Compliance

Family wealth differences are having a more pronounced effect on consumer behavior as home prices increase, according to the Consumer Federation of America. And it does not look promising for homeownership hopefuls.

Some loan officer compensation plans are legal on a standalone basis, but their less-than-complete explanations in solicitations could draw the attention of regulators like the Consumer Financial Protection Bureau.

Interactive Mortgage Advisors is exclusively brokering the mortgage servicing rights, which have a wide geographic dispersion outside of a less than 19% Texas concentration and less than 10% California concentration.

The consumer must purchase the flood coverage in combination with homeowners insurance. The company lays claim to being the first admitted carrier in the state to offer such coverage post-Biggert-Waters.

Some products are being revised while others are seeing greater interest as lenders look to remain under the 3% fee cap.

The case involved a lender leasing space in a bank office with the rental fee allegedly based on loan production.

The complexity of regulations and the potential for updates or new guidelines renders static documents inefficient and inflexible.

The Rate Reset Protection option enables eligible borrowers to reset and lock-in a lower rate on a conforming, jumbo and super jumbo five-year adjustable-rate mortgage up to five times during the life of the loan.

A continuing stumbling block is that Fannie Mae and Freddie Mac are unhappy about having their liens on properties subordinate to PACE loans, a DBRS executive said at ABS West.

Current mortgage lending growth assessments are consistently pointing in one direction: jumbo loans, and to a lesser extent home equity credit lines. But these loans make sense only in certain areas.

Players in the REO-to-rental space see a bright future in pooling the cash flows of many operators into conduit transactions, but some believe the market is getting ahead of itself.

Fannie Mae had brought claims against New York-based Lehman over mortgages the bank packaged and sold. The agreement resolves one of the “single largest remaining claims” against the Lehman parent.

Federally insured credit unions with assets of $50 million-plus and concentrations in real estate loans would have to maintain additional capital requirements under the National Credit Union Administration proposal.

The decrease was largely driven by losses at the company's mortgage banking subsidiary, George Mason Mortgage.

Forecasts generally call for slower home price gains that could reduce volatility but also investment returns when it comes to securitization valuations. Some recently-hot markets like California are topping out.

This is the smallest monthly gain in almost two years and suggests the real estate recovery is losing strength.

Ocwen Loan Servicing's currently stable servicer quality metrics are insufficient when it comes to easing analysts' concerns.

The latest average, weekly Freddie Mac fixed-rate declines are smaller than previous ones. The next Mortgage Bankers Association survey will show whether applications have continued to increase in response.

More lenders are getting comfortable with making non-QM loans.