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The Federal Housing Finance Agency has opened the door to experimenting with front-end credit risk transfer transactions, but it is not wide enough for some market players.
July 5
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The Consumer Financial Protection Bureau recently dressed down the mortgage industry for failing to innovate. Here are 10 tech ideas from the National Mortgage News team that could improve efficiency, margins and the industry's image among growing demographics. Some might sound farfetched, but so do most great inventions at first. Dream big.
July 1
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Lenders don't need to worry about meeting new requirements for getting tax transcripts from the Internal Revenue Service heading into the holiday weekend.
July 1 -
The scheme is used by borrowers who don't have enough income to qualify for a regular mortgage, so they apply for a higher rate non-owner-occupied loan.
July 1
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The Federal Housing Finance Agencys first report on the sales of nonperforming loans owned by Fannie Mae and Freddie Mac may seem discouraging at first.
July 1
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Berkshire Hills Bancorp is buying a bank with a national mortgage platform. The company hopes the business will provide a much-needed lift in fee income.
July 1
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Inaccurately insured homes can cost mortgage servicers millions of dollars in civil penalties a loss that can be prevented by better understanding the figures and analysis used to determine the correct cost of insurance needed.
July 1
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Nonperforming loan investors will have to consider principal reductions and offer more sustainable loan modifications.
June 30
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As the mortgage industry swings more toward purchase loans and away from refinancings, its risk from material misrepresentations increases.
June 30
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Loan application defect risk continued to decline in May, according to First American Financial Corp.
June 30
