Compliance

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.

In the past few years a handful of online lenders have emerged to capture 10% origination share.

Title agents have felt some residual heat from new rules, and they will directly feel the burn if the Consumer Financial Protection Bureau points a blow-torch at the closing process.

Housing Finance Agencies across the U.S. are rapidly expanding to restore the fading dream of homeownership.

The Patchogue, N.Y.-based mortgage lender is using a new platform to enhance service, sales and compliance.

Refinancing dominated application activity, the Mortgage Bankers Association's report weekly report shows.

A Moody's report suggests that roughly a dozen regional banks are at risk of sustaining meaningful credit losses on home-equity lines of credit that were originated in the boom years and are scheduled to reset over the next three years.

QM rule will have little effect on loan products, executives say.

Debt service coverage ratio has been the one commercial mortgage-backed securities underwriting metric to improve, but higher rates are likely to reverse its course.

LoanLogics is rolling out a management platform that helps improve performance and seeks zero defects.

Wells Fargo & Co., the biggest U.S. home lender, agreed to sell about 2% of its residential servicing portfolio, or about 184,000 loans, to Ocwen Financial Corp. as it tests the market.