Compliance & Regulation

• MT Award Winners
• Remembering Steve Fraser
• CFPB eClose Pilot

Freddie Mac has extended First American Mortgage Solution's approved distributor license to resell Freddie's valuation tools.

Home retention strategies outpaced foreclosure sales in August by a five-to-one ratio, according to the Hope Now alliance.

Changes to representation-and-warranty contracts are also expected to be announced at the MBA Annual.

Mortgage lenders are threatening to halt lending on condominiums in Nevada after the state Supreme Court upheld a law allowing homeowners associations to foreclose ahead of first mortgage holders.

Many lenders think home loans are off-limits for undocumented immigrants because they lack Social Security numbers, but higher-cost loans using borrowers' individual taxpayer identification numbers are available and being made by a handful of firms.

The Obama administration is pushing to ease access to mortgage credit, particularly for first-time homebuyers, but it doesn't appear likely it will employ one of its most readily-available tools.

The lackluster earnings season for regional banks continued. Executives at Fifth Third and BB&T shared concerns about margin shrinkage and other forces beyond their control, and they provided contrasts in expense control and management of interest rate uncertainty.

There has been a major shift from last summer when investor interest was so high it was outpacing inventory and blocking out other buyers.

Mortgage professionals need to get enough business done to justify a trip to the Mortgage Bankers Association's annual convention. Here's how to make sure that happens.