A new survey provides further evidence that continuing declines in mortgage origination volume have motivated lenders to ease credit standards.
The Consumer Financial Protection Bureau is expected to change how fees are defined for a key test to determine if a loan is a "qualified mortgage," according to observers.
More than half of consumers who don't own homes but want to are not bothering to check whether they could qualify for loans because they fear rejection, a survey finds.
Sales of previously owned homes fell in March for the third consecutive month as rising prices and cold weather discouraged would-be buyers.
Regulator Benjamin Lawsky is concerned that Hubzu, a website run by Ocwen's Alitsource affiliate, charges inflated fees "through conflicted business relationships" at the expense of mortgage investors and strapped homeowners.
Mortgage delinquency and foreclosure rates in March declined to levels not seen in at least six years, according to data from Black Knight Financial Services.
A powerful group of shareholders is amplifying attacks on housing finance reform legislation as they await resolution of a major legal battle, attempting to slow momentum on the bill before it likely passes the Senate Banking Committee.
U.S. Court puts pressure on HUD to help surviving spouses stay in their homes.
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»Why Loan Officers Should Be There at the Closing
»The HELOC Reset Wave: Sink or Swim
»Lenders Get a Break on Background Checks
»Converting at the Closing Table
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