Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. The company, which had earlier said the allegations made by a group of large mortgage investors were false, has sent a letter to the trustees who will now decide whether to …
The Indiana Attorney General says financially stressed Northwest Indiana families need all the protection they can get from mortgage companies racing to foreclose on them.
Source 401kcalculator.org via Flickr. One of the most unpleasant aspects of buying a home is applying for a mortgage. The entire process is stressful, and even for experienced home buyers, the
On March 20, Wunderlich Securities released an update on mREIT American Capital Mortgage Investment Crp (NASDAQ: MTGE ), titled: “Downgrading to Hold on Unexpected Dividend Cut.” American Capital …
Apollo Residential Mortgage, Inc. today announced the Board of Directors declared a cash dividend on the Company’s 8.00% Series A Cumulative Redeemable Perpetual Preferred Stock of $0.50 per share for the period that ends on April 29, 2015.
We saw mortgage rates pull back after some soft economic data on manufacturing, home construction and consumer spending. So even though the Federal Reserve is laying the groundwork for the eventuality of interest-rate hikes, any economic softness just pushes the timetable further out.
Long-term interest rates declined this week, with Freddie Mac saying lenders were offering conventional 30-year mortgages at an average of 3.78%, down from 3.86% a week ago.
CIM Mortgage Trust , a direct lender that originates commercial real estate loans for projects in urban communities throughout the U.S., announced today that it has originated and placed a $68 million loan to fund the acquisition and repositioning of four properties located in Miami, Florida.
Mortgage refinancing as a share of overall loan volume jumped 8 percent in February to comprise 59 percent of lenders’ loan volume, according to the latest Origination Insight Report released by Ellie Mae® , a leading provider of innovative on-demand software solutions and services for the residential mortgage industry.
A tiny pullback in interest rates did nothing to improve mortgage application volume. The total tally fell 3.9 percent for the week ending March 13th from the previous week, according to the Mortgage Bankers Associations (MBA). The numbers are seasonally adjusted.