Underwriting

New compliance challenges and competition make real estate alliances harder to secure. But they're essential for lenders to maximize market share. (Part three in a four-part series on the mortgage industry's response to the housing inventory shortage.)

Mortgage rates rose across the board for the second consecutive week, with the 30-year fixed-rate loan moving over 4%, according to Freddie Mac.

Fannie Mae and Freddie Mac's efforts to provide representation and warranty relief to lenders that perform automated data validations before loans close will improve mortgage credit risk assessment and lower costs for lenders and borrowers.

Rising mortgage rates hurt both refinance and purchase application activity as volume decreased 7.4% from one week earlier, according to the Mortgage Bankers Association.

The Department of Housing and Urban Development's Mortgagee Review Board has suspended Seckel Capital from originating and underwriting FHA-insured mortgages.

The Consumer Financial Protection Bureau's final rule to formalize guidance on a number of TILA-RESPA Integrated Disclosures compliance points omits an originally proposed fix for the so-called black hole that's created when a mortgage closing is delayed.

As expected, mortgage rates had their largest week-over-week increase since March as yields on the 10-year Treasury moved sharply higher, according to Freddie Mac.

Mortgage application activity increased 1.4% from one week earlier despite rising interest rates, according to the Mortgage Bankers Association.

The Trump administration's Justice Department was expected to be less aggressive in its pursuit of False Claims Act cases against the mortgage industry. Instead, its focus has shifted to Federal Housing Administration-insured reverse mortgages.