Origination

Wholesale lenders are capping broker compensation at 2.75%, below the CFPB's 3%, adding another "overlay" above and beyond regulatory requirements. Some say borrowers are being shut out as a result.

When serving United Nations employees, knowing how to explain the ins and outs of housing finance in the U.S. is a must. Fortunately for Chip Allen, mortgages run in his blood.

Purchases of new homes in the U.S. rose in May by the most in 22 years, indicating the industry is rebounding from a winter-induced lull at the start of the year.

Home prices in 20 U.S. cities rose at a slower pace than forecast in the year ended in April as declining affordability put a lid on appreciation.

The CFPB has opened a back door by accusing a lender of engaging in unfair and deceptive acts in connection with originating loans that the borrowers could not "afford."

Purchases of previously owned homes rose more than projected in May, a sign the industry is stabilizing after a weather-depressed quarter.

Residential home prices were up 6.4% in April from a year earlier, according to a report from Black Knight Financial Services.

Competition from site-built homes and distressed sales, the limited availability of conforming mortgages, and an underdeveloped secondary market have prolonged a slump in manufactured housing that started in 1998.

The move is the latest in a series of reforms to the government-insured Home Equity Conversion Mortgage, eliminating product features deemed to threaten the soundness of the FHA insurance fund.

Altisource would gain a venue to sell more of its origination services, while Mortgage Builder would get a larger company's backing to help achieve its goal of faster growth.