Originations

FHA officials believe lenders will qualify more borrowers with sub-680 credit scores via manual underwriting, but there is concern they will simply limit originations to plain-vanilla FHA.

Wells Fargo and PNC are the lead lenders on the loan.

The slide in refinancing brings commitments to purchase new mortgages to its lowest level since June 2011.

These institutions see an opportunity in a declining market to fill a void created by competitors exiting.

The settlement is part of CEO Brian Moynihan’s efforts to resolve liabilities tied to faulty mortgages that have cost the company at least $50 billion since the financial crisis.

The pool has a relatively high concentration of 11 hotel properties securing close to 21% of the allocated loan balance.

Alaska is the last on a very short list of states that have digitized 100% of their real estate and land inventories.

The legislation ensures growing communities won’t lose their eligibility for affordable government-backed mortgages.

The rebranded Arch Mortgage Insurance Co. is ready to start underwriting policies on loans from all originators, not just credit unions.

A Census Bureau reports shows little increase in first-time buyers.

Disparate impact alleged in Fair Housing Act complaints remains a high concern for mortgage originators as they enter the new era of the qualified mortgage.

The measure now goes to the House and an uncertain future.

Mortgage companies, including mortgage servicing and property preservation firms that invest in the wrong type of data drilling and search engine optimization tools, can be in big trouble.

James Lee Lankford orchestrated an 11-year mortgage fraud scam that looted elderly homeowners and lending institutions.

The Federal Housing Administration will immediately start accepting electronic signatures on all mortgage insurance endorsement and servicing documents, and will accept e-signatures on promissory notes beginning Dec. 31.

BlackRock Solutions as an advisor is offering more than $2 billion in bonds from 234 nonagency RMBS that the agency acquired when bailing out ING Groep.

Most of the 4% year-over-year increase came in the first part of 2013.

The NAR's 2014 forecast calls for sales to hold steady year-over-year with price increases moderating.

Countrywide is accused of selling defective mortgages to Fannie Mae and Freddie Mac.

The company's earnings rose 7% from a year earlier, to $18 million.