Accenture Buys Mortgage Cadence, Adds Origination Software To Portfolio
Seeking to strengthen its business-process outsourcing services and add best-of-breed mortgage origination software to its portfolio, global consulting firm Accenture is reportedly buying...
Senators Johnson, Crapo Strike Agreement On Proposed FHA Reforms
Two key members of the Senate Banking Committee have reportedly struck an agreement on legislation to overhaul the Federal Housing Administration (FHA). Sen....
Freddie Mac: Mortgage Interest Rates Highest Since July 2011
Thirty-year fixed mortgage rates climbed 0.22 percentage points this week to reach an average of 4.51%, the highest since July 2011 when they...
MBA Introduces Builder Application Survey
The Mortgage Bankers Association (MBA) has introduced a new Builder Application Survey (BAS) to accompany its Weekly Mortgage Application Survey. Focusing exclusively on...
Regulatory Agencies Propose Modified Appraisal Requirements Under Dodd-Frank
Certain higher-priced real estate deals will be exempt from certain appraisal requirements outlined in the Dodd-Frank Act under a proposed rule introduced Wednesday...
FHFA Director Sued For Cutting Funding To National Housing Trust
The National Low Income Housing Coalition (NLIHC), along with the Right to the City Alliance and four individual plaintiffs, has filed a lawsuit...
MBA: Mortgage Application Volume Continues To Plummet
Mortgage application volume decreased 4% on an adjusted basis for the week ending July 5 compared to the previous week, according to the...
Report: Fannie Mae Gearing Up To Sell About $1B In Non-Agency Bonds
Government-sponsored enterprise (GSE) Fannie Mae is reportedly readying to auction about $1 billion of mortgage bonds without U.S. backing from its holdings. The...
MBA Wants Stakeholder Input On Secondary Market Reforms
The Mortgage Bankers Association (MBA) has released the fifth in its series of concept papers outlining recommendations for re-engineering the secondary mortgage market....
U.S. Bancorp Sues GreenPoint Over MBS Losses
U.S. Bancorp has reportedly filed a lawsuit against Capital One Financial Corp.'s GreenPoint Mortgage Funding Inc. claiming about $400 million in losses on...
MBA: Mortgage Lending Standards Loosened Slightly In June
There was slightly more available credit to home buyers in June, according to the Mortgage Bankers Association's (MBA) Mortgage Credit Availability Index (MCAI)....
CoreLogic: Foreclosure Rate Inched Up In May, But Down Overall
Although the national foreclosure rate increased 3.5% in May, compared to April, the number of homes in foreclosure was down 27% by comparison...
CFPB Releases Dodd-Frank Mortgage Rules Readiness Guide
To help lenders determine whether they are prepared for implementation of new mortgage rules slated to take effect by mid-January 2014, the Consumer...
Court Reverses DOL Ruling, Loan Officers Exempt From Overtime Again
A three-judge panel from the Court of Appeals for the Washington, D.C., Circuit has reportedly vacated a 2010 Department of Labor (DOL) administrative...
LPS: Mortgage Delinquencies Down 15% Since December
Mortgage delinquencies continued to decline in May, reaching 6.08% for the month, the lowest rate since 2002, according to Lender Processing Services' (LPS)...
Fannie Mae: Rising Rates Could Force Potential Buyers Off The Fence
Rising mortgage rates combined with increasing home prices could force many buyers to act sooner rather than later, resulting in a flurry of...
FHFA: More Than 2.5 Million HARP Loans Issued Since 2009
Thanks to historically low interest rates, nearly 107,000 loans were completed through the Home Affordable Refinance Program (HARP) in April, according to the...
Officers For PennyMac Mortgage Investment Trust Under Investigation
Shareholder rights law firm Robbins Arroyo LLP is investigating whether certain officers and directors of PennyMac Mortgage Investment Trust (PMT) breached their fiduciary...
HUD Charges Jackson, Minn., Landlord With Housing Discrimination
A Jackson, Minn., landlord has been charged with violating the Fair Housing Act for allegedly refusing to rent an apartment to a woman...
RealtyTrac Lists Best Retirement Communities To Invest In
Dunnellon, Fla., tops RealtyTrac's list of the 15 best retirement communities to invest in for 2013, based on price appreciation and capitalization rates....