Author Archives: MortgageDaily.com - Mortgage News Headlines

The state of California is contemplating signing on to the proposed mortgage servicer settlement that would still enable the states to pursue criminal charges against bank officials.The state’s attorney general, Kamala Harris, previously backed away fr… Continue reading →

The lead attorney general in the states’ settlement with the country’s biggest mortgage servicers says that negotiations have progressed to the "final stages."More than 40 states have signed on to a proposed $25 billion settlement, according … Continue reading →

Record lows have become routine for the Monthly Treasury Average, and last month was no exception. But the underlying yield has started creeping higher.An analysis of Federal Reserve data indicates that the MTA was down 1 basis point between December a… Continue reading →

The rate of delinquency on securitized commercial real estate loans was lower last month, and a big drop in late payments on loans secured by apartment buildings and hotels was responsible for the improved performance.CRE loans at least 30 days past du… Continue reading →

For three consecutive years now, Wells Fargo & Co. has been ranked as the biggest servicer of commercial real estate loans. Its dominance in the sector was made possible through an acquisition more than three years ago. The ranking was released fro… Continue reading →

A forecast issued Monday by commercial mortgage bankers indicated that commercial real estate loan production jumped 64 percent between 2010 and 2011.During 2012, CRE originations are expected to increase 17 percent from last year.In fact, commercial m… Continue reading →

Reverse Mortgage Network was opened for business in October 2011. The company staffed up by recruiting reverse mortgage originators from Wells Fargo Home Mortgage, which had previously announced plans to exit reverse mortgage lending.Now Reverse Mortga… Continue reading →

The president of Bank of America Home Loans is leaving the company. Having been handed the reins at the previously biggest mortgage company in the country, the exiting executive was once thought to be a contender for the top job at the parent company.W… Continue reading →

Falling mortgage rates motivated an increasing number of borrowers this week to inquire about a refinance, though inquiries for purchases were also higher. Rates, however, are poised to deteriorate. Refinance activity more than doubled compared to a ye… Continue reading →

Borrowers in more than a dozen foreclosure actions in 10 states have recently received favorable rulings from the courts. Several of the cases either involve the Federal National Mortgage Association or the Mortgage Electronic Registration Systems Inc…. Continue reading →