National Mortgage News|Mortgage News, Analysis, Trends

"We are chasing mortgage servicing out of our community banks," said Rep. Jeb Hensarling, R-Texas. Photo: Bloomberg News

House Panel Passes Bill to Ease Capital Requirements on MSRs

The legislation, sponsored by Rep. Blaine Luetkemeyer, R-Mo., would delay implementation of a provision of Basel III capital rules that establishes higher requirements on mortgage servicing rights.

Regulation

Servicing

Latest Headlines

Mortgage Applications Decline, but Purchases Increase Slightly

Mortgage application volume decreased from the previous week as refinances fell but purchase activity rose slightly.

Equifax Makes Its Verification of Hazard Insurance Available

Equifax Inc. has created a new Verification of Hazard Insurance service for mortgage and home equity lenders.

Web-Based Solutions Ease Compliance Challenge for Indiana Bank

Learn how one bank replaced its paper-based loan origination system with D+H’s Web-based MortgagebotLOS™, and is keeping pace with compliance and customer needs.

Home Prices in 20 U.S. Cities Rose at Slower Pace in May

Residential real estate prices rose in the 12 months ended May at the slowest pace in more than a year as a lull in the U.S. housing market limits appreciation.

Homeownership Falls to 19-Year Low Amid Credit Crunch

The homeownership rate in the U.S. fell to a 19-year low as rising prices and tight credit kept many first-time buyers out of the property market.

Varde Partners Completes $290 Million Note Issuance

Varde Partners completed the issuance of $290 million in notes secured primarily by real estate loans and assets.

Emailed

Mortgage Grapevine

Political: It's Obama's fault the economy grew 4% in 2Q

Loan to buy and set up a manufactured home

OT: Did the Browns make a mistake drafting Johnny Football

Political: The latest court ruling on Obamacare

Technology has enabled contact lists and borrower lead information to go digital, making paper-based address books obsolete.

Lead Gen Logistics

Customer relationship management technology and new regulations require lenders and loan officers to re-evaluate how they manage the ownership and use of lead sheets.

Origination

Regulation

From Our Blogs

Banks' Pursuit of Top-Tier Borrowers Drives Jumbo Mortgage Rates Down

Interest rates for mortgages over $417,000 have fallen 11 basis points during the past six weeks, driven by competition among banks to win the business of wealthy, less risky borrowers.

Incoming CEO's Challenge at MGIC: Grow Under New Constraints

Patrick Sinks is taking the reins at MGIC as the mortgage insurer faces tougher capital standards and a more competitive field where his company is no longer No. 1.

An Amazon for Lenders: Why Altisource Wants Mortgage Builder

Acquiring the technology vendor would help Altisource build a marketplace for ancillary mortgage services and reduce the company's reliance on its former parent and top client, Ocwen.

Big Banks' Mortgage Volume Soars, But Profits Still Grounded

It sounds liked a great business formula: home loans soared at several megabanks last quarter after they spent months cutting thousands of jobs to save costs. But executives remain concerned about profit potential because market shifts and new regulations are making mortgage lending more expensive.