Fannie Mae

Nonbank mortgage companies added 4,600 employees to their payrolls in July and may add more to address continuing rate-driven increases in loan volume.

The Treasury Department made clear in a much-anticipated report that it prefers Congress take up reform of the government-sponsored enterprises, but it also recommended steps that federal agencies could take without legislation.

The Mortgage Industry Standards Maintenance Organization has released a dataset designed to prepare lenders for a new mortgage application and automated underwriting system upgrades at Fannie Mae and Freddie Mac.

New Home Mortgage Disclosure Act data shows debt-to-income ratios have risen but also have been frequently cited among reasons for denials, suggesting lenders are becoming more cautious about this underwriting metric.

Damage from Hurricane Dorian's storm surge has the potential to affect 668,052 homes, according to CoreLogic's latest analysis. Reports estimate a worst-case total of $144.6 billion in reconstruction cost value.

The Treasury’s takeover of Fannie Mae and Freddie Mac left legacy shareholders holding the bag.

The race to optimize mobile capabilities for consumers is far outstripping efforts to improve the back-office experience. That imbalance carries substantial risks.

Though advocates and industry are rarely aligned, they are starting to coalesce around a plan that would call for the elimination of the CFPB’s 43% debt-to-income limit as part of its qualified mortgage rule.

Digitizing the lending experience can go a long way toward boosting mortgage applications even as interest rates continue to fluctuate.

To boost its presence in affordable housing, Synovus Bank is devoting considerable resources to training its loan officers.