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...
CFPB Flexes Its Regulatory Muscles
In a report that is essentially a review of recent enforcement actions, the Consumer Financial Protection Bureau (CFPB) says it recently uncovered some...
Wipe Your Data Or End Up In Big Doo-Doo
BLOG VIEW: News of security breaches, hacker attacks, and identity and data thefts has grown at an alarming rate across all industries: financial,...
Brian Lynch: Accounting Software For Mortgage Has Come A Long Way
PERSON OF THE WEEK: Brian Lynch is founder and president of Advantage Systems, a provider of accounting software to the mortgage banking industry....
Castro To Lenders: ‘Let’s Work Together’
In his third major speech since becoming secretary of the U.S. Department of Housing and Urban Development (HUD) in July, Julian Castro told...
Regulators Approve Final QRM Rule
Federal regulators on Tuesday approved a final, softened version of the Qualified Residential Mortgage (QRM) rule that requires lenders to retain a 5%...
MBA: Applications For Refinances Jump 23% On Lower Rates
Mortgage application volume increased 11.6% during the week ended Oct. 17, with most of that growth coming from a sharp rise in applications...
FHFA Clarifies Rep And Warranty Framework
In the hope of freeing up more mortgage credit for consumers, the Federal Housing Finance Agency (FHFA), overseer of government-sponsored enterprises (GSEs) Fannie...
The Walking Homestead
BLOG VIEW: One would think that as the nation's real estate market improves from the 2008 economic meltdown, neighborhoods would be back to...
Mounting Indicators Prove Housing ‘Recovery’ Illusory
BLOG VIEW: With the national unemployment rate around 5.9%, as of September, and a second quarter GDP estimate of about 4.6%, one might...
HUD Awards $38.3 Million To Fight Housing Discrimination
The U.S. Department of Housing and Urban Development (HUD) has awarded $38.3 million to more than 100 fair housing organizations and other nonprofits...
New Claim Against MERS ‘May Have Teeth’
BLOG VIEW: In recent years, Mortgage Electronic Registration Systems Inc., or MERS, has been the subject of an onslaught of litigation challenging the...
Study: Student Loan Debt Impacting Mortgage Market
Americans ages 20 to 29 saw their student loan debt become a much larger percentage of their overall debt during the past decade...
Wingspan Lays Off Employees At Two Call Centers
With delinquencies and foreclosures dropping precipitously, it would make sense that default servicers would need to scale back their operations. Not only that,...
Don’t Dismiss The ‘Skyscraper Index’ Just Yet
BLOG VIEW: When trying to sift through the smoke and mirrors, spin and so forth as to whether we are headed for another...
Fannie Mae: Consumer Attitudes Toward Housing Rebounded In September
After declining the previous two months, consumer attitudes toward the housing market returned to 'modestly positive' in September, according to Fannie Mae's National...
Black Knight: Average Loan Age Reaches High Of 54 Months
Because origination volume has been declining steadily during the past five years (2013 being an exception), the average age of a mortgage has...
Ben Bernanke ‘Unsuccessful’ In Getting Mortgage Refinancing
Ben S. Bernanke is having a hard time refinancing his home loan, the former Federal Reserve chairman reportedly said on Thursday during a...
Real Housewives Stars Sentenced For Mortgage Fraud
Reality finally caught up with Teresa and Giuseppe 'Joe' Giudice, stars of the Bravo reality series 'Real Housewives of New Jersey,' who were...