Kate Berry

Recent Stories From this Author

Ginnie Mae Nixes Bank of America Mortgage Servicing Transfer
April 15, 2014 Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America to a nonbank servicer because of missing...

One-Third of Bankers Will Make Non-QM Loans: ABA Survey
April 7, 2014 After a year in which bankers have voiced steady opposition to the qualified mortgage rule, more than a third now say they...

Mortgage Lenders Sell Cash-Cow Servicing Rights to Survive
April 7, 2014 After slogging through several quarters of high expenses and shrinking profits, some lenders are now selling mortgage...

These Mortgage Lenders Are Holding Out for More Refi Volume
March 28, 2014 Rising home prices have emboldened some lenders to search for remaining underwater borrowers who have not refinanced. Wishful...

How Technology Could Create the 'Perfect' Mortgage Loan
March 26, 2014 With more reliable loan data, Fannie Mae and Freddie Mac would have greater confidence that borrowers would not default. In...

Top Banks in Mortgage Settlement Meet Consumer Relief Goal
March 18, 2014 The settlement monitor gave the banks credit for $20 billion in relief less than half the total provided, since only partial...

Mortgage Doldrums Spur Interest in Loans to Foreign Nationals
March 17, 2014 In the current tough mortgage environment, some lenders are willing to take the risk of lending to foreign nationals. The...

CFPB Takes Aim at 'Zombie' Foreclosures
March 12, 2014 The Consumer Financial Protection Bureau plans to address the growing problem of vacant and abandoned properties that banks...

FHA Quality-Assurance Plan Assures Fewer Loans Get Made: Lenders
March 5, 2014 The increased scrutiny, mortgage bankers complain, would end recent attempts to provide home loans to borrowers with weaker...

N.Y.'s Lawsky Now Targeting Mortgage Servicer Nationstar
March 5, 2014 After halting an Ocwen deal to purchase mortgage-servicing rights from Wells Fargo, New York's Department of Financial...

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