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Mortgage applications increased 3.6% from one week earlier even though rates remained mostly flat during the period, according to the Mortgage Bankers Association.
October 18 -
MGIC Investment Corp.'s third-quarter net income of $120 million was more than double the $56.6 million for the same period last year as its losses incurred fell by over 50%.
October 18 -
From debating the future compliance landscape to developing a digital mortgage strategy, here's a preview of the top issues, ideas and themes on tap when the industry convenes in Denver for the Mortgage Bankers Association's Annual Convention & Expo.
October 17 -
The District of Columbia transaction may have potential on a national level.
October 13 -
HUD Secretary Ben Carson said he's held off making any decision on premium cuts until the confirmation of key appointments. "It has been a real ordeal getting people in place," he said.
October 12 -
The share of mortgage refinance applications dropped below 50% for the first time since the start of September, as interest rates rose to a six-week high.
October 11 -
Slightly looser underwriting outside the government sector is primarily responsible for the latest increase in credit availability.
October 10 -
Lenders could be responsible for water quality issues affecting borrowers and properties if the Federal Housing Administration follows through with its response to an inspector general's report.
October 6 -
A decline in refinancing applications offset the gain in purchase activity, leading to an overall drop in application activity of 0.4% from one week earlier.
October 4 -
The Federal Housing Administration is extending processing hours for reverse mortgages this weekend to accommodate a rush to get loans approved ahead of rule changes coming Oct. 2.
September 29 -
Mortgage application activity decreased 0.5% from one week earlier as a decline in refinance volume was only partially offset by an increase in purchases.
September 27 -
Borrower and mortgage eligibility problems, a sign of the shift to a purchase market, were the leading cause of critical defects found following post-closing reviews, according to Aces Risk Management.
September 25 -
Nominated last week as FHA commissioner, Brian Montgomery would lead an agency with a much better delinquency rate, but face new challenges.
September 21 -
The Federal Housing Administration responded to lender concerns about timelines that delay property re-inspections after storms by issuing a waiver for properties affected by Hurricane Irma.
September 21 -
Despite an uptick in interest rates, refinance loans held steady in August and closing rates reached a new 2017 high.
September 21 -
A federal judge awarded treble damages totaling $296 million in a False Claims Act case alleging Texas lender Allied Home Mortgage defrauded the Federal Housing Administration mortgage program.
September 20 -
Mortgage application activity decreased from one week earlier due to normal seasonal trends, according to the Mortgage Bankers Association.
September 20 -
The Mortgage Bankers Association wants the Department of Housing and Urban Development to tweak a policy on re-inspections of homes that are in a pending sale during a natural disaster.
September 15 -
The U.S. is investigating lenders for allegedly pressuring veterans and members of the military into unneeded mortgage refinances — unsavory conduct that not only leads to higher consumer costs but has consequences for one of the world’s largest bond markets.
September 15 -
As expected, President Trump has nominated Brian Montgomery to serve as the commissioner of the Federal Housing Administration.
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