Finance

Federal Reserve governors continue to view the housing recovery as weak despite its multiyear efforts, citing—among other concerns—tight mortgage underwriting standards.

The causes of the most recent downturn go back a lot further than mortgages made between 2005 and 2007.

In a letter, Sens. Mark Warner and Chris Coons raised concerns that requiring a “premium capture cash reserve account” would impede the return of a private securitization market.

The Federal Housing Finance Agency is seeking public comments on a new securitization platform for Fannie Mae and Freddie Mac.

The qualified mortgage rule—ever so briefly—became a topic in the presidential debate Wednesday night.

Explain to your customer that the credit score they obtain from one of those services could be vastly different than the one used for underwriting.

In September, commercial real estate loans in CMBS that were delinquent by at least 30 days or in foreclosure fell 14 basis points from the previous month to 9.99%.

Home loans were repaid in August at a pace that would erase 25% of the debt in a year, according to Lender Processing Services.

Nationstar Mortgage went from private equity flop to a top servicer of troubled loans, thanks to deft management and a Fannie Mae partnership once hidden even from parts of the government.

Record low interest rates have led to a spike in refinance volume, driving total mortgage application volume up by 16.6% on a seasonally adjusted basis for the week ended Sept. 28.

Churchill Mortgage is on pace for a record year in loan volume.

Bliss Sawyer sends an update about the Rural Development program to her referral partners.

Almost a month ago Mortgage Industry Advisory Corp. held an auction on $8 billion of Government National Mortgage Association servicing rights.

The Federal Housing Finance Agency said that The Cogsville Group has purchased 94 Fannie Mae properties in Chicago as part of a real estate owned pilot initiative.

The New York attorney general has sued JPMorgan Chase, charging that the Bear Stearns brokerage it bought committed fraud in the sale of hundreds of billions of dollars in mortgage-backed securities.

Lender seeks to ease minds of buyers worried about declining home vales.

Fannie Mae purchased $86 billion of loans from its seller/servicers during August, up 12% from the month prior.

Platinum Data and SharperLending have entered into a technology alliance providing access to certain product on the collateral valuation side of the transaction.

Morgan Stanley Mortgage Capital Holdings was sued for at least $111 million by a trustee for investors in mortgage-backed securities.

HLSS completes another servicing deal with Ocwen Financial Corp.