How The Foreclosure Crisis Impacted Homeownership
After nine years, the market is moving to the other side of the cycle. The foreclosure crisis is winding down, and with it, fewer homeowners will be forced into renting.
Equifax: Subprime Origination Volume Increased Steadily Through Q3 2015
First mortgage originations for subprime borrowers increased steadily from January 2015 to October 2015, according to the latest Equifax National Consumer Credit Trends Report.
During...
Wells Fargo To Pay $1.2B To Settle Claims It Bungled FHA-Backed Mortgages
Wells Fargo will pay $1.2 billion to settle a complaint brought by the U.S. Department of Justice (DOJ) that it engaged in sloppy underwriting...
Why College Debt Looms Larger On Mortgage Applications
Millions of people are leaving college and technical or trade schools with a lot of debt - and that debt is interfering with family formations and homeownership levels.
First Tennessee Bank To Pay $1.9 Million To Resolve Fair Housing Complaint
Bank accused of denying loan applications from African-American and Hispanic borrowers at disproportionate rates.
Can No-Money-Down Mortgages Make A Comeback?
BLOG VIEW: Mortgages with no money down have a certain cringe factor - a leftover from the go-go era of real estate financing that...
Freddie Mac: Housing Market Continued To Improve In November
The health of the U.S. housing market continued to improve November, according to Freddie Mac's Multi-Indicator Market Index (MiMi) report.
The index score as of...
Can The Mortgage Market Offset The Impact Of A Fed Rate Hike?
BLOG VIEW: Just over one month ago when most Americans were in the midst of the usual holiday bustle, the Federal Reserve voted to...
Women In Mortgage: You’ve Come A Long Way
As the mortgage industry becomes more female-centric, the potential for women to attain executive-level positions has increased.
Freddie Mac Announces First NPL Transaction For 2016
Freddie Mac has announced its first sale of nonperforming loans (NPLs) for the year - a portfolio worth about $1.6 billion that was to...
Ellie Mae: TRID May Have Added A Week To Average Closing Time
The average time to close a mortgage loan continued to hold at around 49 days in December - unchanged compared with November but up...
MBA: Applications For New Home Purchases Fell 5% In December
Applications for new home purchases decreased 5.0% in December compared with November, according to the Mortgage Bankers Association's (MBA) Builder Application Survey (BAS).
This change...
90% Of Mortgages Originated Since Oct. 3 Have TRID Violations
A report from Moody's shows that more than 90% of the mortgages originated since the Consumer Financial Protection Bureau's (CFPB) TILA-RESPA Integrated Disclosure (TRID)...
Mid America Mortgage Intros New Online Marketing Support Portal
Mid America Mortgage Inc. has introduced a new online marketing support portal for its strategic business partners, including real estate agents and brokers....