Underwriting

The Federal Housing Finance Agency is considering bringing back the idea of imposing stricter criteria for purchasing mortgages in areas where residential Property Assessed Clean Energy financing is available.

Mortgage lenders' uptake of innovations in artificial intelligence, big data and other technologies has been relatively slow. It's an approach that may not be tenable in 2020.

There was less credit available for the first time in four months in December, when lenders offered fewer conventional and government products, particularly Veterans Affairs-guaranteed loans, the Mortgage Bankers Association said.

ClosingCorp, a San Diego-based provider of closing cost data, has purchased the WESTvm mortgage loan order management technology from West, an affiliate of Williston Financial Group.

The FHFA’s attempt to move some of its balance sheet into the private sector could leave investors with greater liabilities than they were initially told.

The percentage of homes started last year and built within an association rose 2 percentage points to 63%, according to the National Association of Home Builders.

The critical defect rate for closed mortgage loans continued its decline in the second quarter, as lenders benefited from increased loan volume and profitability, an Aces Risk Management study found.

Mortgage lenders are increasingly introducing new loan programs outside of typical underwriting parameters in line with indicators suggesting that the availability of credit in the housing finance market is growing.

The availability of mortgage credit jumped in November from the previous month as jumbo activity and refinancing in the government market increased, according to the Mortgage Bankers Association.

The housing market has changed dramatically since 2002 but the current appraisal limit has not. It's time for NCUA to catch up.

Changing or eliminating the exemption to the qualified mortgage rule could harm consumers and put smaller lenders at a disadvantage to the big banks.

Roostify is working with Level Access — a software provider enabling disabled people access to technology — to offer Americans with Disabilities Act compliant websites and mobile applications.

Consumer mortgage originator satisfaction scores fell in the second quarter as lenders had to work through the increase in application activity, a J.D. Power report said.

The percentage of recent mortgage borrowers with subprime credit scores still resides in the single digits, but nearly doubled what is was in 2013, according to TransUnion.

Mortgage credit availability increased in October from the previous month, as mortgage lenders increased their product offerings outside the government market, according to the Mortgage Bankers Association.

Fannie Mae and Freddie Mac’s exemption from the Qualified Mortgage rule is on borrowed time, but a House bill would allow lenders to use the mortgage giants’ guidelines for documenting borrower income.

VantageScore totaled 12.3 billion scores across consumer credit loan categories over a 12-month period between 2018 and 2019 with minimal mortgage volume, leaving potential for a major ramp up.

Loan origination system provider Ellie Mae has agreed to purchase mortgage technology firm Capsilon, citing the growing appeal of artificial intelligence-driven automation and interest in becoming more active as an acquirer.

PointPredictive has rolled out IncomePASS, which uses machine learning technology to determine if the borrower's income as stated on the application is realistic.

GameStop's plan to shutter up to 200 stores could adversely affect commercial mortgage-backed securities loans with a combined allocated property balance of almost $42 million, according to Morningstar Credit Ratings.