QM Rule Now Covered In Interthinx PredProtect Suite
Agoura Hills, Calif.-based compliance and risk mitigation solutions provider Interthinx says the qualified mortgage (QM) test in its PredProtect Regulatory Compliance Automation Suite...
Ellie Mae Encompass360 To Integrate ATR/QM Functionality
Ellie Mae says the upcoming November release of its Encompass360 mortgage management solution will include new ability-to-repay (ATR)/qualified mortgage (QM) solutions. According to...
JPMorgan Settlement Could Set New Record
JPMorgan Chase CEO Jamie Dimon met with Attorney General Eric Holder on Thursday to hash out a settlement to resolve a Department of...
NAR: Pending Homes Sales Dropped In August
Rising interest rates, low inventory, increasing home prices and tighter lending standards combined to result in a 1.6% decrease in mortgage contract signings...
Citigroup Pays $395 Million To Freddie Mac To Settle Mortgage Claims
Citigroup has reportedly agreed to pay $395 million to Freddie Mac to settle claims that it sold roughly 3.7 million potentially faulty mortgages...
FHA Will Likely Require Infusion Of Capital
Seeking to shore up its reserves following losses stemming mostly from its reverse mortgage program, the Federal Housing Administration (FHA) will likely need...
RealtyTrac: 45% Of August Home Sales Were All-Cash
All-cash purchases represented 45% of all residential sales in August, up from 39% in July and 30% in August 2012, according to RealtyTrac's...
Zillow: Mortgage Rates Decline For Second Consecutive Week
Mortgage rates decreased for a second week in a row this week, with the average rate for a 30-year fixed mortgage dropping to...
FHFA: Home Prices Rose 1% In July
U.S. home prices increased about 1% in July, compared to June, and were up 8.8% compared to July 2012, according to the Federal...
RealtyTrac, RentRange Intro ‘Hidden Gem’ Rental Markets List
Buying a home and renting it continues to be a great way for individuals to make a solid investment and increase income, but...
LPS: Home Prices Increased Slightly In July
U.S. home prices rose 0.6% in July, compared to June, and were up 8.7% compared to July 2012, according to Lender Processing Services'...
Private Mortgage Insurance Firms Looking Good To Investors
As home values appreciate and foreclosures fall, the outlook for claims severity for the nation's seven private mortgage insurers has brightened. And with...
Mortgage Insurer USMI Reduces Rates, Expands Underwriting Guidelines
Genworth U.S. Mortgage Insurance (USMI), a unit of Genworth Financial Inc., is reducing its rates and expanding its Simply Underwrite guidelines to eliminate...
NAR: Home Sales May Have Temporarily Peaked
Although existing home sales rose 1.7% on a seasonally adjusted basis in August, according to the National Association of Realtors (NAR), they may...
CFPB Intros New Tool For Accessing HMDA Data
The Consumer Financial Protection Bureau (CFPB) has introduced a set of Web-based tools to provide consumers with easier access to public mortgage data...
Mortgage Insurer Essent Files For IPO
Mortgage insurer Essent Group Ltd. on Monday filed for an initial public offering, backed by investors including Goldman Sachs Group Inc. and George...
Mortgage Rates Drop After Summers Withdraws From Fed Chair Race
Mortgage rates dropped on Monday after former Treasury Secretary Larry Summers withdrew his name from consideration for Federal Reserve Chairman. The average rate...
FHLB of Chicago And Ginnie Mae Gear Up For MBS Sale
The Federal Home Loan Bank (FHLB) of Chicago and the Government National Mortgage Association (Ginnie Mae) are gearing up to issue securities guaranteed...
JPMorgan Chase Loosening Lending Standards
JPMorgan Chase & Co. says it is loosening its lending standards by lowering some down payment requirements in Florida, Nevada, Arizona and Michigan...
Citigroup To Slash 2,200 Mortgage Jobs
Citigroup is the latest big bank planning mass layoffs in its mortgage division due a decline in originations resulting from rising mortgage rates....