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As Michael Young prepares to depart as chairman of the Mortgage Bankers Association he has two items at the top of his Washington wish list: that regulators “get it right” on both the qualified mortgage and qualified residential mortgage rules.
October 19 -
Keep your ears open in Chicago at the MBA show for hints about which way the minimum net worth requirement is leaning.
October 19
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Sterling Partners plans to invest several hundred million dollars in mortgage servicing rights.
October 19 -
The latest roundup of regulatory changes and mortgage fraud news.
October 18
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Commercial mortgage-backed securities have more risk than last year as landlords need to repay maturing debt and vacancies remain elevated.
October 18 -
Opera Solutions is splitting its industry analytics into two offerings.
October 18 -
Everyone should take advantage of the current low interest rates to refinance, but can they qualify? Why some perfectly good borrowers are being turned away.
October 17
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Springleaf Finance Corp., the subprime lender that’s been raising cash to repay maturing debt by packaging older mortgages into bonds, plans to sell $787 million of home-loan securities.
October 17 -
U.S. Bancorp said third-quarter profit climbed 16% to a record, beating analysts’ estimates as mortgage-banking revenue more than doubled.
October 17 -
Mortgage application volume decreased by 4.2% on a seasonally adjusted basis for the week ended Oct. 12.
October 17


