Origination

The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin.

Borrowers' spouses will no longer automatically be required to repay the mortgage when the person listed on the loan dies. The policy change does not help borrowers already in foreclosure.

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The CFPB last week made news by publicly recognizing that borrowers felt overwhelmed in regard to the closing process.

Contracts to purchase previously owned homes climbed in March by the most in almost three years, showing residential real estate was starting to stabilize entering the spring selling season.

The "5/5" attempts to give consumers more certainty about what they will owe in future years, splitting the difference between traditional ARMs and the more expensive, but lower-risk, fixed-rate mortgage.

But for now, Republic Mortgage Insurance Co. will remain in run-off until if and when outside capital can be raised.

Law enforcement agencies are contacting state licensing agencies if someone who is regulated has gotten arrested.

Fears that the Federal Reserve's reduction in mortgage-backed securities purchases this year would cause rates to skyrocket failed to come true. That's partly because there's less mortgage paper to buy.

As value-add opportunities continue to appear, mortgage brokers can help their clients grow their real estate portfolios by incorporating bridge loans from private lenders into the financing strategy.