

Now more than ever, utilizing multiple property valuation techniques--both traditional and non-traditional--is essential for sound collateral assessment. Especially in light of the recent crash in the housing market and unprecedented [...]

In the early 1990s, the end of the Cold War ironically brought economic hardship to Southern California, home to the big defense contractors whose workers built the fighter planes and [...]

First American Mortgage Solutions unveiled its Digital Gateway to help simplify and accelerate mortgage lending. According to a media release, this platform enables lenders and fintechs to achieve digital transformation [...]

Byline: Bonnie Sinnock As communities along the Texas coastline brace for Hurricane Harvey, the mortgage industry is making preparations of its own. For pending loan closings and home sales, mortgage [...]

CMLS Financial has released their latest Commercial Mortgage Commentary, an in-depth analysis of the commercial mortgage market in Canada. The company said that its May 2017 commentary looks at the [...]

Small and midsized mortgage banking companies, competing against giant firms in a market with hundreds of nonconventional mortgage products, are using close community ties to find a widening range of [...]

A DECADE AGO, Washington Mutual Inc. was a long-established and well-regarded Seattle thrift. Today, with about 1,500 outlets around the United States, Washington Mutual is a financial services giant, doing [...]

For many Americans, the purchase of a home will be the most important financial transaction of their lives. And as anyone who's gone through it knows, the mortgage application process [...]

Two big players in commercial mortgage servicing have established a new business model for combining respective strengths in high-touch asset management and servicing technology. The new limited partnership, called GEMSA, [...]

Following a string of high-profile online lending flops, the banking industry is coming to grips with a hard fact about consumers, the Internet and life: slick presentations and eye-popping graphics […]

Byline: Tana Tymesen When will fintech infiltrate the mortgage industry the way it has other financial services? It already has and is creating a problem, warned Andy Pollock, senior managing [...]

According to industrywide numbers, the servicing operation registered three straight years of declining profits from 1994 to 1996. This has been masked by overall company profitability trends, but servicing managers [...]

Information technology is taking portfolio modeling to the next stage in its evolution. Behavioral models show promise in helping to predict borrower behavior and control the risk of prepayment. Mortgage [...]

Servicers now have a tool that signals which delinquent loans are most likely to have stormy futures unless rescued by early intervention. The new early-warning system helps servicers zero in [...]

Advent of another national secondary market program, the aging of America, and CRA goals help boost what some view as an oddity of the home-loan world In his standup days, [...]

Lenders must weigh faster, more consistent decisionmaking against potential fair lending issues in considering whether to use credit scoring. Even to practiced industry observers, Freddie Mac's July 11, 1995, industry [...]

Fannie Mae just introduced four new technology products that could dramatically change the way mortgage lending is done. The new products enhance Fannie Mae's role as a major player in [...]

The top 100 mortgage lenders increased their servicing portfolios by 4% and the top 10 lenders increased servicing by 10% during Jan-Jun 1994. Many loan servicing banks earn 0.2%-0.45% on the amount of the loan, and the purchase price for mortgage servicing has also been increasing. Many homeowners have stopped refinancing because of increased interest rates, so many banks find that servicing loans is more profitable than underwriting new loans., The nation's top home mortgage lenders markedly increased their servicing portfolios in first half of 1994. despite turmoil in the industry. The 100 largest players boosted their servicing volume by [...]

Wall Street is playing a growing role in the direct funding of commercial real estate. Estimates are that at least 24 commercial mortgage conduits are currently operating, versus the 17 [...]

Prudential Home Mortgage is a powerhouse in the world of mortgage banking. A wildly successful wholesale operation has powered this unit of Prudential into the top ranks of mortgage lenders. [...]

The splintering of the mortgage banking industry may have hit the point of no return. The profit margins, once large enough to support a thriving business, now are so squeezed [...]

Fair-lending enforcement always seems to go through cycles. After a lengthy lull, enforcement activity is rapidly rising. Several factors brought this on. First, a change in administration usually brings a [...]

Byline: Matt Scully Bank of New York Mellon, under immense pressure from shareholders to strengthen its bottom line, has been boosting its investment management business, specifically in fixed income. BNY [...]

Byline: Kate Berry, Kevin Wack Discover Financial Chief Executive David Nelms may be ready to throw in the towel on mortgage lending. Just three years ago, Nelms heralded the purchase [...]

Many real estate brokers are offering mortgage brokerage services in their businesses. Brokering mortgages is profitable and allows control over the financing of a sale. Some brokers are starting mortgage companies in cooperation with other real estate companies.