Underwriting

Community bankers are showing renewed interest in consumer lending but admit they may be losing ground to more tech-savvy players, according to a survey released Thursday.

BB&T Corp. has agreed to pay $83 million to settle a Department of Justice investigation over loans that failed quality control tests but were still insured by the Federal Housing Administration.

Low interest rates are keeping the housing market strong even as affordability keeps declining, according to Freddie Mac.

Sperlonga Data & Analytics has begun reporting homeowner and condominium association payments and account statuses to Equifax.

Now that Fannie Mae requires trended data credit reports for its automated underwriting system, will other secondary market players follow suit? If so, how soon?

The Consumer Financial Protection Bureau filed a lawsuit against a Van Nuys, Calif., credit repair company for deceptively marketing its services and charging consumers illegal fees.

Fannie Mae employees will be working this weekend to update the agency's automated underwriting machine to process trended data for the first time.

The average sales price of a new mobile home was $67,800 in April, compared with an average sales price of $380,000 for a site-built home.

The granular data and quick decisions that can help field a winning fantasy football team have a lot in common with the analytics tools that mortgage lenders use to monitor and evaluate their operations.

It may take several years, but the Rural Housing Service is on a path to modernize its single-family program and give lenders more responsibility for approving and closing loans.