Rosie Biundo: The Dreaded Buyback Is Here To Stay
PERSON OF THE WEEK: Rosie Biundo is senior director of product marketing, verification services for Equifax. MortgageOrb recently interviewed Biundo to get her...
Successfully Diversifying Into The Bridge Loan Market
BLOG VIEW: I have spent most of my professional career financing commercial real estate. Lending platforms have included banks, credit companies and a...
RealtyTrac: All-Cash Sales Hit Record High In Q1
All-cash sales of homes reached a record high in the first quarter, rising to 42.7% of all sales from 37.8% in the previous...
Prospects Dim For Housing Finance Reform In 2014
The Johnson-Crapo housing finance reform bill - the most popular of several housing finance reform bills introduced in Congress during the past year...
Jeff McGuiness: Issuance Of ‘Non-QM’ Loans Will Gradually Increase
PERSON OF THE WEEK: Jeff McGuiness is CEO of Lenders One Mortgage Cooperative, a national alliance of leading community mortgage bankers, correspondent lenders...
FHFA Official Arrested For Threatening To Kill Former Acting Director
Richard Hornsby, the chief operating officer of the Federal Housing Finance Agency (FHFA), has reportedly been arrested for threatening to kill Edward J....
City Of Detroit Launches Online Auctions To Liquidate Seized Properties
The City of Detroit has launched a new website to auction off vacant homes that were seized by tax foreclosures. Bids for the...
Freddie Mac Gearing Up To Finance Trailer Parks
Now that one in three homes is unaffordable for the average American, according to a recent report from Zillow, Freddie Mac is gearing...
Keith Guenther: New Regulations Present Challenges For AMCs
PERSON OF THE WEEK: Keith Guenther is CEO of residential valuations solutions and services provider USRES and its technology business, RES.NET. MortgageOrb recently...
Fed: Next Round Of Tapering In May
The Federal Open Market Committee in March voted to continue tapering the Federal Reserve's bond buying program by another $10 billion per month....
CFPB To Soften Some Of Its Mortgage Rules
The Consumer Financial Protection Bureau (CFPB) is proposing to make some minor adjustments to its mortgage rules, so as to free up more...
Moody’s: Housing Will Rebound In Second Half
Despite weak home sales, rising home prices, lack of affordability and a poor job market, Moody's is optimistic that housing will rebound in...
Retire The Fax Server And Head For The Cloud
BLOG VIEW: If the past few months have taught us anything about the state of the mortgage industry, it's that 2014 is going...
Can Traditional Mortgage Technology Providers Address The E-Mortgage?
BLOG VIEW: The residential real estate finance industry has struggled with the electronic mortgage, or 'e' for short, for years. Efforts to move...
Bank Of America May Pay Up To $13B To Resolve DOJ, State Claims
Bank of America Corp. may have to pay up to $13 billion to resolve federal and state investigations into the sale of faulty...
CFPB Studying The Pros And Cons Of E-Closings
The Consumer Financial Protection Bureau (CFPB) is launching a pilot project to determine whether e-closings improve the mortgage process for homebuyers - particularly...
New Home Sales Down 14.5% In March
Spring home shoppers apparently remained in hibernation through March, as new home sales dropped 14.5%, compared to February, to reach their lowest level...
NAR: Existing-Home Sales Stagnant In March
Existing-home sales were basically stagnant in March, dropping 0.2% to a seasonally adjusted annual rate of 4.59 million - just slightly below the...
Lawsky Investigating Possible ‘Self-Dealing’ At Ocwen
Benjamin Lawsky, superintendent of New York's Department of Financial Services, who in February put a hold on Ocwen Financial's bid to acquire mortgage-servicing...
Dennis Hardiman: Community Lenders Facing Mortgage Conundrum
PERSON OF THE WEEK: Dennis Hardiman is CEO and founder of Embrace Home Loans, a nationwide lender that grew from humble beginnings. MortgageOrb...