HUD Nails Florida Company with Discrimination Charge. The Department of Housing and Urban Development charged a Florida company and its owners with housing discrimination for intentionally targeting Hispanic homeowners in a predatory mortgage modification scheme that increased, rather than decreased, their risk of foreclosure. HUD filed charges of discrimination under the Fair Housing Act against Advocate Law Groups of Florida and owners Jon B. Lindeman, Jr., and Ephigenia Lindeman. The defendants allegedly ran a deceptive advertising campaign for loan modification that aired on Spanish-language radio and television throughout Florida. Homeowners were offered $500 gift cards as an enticement to sign for a loan modification. Ginnie Mae MBS Outstanding Increases. Ginnie Mae mortgage-backed securities issuance totaled $38.9 billion in August, raising its ...

More conventional loans that fit under the GSE loan limits for high-cost markets are ending up in non-agency mortgage-backed securities…

Incenter is a “portfolio” company of The Blackstone Group, which has several mortgage-related investments including…

The central bank could lose its kingpin status if commercial banks continue buying…

Jumbo production by correspondent lenders increased by 63.7 percent on a sequential basis…

Three nonbank lenders, all owned by PE firms, are key contributors to the deal…

Steve Skolnik, an industry veteran with a long career in nonprime lending, was recently hired as CEO…

Dealmakers, including Mark Garland of MountainView Financial Solutions, expect a flurry of activity this fall.

On Nov. 1, Fannie Mae will begin accepting applications for its new high loan-to-value ratio refinance product.

One manager criticized number-two ranked warehouse provider Texas Capital for the discounts the bank is offering, calling it “the talk of the warehouse community.”