Lenders Must Make 'Good Faith' Effort on Mortgage Disclosures: Regulators
Federal examiners will expect institutions to show that they made a "good faith" effort in preparing for the implementation of the new integrated mortgage disclosures that go into effect on Oct. 3, regulators said in letters sent to industry groups on Thursday.
Reven Housing to Raise $50M in Direct Public Offering
Reven Housing REIT in La Jolla, Calif., plans to raise about $29 million through a direct public offering.
Jay Sherwood Stepping Aside as President of NMI Holdings
NMI Holdings Inc. president Jay Sherwood will step aside and become the company's vice chairman for the remainder of his employment agreement, the company said in an 8-K filing.
Rates Steady, Despite Global Growth Handwringing: Freddie Mac
Thirty-year fixed-rate mortgages averaged 3.85% during the week ending Oct. 1 merely a one-basis-point decrease from last week.
Fannie, Freddie Manufactured Housing Rule Due Soon, FHFA Says
The Federal Housing Finance Agency is planning to issue a final rule in the next 12 months to require Fannie Mae and Freddie Mac to better serve underserved markets, including manufactured housing, the agency said Thursday.
USAA to Move 120 Mortgage Workers in Texas to Ariz., Fla.
USAA will shift about 120 positions in its mortgage operations from an office near Dallas, to offices in Tampa, Fla., and Phoenix.
Manhattan Apartments a Bright Spot in Quarter as Prices Soar
In a quarter that saw a rout in global stocks, commodities and major currencies, at least one investment stayed hot: Manhattan apartments.
Why TRID Grace Period Still Leaves Lenders Vulnerable
If the Consumer Financial Protection Bureau provides lenders with a hold harmless period, it must also include protections to keep lenders from facing future lawsuits related to TILA-RESPA Integrated Disclosures compliance.
Chicago-Area Home Prices Move Up, But Gains Cooling
Home prices in the Chicago area and in much of the nation rose in July, according to the S&P/Case-Shiller home price index.
North Texas Apartment Rents Rising at Record Rate
Dallas-Fort Worth apartment renters this year are getting slammed with record rent increases.
WinWater Markets Its Largest RMBS Ever
WinWater Home Mortgage is back with its largest ever securitization of residential mortgage loans.
Fed's Bullard Suggests More Reg Relief for Small Banks
Community bankers merit more regulatory relief, particularly those that hold mortgage originations. That was a key message from James Bullard, St. Louis Fed President, during a community banking conference in St. Louis hosted by the Federal Reserve Board and the Conference of State Bank Supervisors.
M&T-Hudson City Deal Finally Approved by Regulators
The Federal Reserve Board has approved the merger of M&T Bank and Hudson City Bancorp after more than three years of delay. The approval came on the day the regulator had set as a deadline to announce its verdict on the deal.
How Lenders Can Avoid Falling Victim to Millennial 'FOMO'
To better serve millennial mortgage customers, lenders would be helped by understanding how the "fear of missing out" mentality drives this generation's consumer culture.
Mortgage Applications Fall by 6.7%: MBA
The rate of mortgage applications dropped 6.7% in the week ending Sept. 25, according to the Mortgage Bankers Association.