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Bonnie Sinnock

Bonnie Sinnock

Bonnie Sinnock has been writing for National Mortgage News since 1995. She also has worked on other SourceMedia publications as an editor and a reporter.

All Bonnie Sinnock's Stories
Democrats will adopt a party platform this week that omits most references to a need for continued post-housing crisis reforms, and instead focuses on expanding access to mortgage credit and support for industry regulation.
The official platform of the Republican Party has softened language calling for the end of Fannie Mae and Freddie Mac, while continuing to demand reform of the government-sponsored enterprises.
Uncertainty about what constitutes a TRID error has had a direct impact on independent mortgage bankers. But some warehouse lenders that provide those originators with interim funding have also been affected by the liquidity concern, taking on increased risk exposure.
While many depositories do just enough mortgage lending to low- to moderate-income borrowers to meet statutory requirements, The Federal Savings Bank has made it a backbone for growth.
The board of Nationstar Mortgage Holdings has unanimously elected CEO and President Jay Bray as the company chairman, succeeding Wesley Edens, who retired July 1.
Home prices registered an average year-over-year gain of 5.9% in May, according to CoreLogic's Home Price Index.
Fifth Third Mortgage has introduced a new down-payment assistance program in conjunction with Freddie Mac's Home Possible Advantage 3% down loan.
The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured mortgages have yet to use the new system.
Brokers remain perplexed over how to strike a balance between helping borrowers shop for the best deal and maintaining compliance with the TILA-RESPA integrated disclosures. Specifically, how do brokers and wholesalers meet TRID's delivery deadline and accuracy requirements when a loan is resubmitted to a new lender?
TRID wasn't as hard on the wholesale channel as was once feared, but some parties involved in the process still either do not fully understand the rule or haven't perfected their operations to handle it.
With the Consumer Financial Protection Bureau expected to clarify its integrated disclosure rules in July, one question lenders look to have answered is how to remain compliant when unexpected changes come up right before a closing.
The California Association of Realtors has renewed its push for promised Federal Housing Administration guidance that would make Property Assessed Clean Energy liens subordinate to first mortgage liens.
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