Radian Asset Assurance Acquired By Assured Guaranty Corp. For $810M
Assured Guaranty Corp. (AGC), a subsidiary of Assured Guaranty Ltd., is acquiring Radian Asset Assurance Inc., the financial guaranty business of Radian Group...
Ocwen Settles With NYDFS For $150 Million; Erbey Steps Down
Mortgage servicer Ocwen has agreed to pay a $100 million civil penalty to settle allegations brought by the New York Department of Financial...
Monitor Finds More Problems At Mortgage Servicer Ocwen
Joseph Smith, the federal monitor overseeing the 2012 national mortgage settlement, wrote in a recent report that mortgage servicer Ocwen Financial Corp. may...
Aquiline Capital Partners To Become Majority Investor In LenderLive
New York-based private equity firm Aquiline Capital Partners has signed a deal to become a majority investor in end-to-end mortgage technology and services...
Ocwen Buys Pool Of Ginnie MSRs With UPB Of $253 Million
Mortgage servicer Ocwen Financial Corp. recently purchased 1,705 delinquent Federal Housing Administration-insured loans with an unpaid principal balance (UPB) of $253.1 million from...
Zillow: Buying Twice As Affordable As Renting
According to a recent Zillow analysis of third-quarter income and home value data, it is now more affordable to buy a home in...
Fannie, Freddie Lower Down Payment Requirements
In an effort to entice more first-time home buyers into the market, as well as to help lenders make more loans to 'underserved'...
New Index Shows First-Time Home Buyers Not So Absent After All
The American Enterprise Institute's (AEI) International Center On Housing Risk has released a new First-Time Buyer Mortgage Share Index (FBMSI) showing that first-time...
New Tool Will Protect N.Y. Homeowners From Foreclosure Rescue Scams
New York Attorney General Eric Schneiderman on Tuesday introduced AGScamHelp, a new website where homeowners battling foreclosure can check and see whether a...
CFPB Expands, Clarifies Rules Related To Foreclosure
The Consumer Financial Protection Bureau (CFPB) is proposing numerous new rules for mortgage servicers to ensure that - in the words of CFPB...
GSEs Update Their Rep And Warranty Frameworks
To help ease lender concerns related to loan buybacks - which, in theory, should spur lenders to relax their self-imposed overlays and free...
PRIA: Two-Thirds Of County Recorders Now Have E-Recording In Place
If you think a lack of technology adoption among the many rural country recorders' offices is what's slowing adoption of the e-mortgage, you...
Housing Starts Dipped 2.8% In October, Single-Family Production Up
Housing starts dipped 2.8% in October compared to September to reach a seasonally adjusted annual rate of 1,009,000 units - but unlike previous...
FHA’s MMI Fund Getting Healthier, Won’t Need Bailout
After fixing the problems with its reverse mortgage program, raising fees, tightening underwriting standards and improving loss mitigation policies, the Federal Housing Administration's...
Another Three Years Before Housing Returns To ‘Normal,’ Zillow Survey Reveals
At the current rate of recovery, it's going to take another three years before the housing market returns to 'normal,' a recent survey...
RealtyTrac: Institutional Investor Activity Slowed In Q3
Sales to institutional investors - defined as entities that purchase at least 10 properties in a calendar year - accounted for 4.3% of...
First-Time Home Buyers Fall To Lowest Level In Three Decades
The number of first-time home buyers fell to 33% of all buyers in 2014, down 5% from 2013 to reach the lowest level...
Attendees Reflect On The MBA’s 2014 Convention And Expo
Attendees had a lot of good things to say about the Mortgage Bankers Association's (MBA) 2014 Convention and Expo held recently in Las...
It’s Official: Federal Reserve Concludes Its Bond-Buying Program
Saying that labor market conditions have improved, unemployment is down, household spending is up and that inflation has held below 2%, the Federal...
Four Out Of Five Lenders ‘Very Concerned’ About QC, Survey Reveals
Four out of five mortgage lenders are 'very concerned' about loan quality, a survey conducted by document management solutions provider Capsilon reveals. The...