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Securitization of nonperforming home equity conversion loans was pioneered by Nationstar; FAC's inaugural deal may be outstanding longer.
December 7 -
The maximum loan amount for Federal Housing Administration mortgages will go up in more than 3,000 counties for 2018.
December 7 -
Mortgage application volume increased from one week earlier, driven by a boost in refinance activity, according to the Mortgage Bankers Association.
December 6 -
Newfi Lending is now approved by Fannie Mae as a seller/subservicer and by the Federal Housing Administration as a "Full Eagle" Mortgagee.
December 4 -
Private mortgage insurers are better positioned to weather a flatter or even inverted yield curve than other financials from an investment perspective, a report from FBR Capital Markets said.
December 4 -
Brian Montgomery seems on his way to being confirmed to lead the Federal Housing Administration. But once he gets there, he may find it difficult to be as innovative as he was during his first stint as commissioner — particularly when it comes to reducing FHA premiums.
November 29 -
Mortgage application volume decreased 3.1% from one week earlier as the start of the holiday shopping season likely slowed activity, according to the Mortgage Bankers Association.
November 29 -
The Senate Banking Committee voted to advance the nomination of Brian Montgomery to serve as commissioner of the Federal Housing Administration, despite ongoing criticism from some Democrats that he is too close to the financial services industry.
November 28 -
The Federal Housing Administration's recent actuarial report has added more fuel to the fire over concerns about reverse mortgages, including their effect on the overall FHA insurance fund and a rise in foreclosures.
November 22 -
Mortgage applications rose slightly this week, increasing 0.1% from a week earlier, according to the Mortgage Bankers Association.
November 22 -
The vast majority of default servicing professionals are investing in "significant" REO property improvements to increase resale values in a hot housing market.
November 20 -
The three major hurricanes that caused so much devastation during August and September was largely responsible for the third-quarter increase in mortgage delinquencies.
November 17 -
The Federal Housing Administration was battered by losses this year from reverse mortgages, casting doubt on whether the agency will adopt an Obama-era proposal to reduce mortgage insurance premiums.
November 15 -
Mortgage application activity rose 3.1% from one week earlier as refinance demand increased, according to the Mortgage Bankers Association.
November 15 -
Trump officials have made clear their intent to reexamine how Federal Housing Administration lenders are cited under the False Claims Act, but whether that means lenders can rest easier is an open question.
November 10 -
Mortgage application activity was unchanged from one week earlier although rates came back down slightly from their four-month high, according to the Mortgage Bankers Association.
November 8 -
Capital One Financial will stop originating mortgage and home-equity loans after competition made it difficult for the businesses to be profitable.
November 7 -
More FHA homeowners than expected are refinancing out of the program and into conventional mortgages, despite an increase in mortgage rates over the past year.
November 7 -
Serious delinquencies on Federal Housing Administration loans popular among first-time home buyers with affordability constraints have improved this year, but may be reaching a plateau.
November 6 -
The HUD secretary’s comment that such use of the False Claims Act was “ridiculous” may delight the mortgage industry but does not bode well for taxpayers or the federal government’s future fraud enforcement efforts.
November 6
Phillips & Cohen LLP
























