Underwriting

Looser underwriting standards for agency-eligible adjustable-rate mortgages helped increase credit availability in August to its highest level since April, according to the Mortgage Bankers Association.

Mortgage rates dropped to a year-to-date low for the third consecutive week as the 10-year Treasury yield also declined, according to Freddie Mac.

As head of Fannie Mae's single-family mortgage business, Andrew Bon Salle wants to ease the burden of loan-level price adjustments, streamline condo loan approvals and expand rep and warrant relief. But even he admits there are limits to his power.

Mortgage refinancing applications were more than half of the volume for the first time since January, according to the Mortgage Bankers Association.

Loan application defects were unchanged for July compared with June, the first time in eight months there has not been an increase, according to First American Financial Corp.

Mortgage rates fell to a new low for the year this week, but are 38 basis points higher than they were one year ago, according to Freddie Mac.

Mortgage applications decreased 2.3% from one week ago, according to the Mortgage Bankers Association.

Millennial credit scores are lower than when Generation X consumers were coming of age, reflecting changes in credit consumption and other consumer behaviors.

Wells Fargo forced borrowers to pay millions of dollars in fees to extend interest rate locks that expired due to the bank's delays in processing mortgage applications, a lawsuit claims.

Mortgage rates decreased for the fourth consecutive week and dropped to their lowest mark since November, according to Freddie Mac.

Fannie Mae is extending its property inspection waivers to certain purchase mortgages with large down payments.

There was very little change in mortgage application activity for the second consecutive week, according to the Mortgage Bankers Association.

Mortgage rates continued to move lower as a result of economic uncertainty, according to Freddie Mac.

Mortgage application volume was practically flat when compared with one week earlier, according to the Mortgage Bankers Association.

Despite rising home prices and a market where many older homeowners are loath to sell, home equity line of credit lending remains muted in all but one corner of the industry: credit unions.

Critics of recent False Claims Act enforcement argue the Justice Department is too heavy-handed toward lenders and servicers. But in an industry reputed for shoddy processes during the crisis, perhaps stringent oversight is warranted.

Picking a new benchmark for adjustable-rate mortgages is the easy part. Industrywide implementation is where things get tricky.

Mortgage rates dropped to their lowest point in six weeks as bond investors were concerned about inflation and the U.S. economy, according to Freddie Mac.

With condominium lending rising, CoreLogic is now offering lenders self-service access to its condominium project review data service.

The mortgage delinquency rate reached its lowest point in nearly a decade in May due to tighter underwriting, according to CoreLogic.