Underwriting

Both the 203(k) and Title 1 programs have not gotten attention by the agency for quite some time, senior officials admitted during a briefing.

The company looks to leverage its understanding of credit risk developed through its mortgage insurance and analytics operations.

The organization has a new sample notice, the statement of credit denial, termination, or change form, with an accompanying XML file for implementation.

Switching to a system in which the buyer pays an agent’s fee out of pocket would be most damaging to minorities and first-time home buyers, who could have more difficulty in qualifying for a loan, the HomeServices of America paper said.

Higher rates are also affecting the share of loans that actually go all the way to closing, Black Knight found.

The move aims to help workers who experienced interruptions in employment due to the public health emergency qualify for Federal Housing Administration-insured mortgages.

The 18.5% increase in Fannie Mae's and Freddie Mac's purchase authority was the driver of a 41% decrease in higher balance originations between December and January.

The regulator's mortgage translations website offers the Supplemental Consumer Information Form in the six most-spoken languages in the U.S.

The former lender’s abrupt closure Wednesday and First Guaranty’s recent bankruptcy filing highlight difficulties in the current mortgage environment despite nonbanks being on stronger financial footing than their counterparts of 14 and 24 years ago.

Capital adequacy at the four largest underwriters remained strong at the end of 2021 even with a slight decline from the prior year, Fitch Ratings said.