Underwriting

The deadline has arrived for mandatory submissions to the Federal Housing Administration's Electronic Appraisal Delivery portal, but as many as one-third of lenders that originate FHA-insured mortgages have yet to use the new system.

The market gyrations following the United Kingdom's vote to leave the European Union have an upside for mortgage lenders, as already-falling interest rates are expected to boost home purchases and refinancing.

Fannie Mae has delayed the roll out of its new automated underwriting system that will require mortgage lenders to use trended data for the first time in submitting their loans for approval.

Mortgage rates are up two basis points over the previous week, but they are not increasing as fast as the benchmark 10-year Treasury yield.

Mortgage applications increased 2.9% from one week earlier as interest rates remain at three-year lows, according to the Mortgage Bankers Association.

In something of a cruel irony, homebuilders are finding constraints on construction financing easing, but little in the way of quality lots on which to put up their houses.

PennyMac Mortgage Investment Trust is now offering sellers the option to have the company underwrite the whole loans it purchases.

The decline in homeownership can be stopped, and even reversed, by taking action on credit access, better evangelizing for down payment programs and offering borrower counseling.

Optimal Blue will be acquired by private equity firm GTCR in a deal that makes Mortgagebot founder and tech veteran Scott Happ CEO of the Texas-based product and pricing engine software vendor.

The 30-year fixed-rate mortgage saw interest rates fall to the lowest level in three years as expectations for the Federal Reserve's June meeting and Britain's potential exit from the European Union drove investors to the safety of U.S. bonds.

Fears about repurchase requests made by Fannie Mae and Freddie Mac persisted beyond the crisis, but those fears don't match actual repurchase numbers.

Mortgage applications decreased 2.4% from one week earlier even though interest rates for conforming loans are at their lowest point in 18 months, according to the Mortgage Bankers Association.

Delinquencies on non-owner-occupied commercial real estate loans ticked up in the first quarter after years of steady declines. Some are shrugging off the increase, saying it was expected given the strong demand for CRE loans, but others say there's good reason to be concerned.

There's been plenty of speculation about insurance companies crowding out commercial mortgage bond investors this year.

Down payment assistance programs can save homebuyers an average of $17,766 during the life of a loan, according to a joint report from RealtyTrac and Down Payment Resource.

Mortgage rates were lower this week after the May employment report came in well below expectations, according to Freddie Mac.

The Department of Housing and Urban Development has reached an agreement with First-Citizens Bank & Trust Co. in Raleigh, N.C., to settle alleged fair lending violations.

JPMorgan Chase's next residential mortgage securitization looks a lot like the six deals it completed in 2015: it is backed by jumbo loans to high-quality borrowers that the bank acquired from other originators.

Mortgage applications increased 9.3% from one week earlier as rates were basically flat for the period, according to the Mortgage Bankers Association.

TRID wasn't as hard on the wholesale channel as was once feared, but some parties involved in the process still either do not fully understand the rule or haven't perfected their operations to handle it.