Underwriting

Appraisal appeal rules announced by Fannie Mae, Freddie Mac and FHA set to go into effect in three weeks, will now be required starting on Oct. 31.

The Swiss bank claims that Countrywide is obligated to indemnify it for legal expenses stemming from risky mortgages bundled pre-2008.

Nearly all of the business came from home purchases, but reflecting the decline in mortgage volume and a revived Federal Housing Administration offering, fewer people overall used the product.

Kroll Bond Ratings Agency offers some preliminary guidance on examining newly available, historical data that may aid stakeholders in a credit score transition.

A group of 14 state attorneys general, led by Tennessee, joined the chorus of opposition to the Fannie Mae pilot to not require title insurance on certain refinances

Iannitti co-founded the document company in 1987 and later took a leading role in promoting eMortgage process adoption.

Further efficiencies could aid servicers, and improved performance may be a reason for lenders to open the credit box, experts at an Urban Institute event said.

The wholesale unit is running a month-long special looking to boost the product by waiving the $795 origination fee.

As part of the three-year agreement, the group will fund a $1.22 million scholarship fund to recruit minorities into the appraisal profession.

For the sixth consecutive month, more mortgage credit is available to consumers, but it still remains historically tight, the Mortgage Bankers Association said.