The Consumer Financial Protection Bureau unveiled a new pilot program on Wednesday designed to allow consumers the ability to electronically review and file mortgage closing documents.
A coalition of more than two dozen conservative groups sent a letter to members of the Senate Banking Committee Wednesday, urging them to vote against a major bill to overhaul the housing finance market.
Brokers of servicing rights say the overall market remains robust, despite suggestions by Ocwen's William Erbey last week that trades had ground to a halt. Trading of seriously delinquent portfolios has slowed on concerns about increased liability.
MGIC Investment Corp., the No. 3 U.S. mortgage insurer, rallied after posting its largest profit since 2007, helping ease concerns that slowing home lending would weigh on results.
Flagstar Bancorp reported a significant first-quarter loss as its loan-loss provision more than quintupled.
Mortgage applications fell for the fourth time in five weeks as fewer Americans made home purchases or refinanced their properties as borrowing costs rose.
A new survey provides further evidence that continuing declines in mortgage origination volume have motivated lenders to ease credit standards.
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.
Ask the Experts is an educational, interview-style video series hosted by National Mortgage News that features an engaging Q&A series with mortgage industry experts. This series, sponsored by Nationwide Title Clearing, addresses key questions regarding compliance to latest regulations, mitigating risk through use of specific types of property reports and research, controls to help monitor and prevent downstream deficiencies, and more.
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»The Fatal Flaw in the Johnson-Crapo GSE Reform Bill
»GSE Reform Bill Falls Short of Assuring Small Lenders Survive
»Why LO Comp 'Pick-A-Pay' gets Picked On (Part One)
»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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