U.S. Bancorp Settles With Freddie Mac For $53 Million
U.S. Bancorp has entered into an agreement with government-sponsored enterprise Freddie Mac that resolves substantially all repurchase obligations related to representations and warranties...
MBA: Mortgage Credit Availability Decreased In November
Mortgage credit availability dipped in November as lending standards tightened slightly, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI)....
MBA: Mortgage Application Volume Increased 1% Last Week
After declining for six weeks straight, mortgage application volume increased 1% during the week ending Dec. 6, compared to the previous week, according...
Bank Of America Settles With Investors Over Faulty MBS
Bank of America's Countrywide unit will pay $500 million to settle a class-action lawsuit brought by investors who claim they were duped into...
LPS: Amortizing Second Lien HELOCs Could Wreak Some Havoc
About 48% of outstanding second lien home equity lines of credit (HELOCs) were originated between 2004 and 2006 - and because a vast...
HUD Sets FHA Loan Limits
The U.S. Department of Housing and Urban Development (HUD), which sets Federal Housing Administration (FHA) single-family loan limits, has reduced the national-ceiling loan...
Freddie Mac, PNC Reach $89M Settlement
PNC Bank, affiliate of PNC Financial Services Group Inc., has reached an agreement in principle with the Federal Home Loan Mortgage Corp. (Freddie...
Advantage Systems Notices Sales Increase From Stricter Regulations
There has been increased demand for better loan officer reporting and compliance required by stricter compensation regulations, according to Advantage Systems, a provider...
CoreLogic, Urban Institute Ink Strategic Alliance
Through a new alliance between the two organizations, the Urban Institute, a Washington, D.C.-based economic and social policy research organization, is now using...
U.S. Census: New Home Sales Rose 25.4% In October
Although sales of existing homes were down, nationwide, sales of new homes were up a whopping 25.4% in October compared to September, according...
CoreLogic: Home Price Appreciation Continues To Stabilize
Home price appreciation continued to stabilize in October, rising just 0.2%, on an adjusted basis, compared to September, and will continue to do...
CoreLogic Expands Single-Family Rental Suite To Aid Investors
In order to help facilitate investment decisions on rental properties and provide additional transparency for investors and lenders seeking to capitalize on the...
MBA: Mortgage Banker Profits Halved In Q3
Independent mortgage bankers in the third quarter made only about half of the profit they did on loans underwritten in the second quarter,...
MBA: Mortgage Application Volume Dives During Turkey Week
Mortgage application volume fell a dramatic 12.8%, on an adjusted basis, in the week ending Nov. 29, compared to the previous week, according...
Independent Mortgage Bankers Brace For Declining Revenue In 2014
Mortgage production fell about 12.4% in the third quarter, compared to the second quarter, according to Richey May & Co.'s 2013 third-quarter trend...
Wells Fargo To Issue Non-QM Loans
How many lenders will roam from the safety of the 'QM range?' And of those that dare to venture outside the safe harbor...
GSEs Update Mortgage Insurance Master Policy Requirements
Working in conjunction with the mortgage insurance industry, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have significantly overhauled their mortgage insurance master...
Wipro To Acquire Due Diligence Firm Opus CMC For $75 Million
Seeking to strengthen its mortgage origination, servicing, and secondary market software solutions and services, Wipro, a provider of information technology, consulting and outsourcing...
Attorneys For FHLB Of Pittsburgh Seek Copies Of Draft Complaint Against JPMorgan
Attorneys representing the Federal Home Loan Bank (FHLB) of Pittsburgh are reportedly pressuring JPMorgan to disclose the details of its $13 billion settlement...
MBA: Mortgage Application Volume Down O.3%
Mortgage application volume decreased 0.3%, on an adjusted basis, during the week ending Nov. 22, compared to one week earlier, according to the...