'Access To Affordable Mortgages Act' Introduced In The House

Rep. Blaine Luetkemeyer, R-Mo., recently introduced the Access to Affordable Mortgages Act, which aims to exempt certain higher-risk loans from property appraisal requirements under the Truth in Lending Act.

Black Knight: HELOC Reset Storm Approaching

A report from Black Knight Financial Services shows that at least 2.5 million HELOCs will face resets over the next several years, resulting in an average increase of $250 per borrower monthly payment.

CFPB Selects Vendors And Lenders For Its Mortgage E-Closing Pilot

Five technology firms and seven lenders will participate in the CFPB's e-closing pilot, which will explore the viability of developing a standard process for closing mortgages using technology.

BofA To Pay Nearly $17 Billion To Resolve Mortgage Bond Probe

The agreement with the U.S. Department of Justice eclipses the $13 billion settlement JPMorgan Chase reached with federal and state authorities over similar allegations last November.

FHFA Seeks Feedback On Proposed Single Security For GSEs

The agency is requesting feedback from mortgage industry professionals on all aspects of the proposed single security structure and in particular, issues regarding the transition from the current system to a single security.



About 35,000 homeowners received permanent loan modifications from mortgage servicers during July, a decrease of about 8% compared to the approximately 38,000 processed in June, according to HOPE NOW. [Read More]

HSBC Holdings PLC is the latest bank to settle with the Federal Housing Finance Agency (FHFA) over poorly underwritten mortgages sold to government-sponsored enterprises (GSEs) Fannie Mae and Freddie [Read More]


From The Orb

PERSON OF THE WEEK: Lorenz Schwarz is president of Green River Capital (GRC), a real estate services firm specializing in real estate owned (REO) asset management, loss mitigation, single-family [Read More]




Mortgage application volume took a steep dive during the week ending Sept. 5, mainly due to the Labor Day weekend. Overall, application volume fell 7.2%, on an adjusted basis, [Read More]


BLOG VIEW: As most mortgage professionals already know, running a successful mortgage company requires proficiency in accounting. The books and records created at your company are the means by [Read More]


BLOG VIEW: As increasingly sophisticated technology continues to give rise to more direct-to-consumer digital marketplaces, industry practitioners are being driven to change their approaches in order to maintain relevance [Read More]


Six years into the so-called "housing recovery," consumer sentiment toward homeownership has never been worse. According to Fannie Mae's National Housing Survey, the number of Americans who said "now [Read More]



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