Origination

The Federal Housing Administration is revamping its loan review processes to correct faulty underwriting in an effort to lure institutions back to the program.

If you worked at a bank and you spent $250,000 on a new marketing campaign and got no results, would you keep spending?

Although the proposal to add more Home Mortgage Disclosure Act requirements was required by the Dodd-Frank Act, those in the lending industry said they were taken aback by the amount of additional information the CFPB is seeking, arguing it goes way beyond the regulatory reform law.

The online ballot is now open for mortgage lender and servicing professionals to vote for their favorite technology and services vendors.

Using the MERS System helps stop mortgage lenders from fraudulently pledging the same loans to multiple warehouse lines. Most line providers register as interim funders. Some recent entrants may not.

The Consumer Financial Protection Bureau issued a proposal Thursday that would require lenders to disclose more information about mortgages, including the age and credit score of homebuyers, the property value and interest rate details.

Public officials must make it clear once and for all that the law forbids them to deny or delay a loan because an applicant is pregnant or on parental leave.

MGIC Investment Corp. promoted Patrick Sinks to chief executive officer as the mortgage insurer looks for ways to raise capital to meet new industry standards proposed by a U.S. regulator.

Mortgage rates were little changed, keeping borrowing costs close to the lowest this year as housing rebounds after a slow start to 2014.

The Federal Housing Administration is working to revamp its loan quality review program so that lenders will gain confidence in originating more single-family loans backed by the agency.