House Committee Passes Bills to Delay TRID Enforcement, Revise QM
The House Financial Services Committee approved a bill that would delay the Consumer Financial Protection Bureau's enforcement of the new TILA-RESPA integrated disclosure rules. It also approved two additional bills addressing the qualified mortgage rule and GSE executive compensation.
Regulators Should Hold CIT Bank Accountable for Strong CRA Plan
Regulators have given the merger between CIT Group and OneWest Bank the green light so long as CIT comes up with a revised Community Reinvestment Act plan. This condition is good news for the low-income communities impacted by the merger and sets a strong precedent for regulators' review of future bank deals.
EverBank Reports Jump in Jumbo Mortgage Originations
EverBank Financial, driven by growth in jumbo mortgage originations, had second quarter home loan volume of $2.7 billion, up from $2.2 billion one year prior.
Down Payment Amounts Increase in 2Q: LendingTree
Down payments increased in size in the second quarter, as competition for homes picked up this summer, according to LendingTree.
BOK Financial's 2Q Profit Rises on Mortgage Banking, Loan Growth
BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.
Ellie Mae's Mortgage Automation Product Receives Patent
Ellie Mae has obtained a patent for its automated mortgage origination and processing software.
Slight Increase in Mortgage Application Activity: MBA
Mortgage applications for the week ending July 24 rose by nearly a percentage point, according to the Mortgage Bankers Association.
Pending Sales of Existing Homes Unexpectedly Decline
Fewer Americans signed contracts in June to buy previously owned homes, representing a pause in the housing market's momentum.
Dallas-Area Home Prices Grow at Twice the National Average
The Dallas area had one of the highest home price gains in the country in the latest nationwide comparison.
Millennials Want to Walk, Not Drive: Study
Millennials prefer walking over driving by a wider margin than any other generation, a poll conducted by the National Association of Realtors and the Transportation Research and Education Center at Portland State University shows.
Flagstar Beats Expectations on the Back of Loan Sales, Warehouse Lending
Flagstar Bank far outpaced expectations for its second-quarter results due to high loan sales and a strengthened portfolio from the subtraction of lower performing loans.
Top Producer Shares Her Secret to Keeping Referral Partners Happy
Atlantic Coast Mortgage's Ashley Smith explains why keeping her referral partners happy is the key to her success as a loan officer.
Home Values up in South Florida But Growth Continues to Slow
Home values in South Florida went up over the last year but the pace of gains is slowing.
Sandy RREM Recipients Can't Yet Sell Their Homes
Leo Brancato learned the hard way that when you're part of the Rehabilitation, Reconstruction, Elevation and Mitigation program, your home is not your own.
Why 3% Down Mortgages Alone Won't Revive Housing
The government-sponsored enterprises are buying conforming mortgages with as little as 3% down, but the new policy can't improve the housing market by itself.