National Mortgage News|Mortgage News, Analysis, Trends

CLOSURE: The latest HUD changes "bring the industry closer to a point where it can complete reform and move forward," says reverse mortgage consultant Jeffrey Taylor.

Reverse Mortgage Spouses Get Another Break, But Strings Attached

The government has added further protections to reverse mortgage borrowers' spouses who are not named in the loan agreement, but placed conditions under which they are ineligible for older protections.

Regulation

Distressed

Latest Headlines

New Hedge Fund Scouts for Non-QM Jumbo Mortgages

Joining the hunt for higher-yielding niche loans, the asset management unit of NewOak Capital has quietly launched a private fund to acquire nonqualified residential mortgages.

Zillow CEO Says Trulia Brand Will Continue After Acquisition

If Zillow is allowed to acquire rival Trulia, the company says it will maintain both brands' websites.

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.

FHA Tees Up Affordable Rental Housing Program

Aiming to address a nationwide shortage of affordable housing, FHA has launched a risk-sharing pilot program that it hopes will encourage community development lenders to finance the rehabilitation of smaller multifamily apartments.

Mortgage Applications Fall 3.2% as Refis and Purchases Decline

Mortgage applications were down for the first time this year as both purchase and refinance activity decreased.

Emailed

Mortgage Grapevine

OT: Viner wants Seattle to destroy New England at the Super Bowl

Looking for a lender willing to do stated income loans in Florida

Mortgage bank seeks new outlet to sell loans to

OT: Hawks comeback, Pats deflate game balls, next stop Glendale

WORD IS BOND: "We think there is a need in the market for offering greater certainty of coverage," says David Gansberg at Arch Capital.

Mortgage Insurer Positions Unit for Private MBS Comeback

Arch Capital Group is repurposing a subsidiary to insure mortgages that are headed for private securitizations. Insuring such loans separately from the unit that works with Fannie and Freddie lets Arch offer more favorable terms to lenders.

Origination

Secondary

From Our Blogs

Four Takeaways from Watt's Grueling Return to Capitol Hill

At a hearing Tuesday, GOP lawmakers hammered FHFA Director Mel Watt for four hours over his recent decisions to allow Fannie Mae and Freddie Mac to buy loans with lower downpayments and provide money to two affordable housing trust funds.

FHFA Threatens Suits as Nevada Grapples with 'Super' Liens

Homeowners associations seeking unpaid dues are seizing on a court decision allowing them to foreclose on properties ahead of banks, and the FHFA is litigating to defend Fannie and Freddie mortgages. Private lenders, meanwhile, are trying to keep the problem from spreading to more states.