Underwriting

The Federal Housing Finance Agency announced Wednesday it had raised a cap on the amount of multifamily loans Fannie Mae and Freddie Mac can buy from lenders, boosting it to $35 billion effective immediately.

Mortgage software provider Ellie Mae reported a dip in net income as a result of increased sales, marketing and research expenses that outweighed revenue gains.

Misrepresentations on mortgage applications have inched up nationwide for the first time since July, thanks in part to trends in the energy and agricultural sectors which are creating pressure in the South, according to First American Financial Corp.

For banks looking to enter or expand their mortgage servicing rights business, there is a pressing question: Are the best years for MSRs behind us or do current market conditions offer a favorable risk/reward opportunity?

Arch Capital had a 77% increase in the mortgage insurance segment's operating income, and its U.S. unit saw its new insurance written increase by 34%.

NMI Holdings lost $2.5 million in the first quarter, an improvement over a first-quarter 2015 loss of $7.8 million, which is a sign the private mortgage insurer remains on track to become profitable later this year.

Large lenders are pushing the Federal Housing Administration to revamp its loan defect taxonomy to provide more certainty about potential errors and mistakes that could lead to enforcement actions.

Borrowers continue to get smarter about the mortgage process, but from questions about closing costs to the minimum down payment and credit score needed to qualify, there's still a lot that can keep consumers confused during the origination process, or worse, on the sidelines of the market entirely.

The Department of Housing and Urban Development said Friday that an agreement was reached between Fidelity Bank and the Fair Housing Project of North Carolina Legal Aid.

The time to close residential mortgage loans continues to drop, falling an average of two days in March from the previous month, Ellie Mae reported.