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"We always cautioned our members against becoming mini-correspondents," says Marc Savitt.

CFPB Guidance Puts Mini-Correspondents 'On Notice'

The Consumer Financial Protection Bureau says brokers will have to comply with compensation limits even if they are funding loans via a warehouse line of credit.

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Radian, MGIC Must Fill Capital Gap Under Fannie-Freddie Plan

Radian Group and MGIC Investment Corp. are among mortgage insurers that would need to fill a financial gap under new financial-strength rules proposed by the Federal Housing Finance Agency.

Wolters Kluwer to Launch RESPA-TILA Toolkit

Wolters Kluwer Financial Services will launch a suite of training tools to help lenders comply with the Consumer Financial Protection Bureau's new integrated mortgage disclosures.

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.

New-Home Purchase Loan Requests Fall a Second Straight Month: MBA

Applications for loans to purchase newly constructed homes were down 5% in June from the month before, according to Mortgage Bankers Association data.

Five Things Mortgage Companies Should Do to Prepare for Audits

Whether it's the CFPB, a state regulator or a financial auditor coming to visit, here are some tips on getting your shop ready for the checkup.

Delinquencies Drop on Home Equity Lines, Mitigating Reset Fears

Home equity lines of credit have been a key area of improvement among consumer loan types, a report Thursday from the American Bankers Association shows.

Mortgage Rates Increase as Labor Market Improves

Mortgage rates for 30-year loans rose for the first time in four weeks, increasing borrowing costs as job creation bolsters the housing recovery.

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Looks like a refinance boom to build economic growth

"You have low rates on one side encouraging borrowing and putbacks to the GSEs on the other side that make lenders less willing to lend money," says John Stumpf.

Wells Fargo Guardedly Endorses Mel Watt's Agenda at FHFA

Wells Fargo executives said they support federal regulators' effort to expand mortgage credit availability but cautioned that it will produce little benefit for the bank's, or the industry's, bottom line.

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Private Mortgage Insurers Split on FHFA Draft Standards

The newly formed companies are effusive in their praise. The incumbents, not so much.

House Democrats Unveil Alternative GSE Bill

Reps. John Delaney, D-Md., John Carney, D-Del., and Jim Himes, D-Conn., introduced a new housing bill Thursday designed to provide an explicit government backstop for the market but still increase private sector participation.

Team Building, in Sports and Mortgage Lending

Just because a group of athletes or loan officers are the most skilled individual players does not mean that together they make the most capable team, writes Garth Graham.

FHA Premium Issue Sure to Challenge New HUD Chief

Julian Castro, who was confirmed as the new secretary for housing and urban development, is bound to face continued industry lobbying to lower premiums paid to the Federal Housing Administration.