Underwriting

HUD Secretary Scott Turner issued five mortgagee letters pulling back on 12 Federal Housing Administration policies that drive up the cost for homebuyers.

As mortgage brokers gain market share, tensions over channel conflict resurface, pushing some lenders to rethink how they balance wholesale, retail, and correspondent lines.

The company gave no reason for his abrupt departure, which comes two months after the CEO of its parent First American Financial, Kenneth DiGiorgio, was fired.

Transparency has improved for mortgages but associations still lack access and insurance is a challenge in efforts to balance access to housing with safety.

Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.

Originators skilled in VA lending can assist families making a military permanent change of station who are looking to own a home at their new location.

The Mortgage Bankers Association chief thinks the move could fit in with regulatory goals, and it's getting pushback like an earlier version of the concept did.

The average owner experienced a four-figure decline in the first quarter compared to the same period last year even though the negative equity share is low.

The House and Senate will need to resolve a slight difference between their versions of the bill before sending it to President Donald Trump for his signature.

The wholesaler, which provides 2% down payment assistance as part of the program, previously offered it until May 2024, when it was replaced by a 0% down loan.