Origination

Despite 12 years of education to the industry, there are still a lot of misconceptions out in the trenches about what e-mortgages are and where they can be used.

Fitch Ratings has downgraded seven classes from six different Home Equity Conversion Mortgage securitizations.

Ellie Mae’s secondary stock offering priced higher than expected and at $17 per share, will raise between $48.16 million and $55.36 million, after expenses, for the mortgage technology vendor.

To expedite the legislative process, House and Senate leaders are trying to combine three major bills, including a flood insurance bill, into a single package that both chambers can pass before Congress leaves for its July 4 recess.

Interest rates for the 30-year and 15-year fixed-rate mortgage matched their all-time lows as the 30-year FRM was unchanged from last week's 3.66%, while the 15-year FRM fell one basis point to 2.94%.

After shunning homebuilders for the last five years, investment capital is starting to find its way back into the new home market.

The Consumer Financial Protection Bureau is planning stronger disclosure requirements for reverse mortgages as more evidence emerges that senior citizens are using the product without fully understanding its main features and risks.

The largest RHS lender, JPMorgan Chase, is going ahead with a pilot program that allows underwater borrowers in 19 of the “hardest hit” states to refinance without a credit check or appraisal.

The Australian ABS market remains stabile as losses for all vintages are expected to stabilize during the second half of this year despite a slight increase in delinquencies and losses for Australian ABS in 1Q 2012.

Equifax's May National Consumer Credit Trends Report shows the total volume of severely delinquent first-mortgage loans declined to $450 billion from the peak of more than $700 billion in January 2010.