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Kate Berry

Recent Stories From this Author

Mortgage Monitor Launches Investigation of Ocwen
December 16, 2014 Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of...

Fannie Moves Aggressively on New Low-Down-Payment Loans
December 8, 2014 Fannie said it will immediately begin accepting applications for fixed-rate 97% loan-to-value financing of borrowers with FICO...

Nonbanks Thanked for Picking Up Slack in Mortgage Lending
December 5, 2014 Officials at Fannie Mae, Freddie Mac and Ginnie Mae all heaped praise on nonbank mortgage lenders for stepping up to provide...

Mortgage Servicers Face Further Scrutiny from Fannie, Freddie: Report
December 2, 2014 Nonbank mortgage servicers are already in the crosshairs of regulators. Now they will face even more scrutiny from Fannie Mae...

Default Risk Is 'Tolerable' for Borrowers with Middling Credit Scores: Report
November 26, 2014 Banks could originate 300,000 more home loans per quarter and face only a slightly higher risk of default, according to a new...

Brouhaha Erupts Over 'Homeowner Tax' to Fund FHA's Decrepit IT
November 21, 2014 The Federal Housing Administration could finally get something it desperately needs: upgrades to its outdated technology...

The Glaring Absence of Minority Loan Officers
November 6, 2014 Lack of diversity in the sales force is one of several nagging issues underlying mortgage lenders' concerns about tepid home...

FHFA Concessions Show Mortgage Lenders Have Regained Sway in D.C.
October 31, 2014 Federal Housing Finance Agency Director Mel Watt has struck a conciliatory tone, seeking lenders' input and making...

Ocwen Sets Aside $100M for Possible Foreclosure Settlement, Posts 3Q Loss
October 30, 2014 Embattled nonbank servicer Ocwen took a $100 million charge for a potential settlement of foreclosure violations and posted a...

Judge Throws Out $16M Verdict Against PHH for Servicing Errors
October 29, 2014 In a surprise victory for mortgage servicer PHH Corp., a California judge overturned a $16.2 million jury verdict awarded to a...

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