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The likely dominant product in a mortgage market without a government-backed guarantee will be a three- to five-year adjustable rate loan with a prepayment penalty, according to one industry official speaking at the Mortgage Bankers Association's annual convention in Chicago.
October 10 -
In the spirit of what he called "participatory regulation," the de facto head of the Consumer Financial Protection Bureau invited the Mortgage Bankers Association to suggest which areas of housing finance need his agency's immediate attention.
October 10 -
The new chairman of the Mortgage Bankers Association called on members of the industry's widely diverse factions to pull together or face the prospect that others will control their destiny.
October 10 -
MortgageKeeper, the database that connects struggling homeowners with qualified local sources of assistance, has snagged another top tier servicer.
October 10 -
John Robbins, the ageless former chairman of the Mortgage Bankers Association, is partnering with holding company Bexil Corp. to develop Bexil American Mortgage, a new residential lender that will focus on both retail and wholesale channels.
October 10 -
About 1,500 protesters are expected to picket the Mortgage Banker Association's annual convention in Chicago Monday afternoon as part of the growing anti-Wall Street movement.
October 10 -
When it comes to repossessing property, it's once again pedal to the metal for lenders in South Florida.
October 10 -
In the loss mitigation area, one of the key industry trends is a "competition for the right kind of people who have the right kind of experience," according to Gagan Sharma, president and CEO of BSI Financial.
October 7 -
The mortgage industry commonly thinks of fraud on the origination side without noticing how often it is taking place in pre-foreclosure activity. As with origination, there are many pieces on the servicing side that serve up red flags to fraudulent activities.
October 7 -
The GSE regulator told House Democrats at a closed door meeting that the Federal Housing Finance Agency is committed to making meaningful changes to a special program that will allow more borrowers with high LTV loans to refinance at lower mortgage rates.
October 7
