The Emerging Importance Of Cyber Liability Insurance And EPLI
BLOG VIEW: For lenders, determining proper insurance coverages, limits, optional endorsements and deductibles can be a time-consuming and, let's face it, tedious task....
Brian Benson: New Disclosures Give Lenders ‘A Lot To Solve’ In 14 Months
PERSON OF THE WEEK: Brian Benson is CEO of ClosingCorp, a provider of technology and data solutions to the mortgage banking industry. MortgageOrb...
New Home Sales Jump 18.6% In May: Biggest Increase Since January 1992
Sales of new single-family homes jumped 18.6% in May to reach a seasonally adjusted annual rate of 504,000, according to the U.S. Census...
Vacation Homes Are Bringing In More Than Just R&R
BLOG VIEW: With the winter safely in the past and summer finally here, relaxing vacations and tropical getaways are on the minds of...
Why Lenders Shouldn’t Rely On Their LOS For Document Management
BLOG VIEW: At the heart of a lender's operations is the loan origination system (LOS), a software application that facilitates the loan process,...
Scott Richardson: Alternative Valuation Solutions For An Alternative Market
PERSON OF THE WEEK: Scott Richardson is senior vice president of valuation services for ISGN, an end-to-end provider of mortgage technology solutions and...
FHA Warns Lenders: Don’t Mislead Borrowers On Reverse Mortgages
The Federal Housing Administration (FHA) is warning lenders to make certain that senior borrowers are fully informed of all their options when applying...
SunTrust To Pay $968 Million To Settle Faulty Mortgage, Servicing Claims
SunTrust Banks will pay $968 million to resolve federal and state claims that it sold faulty mortgages to investors, as well as to...
Castro: It’s Possible To Loosen Credit And Keep FHA Solvent
During a confirmation hearing held Tuesday before the Senate Banking Committee, a calm and cool Julian Castro, President Barack Obama's nominee to head...
Fed To Continue Tapering; No Change In Policy
The Federal Reserve will continue to taper its bond-buying program by another $10 billion per month come July, reducing its purchase of agency...
May Housing Starts Fell Short Of Forecasts
Housing starts fell short of forecasts in May, as home builders remained cautious due to lackluster home sales so far this year. What's...
Two More CFPB Officials Set To Testify In Discrimination Probe
The House Financial Services Oversight and Investigations Subcommittee last week subpoenaed two more employees of the Consumer Financial Protection Bureau (CFPB) who claim...
David Williams: New Regulations Have Become A ‘Marketing Tool’ For RightStart
PERSON OF THE WEEK: David Williams is the vice president of RightStart Mortgage, a mortgage lender based in Pasadena, Calif., that provides a...
Negotiations Stall Between BofA, Justice Department: Report
Negotiations over a multibillion-dollar settlement deal between Bank of America and the Justice Department concerning the bank's role in the mortgage crisis reportedly...
Former NFL Player Irving Fryar Offered Plea Deal In Mortgage Fraud Case
Former NFL wide receiver Irving Fryar and his mother, Allene McGhee, have reportedly been offered a plea deal in connection with charges of...
House Passes Mortgage Choice Act
The U.S. House of Representatives on Monday unanimously approved the Consumer Mortgage Choice Act, which is engineered to improve access to credit and...
Wells Fargo Loses Appeal To Overturn Settlement With FHA
A federal appeals court judge in Washington has reportedly tossed Wells Fargo's request that the court overturn a 2012 settlement with the Federal...
Johnson-Crapo Bill To Spark A Return Of Private Capital
BLOG VIEW: Five years ago, government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac were placed into conservatorship and driven into a shaky future....
Commercial/Multifamily Mortgage Debt Rose In Q1, But Delinquencies Declined
Commercial and multifamily mortgage debt outstanding hit a new high in the first quarter as delinquency rates continued to decline. According to the...
How Home Buyers Are Impacted By Private Mortgage Insurance
TD Bank has found that private mortgage insurance (PMI) has affected home buyers' home purchasing decisions, as a large percentage of buyers felt...