Giving roughly 5 million immigrants at least temporary relief from deportation could conceivably ease lenders' and borrowers' qualms about mortgages to undocumented workers who qualify with individual taxpayer identification numbers.
The national delinquency rate fell to a seven-year low through October, according to data from Black Knight Financial Services.
Learn how one bank replaced its paper-based loan origination system with D+Hs Web-based MortgagebotLOS, and is keeping pace with compliance and customer needs.
Lenders who make or buy non-qualified mortgages are learning how to get more of a handle on the risks, in part by ensuring they don't stray too far away from QM boundaries.
The U.S. Securities and Exchange Commission resolved an impasse over punishing Bank of America Corp. in a mortgage-bond case, clearing the way for the lender to complete a $16.7 billion global settlement, people familiar with the matter said.
From Our Blogs
»Three Percent Down Payment Mortgages Didn't Cause the Housing Crisis
»LOs Need to Meet the Needs of All Millennials
»How the $187 Billion GSE 'Bailout' Went Awry
»Consent Order Bears Out Risk of Skirting LO Comp Rules
»GSEs' Risk-Sharing Deals Are Good for the Housing Market
»Taking a Census for the Origination Business
»What Republicans' Election Win Means for Housing Reform
»Is HUD's Disparate Impact Rule Unconstitutionally Vague?
»The CFPB's Mini-C Guidance is a Roadmap to Avoid Red Flags
»Is Disparate Impact Out?
- Auction.com Named One of AlwaysOns OnMobile Top 100 Companies for 2014
- Commercial Real Estate Recovery Continues to Strengthen According to Auction.com Research Report
- National Field Representatives Celebrates 25th Anniversary
- IDS Creates Internal Team to Manage Mortgage Doc Prep System Integrations
- Auction.com Launches Real Estate's First Nowcast