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Origination news
Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?
The New York City Housing Development Corp. board approved the appointment of Eric Enderlin as president.
Income gains and lower mortgage rates contributed to an uptick in affordability in July across most major markets in the country, according to First American Financial Corp.
The National Association of Mortgage Brokers has created a new grant program that is designed to expand the mortgage broker channel by helping mortgage professionals open their own wholesale shops.
Home prices continued to increase nationwide, led by gains made in New York State, according to Black Knight Financial Services.
The Securities and Exchange Commission filed a motion in a federal court saying it will drop three out of five remaining civil fraud claims against two former top executives of Thornburg Mortgage, a Santa Fe-based firm that was once the second-largest mortgage company in the nation.
Purchases of new homes dropped in August after surging a month earlier to the fastest pace since 2007, representing a pause in momentum within residential real estate.
Arch Capital Group has planned a secondary public offering to raise some of the cash for its $3.4 billion acquisition of United Guaranty Corp. from American International Group.
The Consumer Financial Protection Bureau filed a lawsuit against a Van Nuys, Calif., credit repair company for deceptively marketing its services and charging consumers illegal fees.
Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.
Fannie Mae and Freddie Mac want to make it easier for owners of older apartment buildings to make energy efficient upgrades.
JPMorgan opted for more geographic diversity in its third securitization this year of prime fixed-rate residential mortgages predominately located in high-priced urban markets.
The average sales price of a new mobile home was $67,800 in April, compared with an average sales price of $380,000 for a site-built home.
Mortgage industry hiring and new job appointments for the week ending Sept. 23.
The National Association of Realtors has partnered with VA Loan Captain to create a platform designed to help its members better serve the needs of military and veteran homebuyers and sellers.
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