Black Knight: ‘Tappable’ Equity Continues To Grow
Due to rising home prices, about 1 million more homes in the U.S. returned to positive equity positions over the first three quarters of...
TransUnion, Equifax Fined By CFPB For Misleading Consumers
Two of the largest credit reporting agencies, TransUnion and Equifax, are being fined by the Consumer Financial Protection Bureau (CFPB) for allegedly deceiving consumers...
First American: Automated Verification Tools Are Driving Down Loan Defect Rate
The rate of defects (i.e., errors, whether intentional or not) in loan applications remained unchanged in November compared with October, according to First American...
How To Avoid Losing Valuable Originators During The Winter
BLOG VIEW: Although the holidays make this the most wonderful time of the year for some, it can also be the time of year when...
NAR: Existing-Home Sales Increased For Third Straight Month In November
Was it the final push before the great slowdown?
Despite rising interest rates, existing-home sales in November increased for a third straight month to reach...
CoreLogic: Third-Quarter Originations Among Highest Quality Since 2001
CoreLogic has introduced the CoreLogic Housing Credit Index (HCI), a new quarterly report that measures variations in home mortgage credit risk attributes over time,...
Fannie Mae, Freddie Mac Announce Replacement Program For HAMP
Mortgage servicers rejoice! The Home Affordable Modification Program (HAMP), which is sunsetting on Dec. 31, will be reborn as a new program next year.
The...
Fed Raises Rates For First Time Since December 2015
What's more, it was only the second increase since 2006.
Mortgage Applications Fell For Seventh Straight Week
Mortgage application volume fell 4.0% on an adjusted basis during the week ended Dec. 9, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage...
Ally Bank Getting Back Into The Mortgage Business
Ally Bank - which was in the mortgage business but then got out of it in 2013 following a slew of financial problems related...
2017: A Year Of Uncertainty
BLOG VIEW: With the New Year looming, it's time to rethink some of the dated perceptions of the housing market and how it will...
CFPB Fines Three Reverse Mortgage Lenders For Alleged False Advertising
The Consumer Financial Protection Bureau (CFPB) is fining three reverse mortgage lenders - American Advisors Group, Reverse Mortgage Solutions and Aegean Financial - for...
ARMCO: Loan Defect Rate Dropped In Second Quarter
About 1.63% of all loan files included "critical" defects in the second quarter - down from a peak of 1.92% in the first quarter,...
It’s Official: Ben Carson Is Trump’s Pick For HUD Secretary
Retired neurosurgeon and GOP presidential candidate Ben Carson has reportedly accepted President-elect Donald Trump’s offer to become the next secretary of the U.S. Department...
FHA Raises Loan Limits For 2017
In high-cost areas, the national loan limit "ceiling" will increase to $636,150 from $625,500.
Fannie, Freddie Should Be Returned To Private Sector, Trump’s Pick For Treasury Says
"It makes no sense that these are owned by the government and have been controlled by the government for as long as they have."
U.S. Home Prices Now Back At Peak Seen In 2006, But It Won’t Last
U.S. home prices increased 0.8%, on an adjusted basis, in September compared with August and increased 5.5% compared with September 2015, bringing the average...
FHFA Raises Conforming Loan Limits For First Time In A Decade
Considering how much home prices have increased on average during the past several years, one could argue that it was high time that the...
CFPB Challenges Court Ruling In PHH Case
The bureau is petitioning the U.S. Court of Appeals for the District of Columbia Circuit to have the PHH case reheard.
Brenda Jarvis: How The Game Has Changed In Retail Mortgage
PERSON OF THE WEEK: Brenda Jarvis is vice president of national retail lending for MiMutual Mortgage, a privately held retail and wholesale non-depository mortgage...