Freddie Mac: Great Year So Far For Apartment Construction

Construction of condominium complexes is "scant," at least in comparison to 2006, and single-family construction is just "chugging along," Freddie Mac reports.

'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.



The Federal Trade Commission (FTC) has brought enforcement action against a Colorado-based lead generation company that claimed in advertisements that consumers could refinance their mortgages for free. Intermundo Media [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]



Industry Resource

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