Pending Home Sales Jumped 5.5% In February
Pending home sales jumped 5.5% in February to reach the highest level in nearly a year and the second-highest level in over a decade,...
Mortgage Servicer Ocwen Turns A Page With NYDFS
Mortgage servicer Ocwen Financial Corp. reports that it has entered into an agreement with the New York State Department of Financial Services (NYDFS) that...
Sanjeev Dahiwadkar: Trump’s ‘Two For One’ Order Creates Regulatory Murkiness
PERSON OF THE WEEK: The Trump administration's executive order requiring federal regulatory bodies to eliminate two existing regulations for every new one they enact...
Second Phase Of GSEs’ Single Security Initiative Delayed
Release 2 of the Common Securitization Platform is now planned for the second quarter of 2019, the FHFA says
NAR: Existing-Home Sales Dropped 3.7% In February
Low supply in the affordable price range continues to be the "pest" that's pushing home prices
CoreLogic: Credit Risk On Closed Loans Continued To Improve In Q4
Mortgage loans originated in the fourth quarter continued to exhibit low credit risk, as they did in the previous quarter, according to CoreLogic's U.S....
Will Cuts To HUD Budget Impact FHA Insurance Program?
A report from the Office of Management and Budget offers insight as to which HUD programs will get the axe.
Single-Family Housing Starts Jumped 6.5% In February
Permit activity shows that the trend is likely to continue into spring.
Vista Equity Partners Buying Mortgage Software Firm D+H
D+H to be merged with software maker Misys, thus creating "a global leader in financial technology,"
Paul Wetzel: E-Mortgage Adoption Means Lenders Must Focus On Security
PERSON OF THE WEEK: The e-mortgage has been evolving for several years now, and the mortgage industry is very close to achieving a true,...
Is The Economic News Too Good For Mortgages?
The essential mortgage story in 2017 is likely to revolve around three issues: history, rates and uncertainty.
TRID Caused Bulk Of QC Issues For Mortgage Lenders In 2016, Study Finds
A study conducted by mortgage process outsourcing firm MetaSource finds that 12 of the top 15 quality control (QC) issues mortgage lenders faced in...
Frank Martell To Succeed The Late Anand Nallathambi At CoreLogic
Frank Martell has been named president and CEO of CoreLogic, succeeding Anand Nallathambi, the company’s former president and CEO, who passed away on March...
Black Knight: 2016 Originations Were Highest In Nine Years
Mortgage lenders originated $2.1 trillion in first-lien mortgages in 2016 - an increase of 17% compared with 2015, according to Black Knight.
ARMCO: CFPB Should Be Offering Guidance Pertaining To TRID Defects
The risk of defects in loan files dropped to 1.27% in the third quarter of 2016, after reaching a high of 1.92% in the...
Michael Vitali: Now Is Not The Time To Relax On QC
PERSON OF THE WEEK: When it comes to the potential for regulatory rollback under the Trump administration, there are myriad possibilities. But, should the...
Hybrid Valuation: A Viable Alternative To Traditional Appraisals
AMCs are developing hybrid approaches to expedite the appraisal process.
Lack Of Inventory Pushes Pending Home Sales To Lowest Level In A Year
Pending home sales fell 2.8% in January to a score of 106.4 in the National Association of Realtors (NAR) Pending Home Sales Index.
That's down...
Appeals Court Rules Against Fannie, Freddie Investors On Third Amendment Sweep
A federal appeals court on Tuesday issued a ruling that will prevent investors in government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac from fully...
Despite Low Inventory And ‘Deteriorating Affordability,’ Existing-Home Sales Jumped 3.3%
Lawrence Yun, chief economist for NAR, characterized the 3.3% month-over-month increase in home sales as "a prosperous start" to 2017.