The individual performance of mortgage-related companies in this publications equity index ranged from a gain of about 5% to a loss of about 1% in value on the day.
Mortgage loans originated this year are favorable towards borrowers, but there may be a shift in risk and eligibility as the market moves into a purchase and first time homebuyer market.
The CFPB's "Know Before You Owe" rule combining TILA and RESPA disclosures "is one of the largest and most impactful regulatory changes credit unions have probably ever seen, one analyst says.
It is not just a way for them to fill their pipelines during a slowdown in originations, they claim.
Contrary to historic trends, third-party mortgage loans originated after the crisis years are performing almost as well as retail originated loans.
The individual performance of mortgage-related companies in this publications equity index ranged from a gain of about 3% to a loss of about 2% in value on the day.
Diane Cobb and Paul Davis were both indicted on 15 counts of conspiracy, mail fraud, and wire fraud in connection to a $2.4 million scam.
Lenders' choices today are stark: Make Qualified Mortgage loans and risk being sued under the disparate-impact doctrine; make non-QM loans and risk being sued under the ability-to-pay-doctrine; or sell their loans to Fannie Mae and Freddie Mac.
The securitization will be backed by income from a portion of the Scottsdale, Ariz.-based firms portfolio of single-family rental homes.
The bank is resolving to pay millions in cash in addition to giving claim credits and other payments on certain vintage mortgage loans.
The government wants to add Wells Fargo Vice President Kurt Lofrano as a defendant to a lawsuit that claims the bank was reckless in underwriting mortgage loans it falsely certified as eligible for Federal Housing Administration insurance.
Some of the countrys most distressed neighborhoods will benefit from a new round of federal funding that simultaneously promotes community redevelopment planning and transformation through housing, services and job creation.
News that the Fed decided to continue the quantitative easing asset purchase program has left real estate investment trusts worrying about the future of the mortgage REIT market.
The bank is setting people up with NextJobs Homeowner Reemployment Program.
The insurer underwrites all of its policies and therefore can offer relief in less than 36 months.