January 29, 2015
- Home Loan Servicing Solutions is joining with associate Ocwen Financial, in the fight against investors who claimed that the companies breached their mortgage bond covenants, and is accusing the investors of attempting to profit on their stock holdings in HLSS as opposed to actually caring what happens with the mortgage bonds.
- Nationally, interest rates on conventional purchase-money mortgages decreased from November to December. Here’s what happened.
Posted To: Mortgage Rate WatchMortgage rates were steady to slightly higher today on average. Some lenders were actually slightly lower, but they were the exception. In contrast to yesterday, the bond markets that underlie rate movements were exceedingly calm, and what little movement there was came in measured doses. This sort of low-altitude, sideways bounce is a fairly common occurrence following a bigger move lower in...
Posted To: MND NewsWireFifty-six percent of loans closed in December were for home purchase, somewhat lower than the average for 2014 as a whole according to the Origination Insights Report from Ellie Mae. Lower interest rates pushed refinancing numbers higher toward the end of the year, increasing originations for that purpose from the years low of 32 percent in July to 45 percent in November but the refinancing shared dipped to 43...
- The risk of mortgage defaults on agency loans is growing, reaching a new high in December, and with coming changes it may get worse. Here's the skinny.
- The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.