FHFA Clarifies Rep And Warranty Framework

"We know that the [existing] Representation and Warranty Framework did not provide enough clarity to enable lenders to understand when Fannie Mae or Freddie Mac would exercise their remedy to require repurchase of a loan," said Mel Watt, director of the FHFA.

Mounting Indicators Prove Housing 'Recovery' Illusory

While there are some signs that things are improving, in reality there are mounting indicators that another housing downturn is near.

Wingspan Lays Off Employees At Two Call Centers

"It is in the nature of our work with large financial institutions to wrap up specific contracts for services and to have brief periods of time before new contracts begin," Wingspan officials said in a statement.

IDS Reports Spike In HELOC Volume In 2014

The firm is forecasting that if volumes stay at current levels, HELOC loan doc draws this year could exceed those of 2013 by nearly 65%.

CFPB Fines Flagstar Bank $37.5 Million For Mortgage Servicing Violations

In a statement, Richard Cordray, director of the CFPB, says the action taken against Flagstar "signals a new era of enforcement to protect consumers against the cost of servicer runarounds."

Software solutions provider Ellie Mae says it has reached a major milestone: 100,000 active users of its Encompass mortgage management solution. The Encompass all-in-one mortgage management solution, Ellie Mae [Read More]

BLOG VIEW: One would think that as the nation's real estate market improves from the 2008 economic meltdown, neighborhoods would be back to normal. Unfortunately, it hasn't quite worked [Read More]

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From The Orb

After rising for four consecutive months, builder confidence in the market for newly built single-family homes in October fell to a score of 54 on the National Association of [Read More]

Housing starts climbed to annual rate of 1.02 million in September, an increase of 6.3% compared to the 957,000 pace that was forecast in August, according to figures released [Read More]

The U.S. Department of Housing and Urban Development (HUD) has awarded $38.3 million to more than 100 fair housing organizations and other nonprofits to help fight housing discrimination. The [Read More]

BLOG VIEW: In recent years, Mortgage Electronic Registration Systems Inc., or MERS, has been the subject of an onslaught of litigation challenging the validity of the MERS system; the [Read More]

Americans ages 20 to 29 saw their student loan debt become a much larger percentage of their overall debt during the past decade - from 12.9% in 2005, to [Read More]

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