Underwriting

Xome, a Nationstar Mortgage Holdings effort to automate the home-buying process, has launched a notary mobile app.

Quicken Loans is partnering with Freddie Mac to boost business among first-time and middle-income borrowers as it battles allegations over its past underwriting practices on Federal Housing Administration-backed mortgages.

Single-family home market values nationwide are expected to rise 3.6% in the coming year, according to Veros Real Estate Solutions, which said this is one of the best forecasts in almost two years.

Roostify has closed a Series A investment round led by Texas-based financial services company USAA, the San Francisco-based automated mortgage transaction platform company announced Thursday.

MGIC Investment Corp. had third-quarter net earnings of $823 million, largely driven by a $698 million reversal of its deferred tax asset valuation allowance.

The Consumer Financial Protection Bureau backed off some of its initial plans in its final rule requiring lenders to collect more data from mortgage borrowers, but industry representatives warned the agency had not gone far enough.

Average fixed mortgage rates perked up the week ending Oct. 15, but remained under the 4% level for the 12th consecutive week.

WASHINGTON — The Consumer Financial Protection Bureau finalized a rule Thursday that requires lenders to collect more information from borrowers as part of mortgage disclosures.

LendingTree already offers a Yelp-like community where consumers can rate loan officers. Now it has created a question-and-answer forum within its loan officer directory platform.

Contrary to the arguments of its critics, the mortgage insurance premium reduction issued in January has helped spur positive capital growth for the Federal Housing Administration.

Mortgage application volume fell 27.6% on an adjusted basis for the week ending Oct. 9, reversing the rush of the previous week caused by the TILA-RESPA Integrated Disclosure rule becoming effective, according to the Mortgage Bankers Association.

Homeowners continue to give their properties a higher valuation than appraisers would, according to Quicken Loans.

"How's TRID going with you?" is sure to be the most-asked question at the Mortgage Bankers Association's Annual Convention, but fair lending compliance and the Qualified Residential Mortgage rule are among the key market developments that will dominate conversations.

Fannie Mae and Freddie Mac announced this week a revised selling representation and warranty framework at the direction of their regulator, the Federal Housing Finance Agency.

The inclusion of a loan secured by Chicago's Prudential Plaza in a recent CMBS is causing a stir.

In Bakersfield, Calif., a teacher on an average salary can afford 86% of the homes on the market. In Salt Lake City, that number drops down to only 26%.

A weak jobs report was enough to send mortgage rates into a downward spiral, according to Freddie Mac's Primary Mortgage Market Survey for the week ending Oct. 8.

By using data from both post-closing and prefunding quality control reviews, lenders can craft a more proactive prefunding QC strategy that takes into account high-risk areas that are specific to their businesses.

Getting those last-minute applications in before the TILA-RESPA Integrated Disclosure implementation date caused mortgage application volume to rise 25.5% on an adjusted basis in the week ending Oct. 2.

An initiative underway at Freddie Mac seeks to integrate new and existing technology to create a comprehensive suite of quality control tools designed to help lenders manage their mortgage repurchase risks.