Compliance

Big banks are notorious for “hire and fire” tactics whenever there’s a hiccup in mortgage originations. Middle-market lenders can take advantage of this by pouncing on highly qualified staff they could not afford when the large banks were hiring.

Banks are scaling back from the almost $10 trillion market for MSRs amid looming Basel III regulations.

The charges accuse the firm and its three principals of forming a network of shell companies to profit from kickbacks through real estate settlement referrals.

Old Republic is the only one of the big four to see its profit increase as its mortgage insurance business contributes.

DeMarco wants to reduce Fannie and Freddie loan limits to make room for private capital in the mortgage market.

Contrary to popular belief there still are plenty of profitable single-family property investment opportunities in many U.S. markets.

Speculation that the Federal Reserve will maintain the status quo for its mortgage-backed securities and Treasury bond purchases put downward pressure on rates.

Consumer groups, governors and mortgage bankers are calling on Congress to reverse the law, which was designed to reduce the National Flood Insurance Program’s growing debt.

Arch announced plans in February to enter the market for mortgage insurance by adding assets from bankrupt insurer PMI Group in a $300 million deal.

JPMorgan Chase's acquisitions of Bear Stearns and Washington Mutual during the meltdown were once seen as bargains and more recently second-guessed in light of the bank's $13 billion mortgage settlement. The pain will pay off in the long run, experts say.

Are you being proactive and doing the things needed to keep your partners happy by preparing their clients for home ownership?

The bank is being scrutinized for violations of the Financial Institution Reform, Recovery and Enforcement Act.

A New York State examination showed the lender charged homeowners upfront “discount fees” in exchange for lower interest rates, but failed to give the borrowers the promised discounts.

The Salt Lake City company has long lagged in mortgages, and now is the time to get more aggressive as big rivals pull back and small competitors struggle with qualified-mortgage rules, CEO Harris Simmons says.

Lenders have been worried that they could be cited for discrimination, even if it's unintentional, if they only seek to provide QM loans, noting that many minorities would not qualify for that status according to recently released statistics.

Demand for units adjusted down for the first time in several years, according to a multifamily housing survey.

Blacks and Hispanics are likely to find it more difficult to obtain credit or face paying higher prices when the "qualified mortgage" rule goes fully into effect, a process that could take up to seven years.

The new qualified mortgage rule is pressuring vendors of loan origination systems to work with lenders to recode their units. There's a lot of work to be done before the Jan. 10 deadline.

The new organization aims to help mortgage lenders improve their business practices through collective strength.

The U.S. claims Bank of America and Countrywide sold thousands of defective loans from 2007 to 2009 to the home-mortgage finance companies.