Underwriting

Interest rates fell in August to the lowest level recorded all year for millennials, which could mean expanded buying power for this segment, according to Ellie Mae.

Xerox Mortgage Services will change its name as it becomes a part of Conduent, the company that will incorporate Xerox's business process outsourcing division.

The 1.35% delinquency rate was the lowest since at least 2001, and it marked nearly four years of delinquencies below the 15-year average of 2.21%.

M&T Bank is offering mortgage subsidies through a new program to qualified consumers in New Jersey and nearby states.

Mortgage applications increased 2.9% from one week earlier, according to the Mortgage Bankers Association, as the conforming interest rate fell to its lowest level since July.

More than $200 billion of the most poorly underwritten commercial mortgages originated before the financial crisis come due this year and next, many of them still underwater.

Multichannel loan origination system provider OpenClose has added a rate sheet generator to its product and pricing engine.

Though they have a reputation for being precarious, Federal Housing Administration loans are leading the decline in mortgage application defect risk, according to First American Financial Corp.

Deutsche Bank jumped in Frankfurt trading after a media report that the lender is nearing a $5.4 billion settlement with the U.S. Department of Justice in a probe tied to residential mortgage-backed securities, less than half an initial request.

Strong home sales are boosting originations of Federal Housing Administration loans and opening the door for first-time buyers — developments that could portend the mortgage insurance agency receiving a positive report from auditors this fall.

An FHA lender was cited for violating Department of Housing and Urban Development rules by allowing repayment provisions in second mortgages.

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.