Survey Shows Mortgage Lenders Feeling More Confident Heading Into 2017
Mortgage lenders have fewer concerns about regulatory compliance compared with one year ago, and technology is a big part of the reason why, according...
DOJ’s Case Against Quicken Loans To Be Heard In Detroit
The U.S. Department of Justice's (DOJ) case against Quicken Loans over the alleged faulty underwriting of Federal Housing Administration (FHA) loans has been transferred to...
FHA’s MMI Fund Sees Strong Growth, But Instability Persists In HECM Portfolio
It was the fourth consecutive year that the fund grew and the second consecutive year that the FHA’s reserve ratio exceeded the congressionally required 2% threshold.
The October Foreclosure Surprise
BLOG VIEW: October is typically a month we all look forward to for spooky reasons. Spending time with our families for Halloween and the...
Fitch: HAMP Sunset Could Lead To Greater Inconsistency In Modifications
However, "modification decision timelines will shorten, which may lead to a modest reduction in liquidation timelines," the firm says.
Survey: Most Lenders Expect Mortgage Loan Production Costs To Rise In 2017
Surprisingly, only 7% of respondents report that they expect loan production costs to be “somewhat lower” or “significantly lower” compared with this year.
CoreLogic: Completed Foreclosures Continued To Fall In September
There were about 36,000 completed foreclosures in September - an increase of 5.2% compared with about 34,000 in August and a decrease of 7.0%...
Ruling In Florida Could Have Implications For All Mortgage Servicers
In a decision that could ultimately impact the entire mortgage servicing industry, the Florida Supreme Court ruled on Thursday that mortgage servicers may file new...
Significant Milestone: Non-Bank Share Of Origination Volume Crosses 50%
In a significant milestone, non-banks originated more than half of the mortgage dollar volume in the U.S. during the third quarter, recent data shows.
According...
CoreLogic: Home Prices Increased 1.1% In September
U.S. home prices - including distressed sales - increased 1.1% in September compared with August and increased 6.3% compared with September 2015, according to CoreLogic's...
CFPB Likely To Appeal Recent Ruling In PHH Case
BLOG VIEW: It appears that the Consumer Financial Protection Bureau (CFPB) has every intention of appealing the recent ruling by a three-judge panel in...
Black Knight: Active Foreclosures Fell To Lowest Rate In Nine Years
The U.S. mortgage delinquency rate stood at 4.27% in September - an increase of 0.74% compared with August but a decrease of 12.24% compared...
RE/MAX Launches New Mortgage Brokerage Franchise, Motto Mortgage
RE/MAX Holdings Inc., which operates the RE/MAX real estate service, is going headlong into mortgages with the launch of Motto Mortgage, a new mortgage...
Genworth Financial To Be Acquired By Beijing-Based Holding Company
Company officials at Genworth say the acquisition will provide shareholders with greater value than other actionable alternatives.
Survey Shows HELOC Reset Storm Could Be Approaching
Will the resetting of millions of home equity lines of credit (HELOCs) over the next couple of years result in a wave of defaults?
That's...
It’s Time To Start Reading Our Customers’ Minds
BLOG VIEW: This year is the 50th anniversary of Star Trek, the enduring sci-fi franchise that now has multiple generations of television and movie...
Survey: Most Lenders Think First-Time Home Buyers Will Drive Market In 2017
A survey recently conducted by The Lenders One Cooperative, a national alliance of independent mortgage bankers, correspondent lenders, and suppliers of mortgage products and...
Creating The Exceptional Borrower Experience
(This is part two of a three-part series.)
BLOG VIEW: In the first part of this series, we described how the innovative tools now widely...
When Given Lemons, Make Arnie Palmers
BLOG VIEW: Forget about the saying, “When life gives you lemons, make lemonade.” When it comes to the current market, I’d say, “Do something...
CFPB Consent Order Against PHH Vacated; Judges Say Bureau Structure ‘Unconstitutional’
Circuit court judges, in their decision in favor of PHH, said the CFPB "is unconstitutionally structured."