CFPB Wants Feedback On The Use Of Trended Credit Data
The bureau seeks public feedback on new ways to expand credit for consumers.
Mortgage Servicing Industry Seeks To Standardize The Loan Modification Process
Can Quicken Loans do for mortgage modifications what it did on the front end for originations via Rocket Mortgage?
During a lively panel session presented...
Realogy And Guaranteed Rate Enter Into Mortgage Origination Joint Venture
Real estate services company Realogy Holdings Corp. is forming a new joint venture with Guaranteed Rate Inc.
The merged entity, dubbed Guaranteed Rate Affinity, is...
How To Boost The Inventory Of Homes For Sale
BLOG VIEW: We love first-time home buyers. They're great and wonderful people, and we have done everything possible to encourage their interest in real...
Quicken Loans Changes Leadership Structure As ‘Lengthy Legal Battle’ Looms
Quicken Loans, the largest non-bank mortgage lender in the U.S., has named Jay Farner CEO of the company.
Farner, who was previously president and chief...
Number Of ‘Seriously Underwater’ Properties Shrank By 1 Million In 2016
As of the end of the year, about 5.4 million properties in the U.S. were "seriously underwater" - a decrease of more than 1 million compared with 2015.
Six Safe Ways To Loosen Mortgage Standards
BLOG VIEW: “The housing market's biggest constraint at the moment is tight credit standards,” says The Weekly Standard - a view that is widely...
CoreLogic: Home Price Appreciation Will Slow In 2017
Home prices forecast to increase about 4.7% this year versus 7.2% in 2016.
Morning Commute: Dodd-Frank ‘Reliance’ And Getting Real About Unemployment
MORNING COMMUTE: Welcome to the inaugural edition of "Morning Commute," a semi-regular blog dedicated to those mortgage professionals who have long commutes - whether...
President Trump Signs Order To Start Dismantling Dodd-Frank
A major looming question is whether the order will result in the dismantling of the CFPB - or a significant curtailing of its powers.
The Time Is Ripe: MBA Introduces GSE Reform Proposal
With government-sponsored enterprise (GSE) reform highly likely under the new administration, the Mortgage Bankers Association (MBA) is wasting no time and yesterday introduced its...
Citibank Getting Out Of Mortgage Servicing Entirely
The news follows the CFPB's recent action against two Citibank mortgage servicing units for 'giving the runaround to struggling homeowners.'
Fannie Mae: Growth In Purchases Won’t Be Enough To Offset Drop In Refis In...
Applications for refinances could fall as much as 45%, Fannie Mae's economist team forecasts.
MBA: Mortgage Application Volume Increased 4.0%
Including an adjustment for the Martin Luther King Jr. holiday, mortgage applications increased 4.0% from one week earlier during the week ended Jan. 20,...
Citi Servicing Companies Fined For Giving Struggling Borrowers ‘The Runaround’
The Consumer Financial Protection Bureau (CFPB) is fining Citibank subsidiaries CitiFinancial Servicing and CitiMortgage Inc. for "giving the runaround to struggling homeowners seeking options...
Trump Administration Cancels Recently Announced FHA Rate Cut
"It is important that any new policy be implemented in a way that minimizes disruption for borrowers and lenders."
JPMorgan To Pay $55 Million To Settle Allegations Of Discrimination
JPMorgan Chase has reportedly agreed to pay $55 million to settle a U.S. Department of Justice (DOJ) lawsuit accusing it of discriminating against minority...
Equifax: Use Of Trended Credit Data Could Increase Mortgage Volume By 4%
Just how much could the use of trended credit data in the underwriting of mortgage loans benefit lenders and consumers?
According to a report from...
Will The Trump Administration Lower Mortgage Fees?
BLOG VIEW: In an unexpected decision, the outgoing Obama administration has announced a 0.25% reduction in the Federal Housing Administration's (FHA) annual mortgage insurance...
Lighthouse Over The Horizon
Recent technological advancements in mortgage have allowed for offerings that seemed unbelievable, or, at least, very distant, just a few short years ago.