The bill passed by the House took a more cautious approach to relief than prior legislative proposals but has still been hailed by banking industry groups.
Government-sponsored enterprises Fannie Mae and Freddie Mac are in a race to offer services and technology that help mortgage bankers raise cash from mortgage servicing rights.
From first-time homebuyers and real estate referrals to digital mortgages and back office execution, here's a look at the biggest concerns and highest priorities of the country's most successful loan officers.
The National Mortgage News 2018 Top Producers program recognizes the nation's best mortgage loan officers and identifies the key market developments, business practices and priorities that define their careers.
The $1.56 billion Towd Point Mortgage Trust 2018-2 also features higher exposure to loans on investment properties, in some cases loans backed by single-family homes in more than one state.
The Ginnie Mae 2020 report coming out this summer will reveal the path the agency is taking toward working with digital mortgages, an agency executive said at an industry conference.
Originations and margins are thinning, and there will be mortgage banking firms that don't make it through this year, but after that, the numbers may look better.
Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.
Reducing unnecessary compliance burdens will pave the way for economic growth, larger job creation and wage increases, and re-evaluating technology will play an important role in doing so, according to Craig Phillips, counselor to the secretary at the Department of the Treasury.
Executive Vice president of Strategic Programs
Industrial Bank
A provision to remove new mortgage recordkeeping requirements would help overburdened community banks lend without disrupting data collection that is used to police discrimination.
Executive Director
Pennsylvania Utility Law Project
Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.
Demands for loan quality aren't just coming from regulators and the government-sponsored enterprises. Secondary market partners and investors don't want to be left holding the bag if loans that lenders create have quality issues.
President and CEO
National Reverse Mortgage Lenders Association
Despite having a qualified candidate ready to serve, Senate leadership on both sides of the aisle have ignored their responsibility to vote on Brian Montgomery's nomination as Federal Housing Administration commissioner.
Despite a national trend of declining foreclosure volume, a recent spike in foreclosure activity has created a number of hot spots in many local markets. Here's a look at the 12 cities most affected by this development.
Acting CFPB Director Mick Mulvaney has dropped agency plans to crack down on overdraft programs and large marketplace lenders. Here's what else he's changing.
From location and age to gender and price point, here's a look at how demographic differences influence homebuyer confidence about saving for a down payment.
The home buying season is already shaping up to be especially competitive this year, as rising prices and mortgage rates are putting a damper on purchasing power in many once-affordable housing markets.
Everyday lenders become more and more challenged to deliver a competitive modern consumer experience, expedited loan fulfillment, heightened loan quality and per loan profitability, reduced fraud, risk exposure and per loan costs.
As banks modernize their mortgage platforms, they need to be mindful of a slew of state and federal laws, some of which are in the process of changing. In this executive summary, a compliance expert walk through current compliance considerations and help leaders form a strategy for meeting ever-changing regulations.
