Origination news
Fannie Mae has started a pilot program that transfers 265 basis points of default risk on $3.7 billion of loans delivered over a six-month period to private mortgage insurers.
The Consumer Financial Protection Bureau's proposed changes to new mortgage disclosure requirements do not go far enough, according to many in the industry.
WestStar Bank in El Paso, Texas, has acquired assets from Cimarron Mortgage Capital.
Roostify plans to connect its automated mortgage decisioning platform with employment and income data from Equifax.
Home BancShares in Arkansas would rather buy banks that meet its financial parameters than do one large deal to catapult over $10 billion in assets. The bank also spent most of this year idling with M&A so it could prepare for stress testing.
Moody's Corp. said federal officials are planning a lawsuit over its ratings of residential mortgage securities that critics contend were inflated to win business in the years leading up to the 2008 financial crisis.
Mortgage industry hiring and new job appointments for the week ending Oct. 21.
Binh Dang has resigned as president of LendingQB, the company confirmed Thursday.
A federal court appeals decision could theoretically mean that Comptroller of the Currency Thomas Curry now answers directly to Treasury Secretary Jack Lew, a significant break from the agency's history of independence.
Profit fell at SunTrust Banks during the third quarter because of higher costs for technology and deposit insurance premiums, as well as an unfavorable yearly comparison.
A simple rhyme reminds one loan officer in a bustling California housing market to stay focused, committed and to treat every loan equally.
Associated Banc-Corp in Green Bay, Wis., reported higher quarterly profit on the strength of tight expense control and strong mortgage banking revenue.
Pulled under by a weight of disappointing condo resales and rising condo inventory, the volume of overall real estate sales in Miami-Dade County sank in September, while prices still powered ahead.
After an end-of-summer surge, Chicago-area home sales were flat in September. Prices, however, climbed.
From House Speaker Paul Ryan to Financial Services Committee Chairman Jeb Hensarling, these 10 candidates for the House of Representatives attracted the most in campaign donations from the mortgage industry.
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