Compliance & Regulation

FHA officials believe lenders will qualify more borrowers with sub-680 credit scores via manual underwriting, but there is concern they will simply limit originations to plain-vanilla FHA.

The portfolio also has an average loan size of $265,833 and is 100% first lien.

Right now, there are contradictory messages between servicers of what is compliant. Utilizing technology can help servicers remain compliant to all of the industry regulation in effect today.

The settlement is part of CEO Brian Moynihan’s efforts to resolve liabilities tied to faulty mortgages that have cost the company at least $50 billion since the financial crisis.

The pool has a relatively high concentration of 11 hotel properties securing close to 21% of the allocated loan balance.

Alaska is the last on a very short list of states that have digitized 100% of their real estate and land inventories.

The real estate investment trust recorded a consecutive-quarter earnings gain on Thursday that reflects slower prepayments in its agency adjustable-rate mortgage portfolio during the last three months of 2013.

The rebranded Arch Mortgage Insurance Co. is ready to start underwriting policies on loans from all originators, not just credit unions.

Chances that Congress will move this year to wind down or transform the GSEs are dimming as lawmakers confront a split among Senate Democrats and a change at the regulator of the mortgage finance companies.

Disparate impact alleged in Fair Housing Act complaints remains a high concern for mortgage originators as they enter the new era of the qualified mortgage.