Underwriting

Rising interest rates typically cause lenders to relax underwriting guidelines. The incoming administration promises to deregulate. Sounds like a combustible mix, but there's ample room to loosen credit without returning to the practices that caused the crisis.

The Justice Department claims the bank, which has received "satisfactory" ratings in its last four CRA exams, is failing to serve minority neighborhoods around Minneapolis.

While precise definitions vary, the term generally describes a smooth customer experience that may not even require a phone call or branch visit.

As mortgage rates continued to move higher, the share of home purchase loans began to increase in December, according to Ellie Mae.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

The default rate on first mortgages increased a single basis point in December compared with November but was down 13 basis points over the same month last year, according to the S&P/Experian Consumer Credit Default Indices.

JPMorgan Chase's net mortgage banking revenue for the fourth quarter was $1.69 billion, an increase of just 1% over the same period in 2015.

The Seattle company warned that fourth-quarter profit could fall more than 80% from a year earlier.

Banks have started reconsidering how much they are willing to pay for low-income housing tax credits as expectations of a Trump tax cut surge, slowing down some projects already and threatening developers with heavier financing burdens.

Mortgage applications for new home purchases rose 2% year over year in December, the Mortgage Bankers Association reported.

Mortgage rates moved lower for the second consecutive week on the market's reaction to November's employment numbers, according to Freddie Mac.

Mortgage application volume started off 2017 on a good note as activity increased 5.8% from one week earlier, according to the Mortgage Bankers Association.

The Federal Housing Administration said it would cut the annual premium by 25 basis points starting on Jan. 27, giving President-elect Donald Trump a limited window to delay or scrap the cut.

New approaches to credit scoring lower the standard of the criteria required to receive a mortgage loan, at greater risk to the industry.

Some single-family lenders are ideally trying to move purchase loans from application to funding within 21 days at a time when average timeline is twice as long. Here's why.

The Federal Housing Administration is cutting its annual mortgage insurance premium by 25 basis points, lowering it to 60 basis points starting Jan. 27, the agency said Monday.

Initiatives aimed at a more inclusive credit box have long relied on costly approaches that are difficult to scale. Now, demographic shifts are intensifying industry demand for a more automated and efficient solution.

Demographics are shifting, creating more prospective minority homebuyers than ever before. But predominant underwriting processes and these would-be borrowers' financial backgrounds are holding them back.

Mortgage credit availability grew for the fourth consecutive month in December, the Mortgage Bankers Association reported.

Now that it has completed the purchase of its rival private mortgage insurer United Guaranty from AIG, Arch Capital Group plans to trim the sales force while avoiding service disruptions.