A Manhattan appeals court raised the burden of proof for Ambac Assurance, which seeks to recover monetary damages from Bank of America in an insurance case involving $1.68 billion in securities backed by high-risk mortgages from now-defunct Countrywide Home Loans. Attorneys with Shepherd Smith Edwards & Kantas said a panel of the Appellate Division, First Judicial Department, ruled that Ambac may not use New York insurance law as the sole basis for arguing that it does not have to prove certain elements of fraud in its claims against BofA. The court also barred Ambac from using the statute to recover damages. The court held...

In years past, RPM has been a selective buyer of mostly smaller shops.

If Trump is successful, presumably the money would flow through to the bottom line of Fannie and Freddie and counted toward earnings.

The retail segment saw the biggest decline, dropping 34.6 percent to an estimated $221.0 billion.

One constitutional issue that garnered some attention: whether a multi-member commission is more legitimate than a single director…

Citadel’s small-balance commercial program will include mixed-use retail and other loan types.

Stearns said that temporary interest rate buy-downs are good for borrowers who expect their incomes to increase in the relatively near future.

For the week, IMA rolled out $3.87 billion worth of servicing auctions.

When’s the last time a publicly traded mortgage company was sold in a stock transaction?

Warehouse lenders ended the first quarter of 2017 with an estimated $59.0 billion of commitments on their books, a 4.8 percent sequential decline, according to exclusive survey figures compiled by Inside Mortgage Finance. Compared to a year ago, commitments were up 13.5 percent. However, many nonbanks sign commitment deals but don’t always draw on the lines very heavily. A case in point was the first quarter: the drop in commitments was benign compared to the overall decline in originations. Industrywide, residential lending fell by 33.6 percent from the fourth quarter. The good news for the warehouse sector is...[Includes one data table]