Compliance

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.

Findings from the S&P Dow Jones Indices and Experian Consumer Credit Default Indices show mortgage default rates continue to decline at a very slow pace.

If only you had something like this to help you determine which real estate agents you’d get along with, who do business like you do, who you might not only become business partners with, but life-long friends.

A local lender must pay an $81,000 fine. This is three times the origination fees charged the 20 consumers solicited through its office lease relationship with a local community bank.

Kevin Cordell, U.S. Navy veteran turned investor/servicer, started the habit of assigning a single point of contact to every mortgage transaction regardless of risk years before it was required by law.

The $26 billion-asset company's earnings fell 4% from the third quarter and 95% from a year earlier, to $35.8 million.

The move will give the company a presence in Texas, where several mortgage servicers and originators are located.

A Santa Clara County Superior Court judge is making three major companies pay approximately $1.1 billion to remediate lead paint used in the interior of homes built before 1978.

Price-to-rent ratios in San Francisco, for example, are up almost 25% since 2012 and near an all-time high. Also, national prices are 15% overvalued, “in real terms,” according to the company.

The deal worked out between the two officials will be used toward housing programs and helping anti-foreclosure programs.

If wishes always come true, lots of mortgage lenders will be increasing their volumes of purchase mortgages this year. But Fed tapering and rising rates may spoil the party.