Underwriting

Many lenders may not have been ready for the CFPB's new mortgage disclosure rule if it took effect on Aug. 1 as planned. Now a slip-up by the agency itself has given lenders a two-month reprieve.

Pressure from community groups forced Valley National Bancorp to strengthen its commitment to lend in low- and moderate-income neighborhoods in order to win approval for a Florida acquisition. Other banks, too, are now placing CRA efforts front-and-center as they aim to sell deals to the public and their regulators.

Stonegate Mortgage Corp. is rolling out a new system that it says will give home-loan investors greater ability to handpick the debt they want to buy.

FHA tries to clarify what loan defects will bring the harshest penalties to guide lenders and instill more confidence.

A flood of ex-homeowners may be ready to re-enter the mortgage market over the next five years, according to a TransUnion report.

The deal, called New Residential Mortgage Loan Trust 2015-1, is the company’s first of the year; it completed three last year.

Lenders continued to refinance mortgages through the Home Affordable Refinancing Program in April, the Federal Housing Finance Agency reported.

FICO discards incomplete and old credit history information for a good reason. The solution to today's credit-access problems is not to use this unreliable data but to turn to alternative data such as the payment of everyday bills.

Access to credit is too tight. New credit-scoring models could increase the number of eligible borrowers in the U.S. without weakening todays underwriting parameters.

Down payments decreased in size in the first quarter, as mortgage lenders loosen underwriting requirements in the quest for higher volume, LendingTree said in a report.

Community West Bancshares in Goleta, Calif., said that a litigation settlement concerning its sale of residential-mortgage loans will reduce its second-quarter profit.

A decade after home sales peaked, 15.4% of owners in the first quarter owed more on their mortgages than their properties were worth.

Department of Housing and Urban Development Secretary Julian Castro touted the Federal Housing Administration’s recent improvement on Thursday, saying it was on a trajectory to hit its statutory minimum and had recently seen a "significant uptick in refinancings."

Private mortgage insurers see deeper coverage of GSE loans as a way to expand business, while lenders hope it could lead to a reduction to guarantee fees.

Alternative data used to score "credit invisibles" may do more harm than good. That's because in areas like employment and insurance, no credit score is often better than a bad one

The Consumer Financial Protection Bureau's "qualified mortgage" rule has put a damper on the recovery of the housing market, according to an American Bankers Association survey.

The title insurance industry in the United States looked a whole lot better in 2014, according to a recent study by Fitch Ratings.

Mortgage credit availability rose less than 1% in May, according to data released Thursday by the Mortgage Bankers Association.

Freddie Mac's weekly survey of the primary mortgage market found average interest rates for conforming loan products to be fairly stable.

The share of high loan-to-value ratio purchase loans is at a two-year high, according to RealtyTrac's 2015 Down Payment Report for the first quarter, released Thursday.