Compliance & Regulation

New QM disclosures could delay closings when the purchase market heats up this spring.

Fannie Mae/Freddie Mac and Ginnie Mae investment vehicles averaged returns of about -1% to -3% over the course of the year when Federal Reserve policy and long-term rate trends changed.

Rising house prices are making it easier for second-lien borrowers to refinance.

The Prestwick Mortgage Group offering of the servicing rights on mortgage loans with an unpaid principal balance of $187 million is getting closer to deadline.

The PGA Design Center in Palm Beach Gardens, Fla., which backs a securitized $30 million mortgage sold for only $5.6 million, according to local media reports.

The bank is training the group as a way to increase lending without losing control of quality, according to Brad Blackwell, head of portfolio lending for the San Francisco-based lender.

Through December, 31% of residential properties in the foreclosure process now have some equity.

The vast majority of loans originated today will qualify for the safe harbor.

Competition is likely to heat up given that companies show more optimism about their individual production than that of the market as a whole, a Mortgage Bankers Association survey shows.

The Mortgage Industry Advisory Corp. has named MDS principal Kent Loehrke a managing director as a result of the acquisition.