Underwriting

As recently as last week, the shuttered Cypress Mortgage Capital was marketing an offer for non-qualified mortgage loans.

The company is looking at the long-term picture, building business for 2023 and beyond, Chairman and CEO Mat Ishbia said.

LendingTree participants made 11 fixed-rate mortgage offers for every one ARM in the first half of 2022. Last year it was a 41-to-1 ratio.

Alternative data verifications used in non-qualified mortgage underwriting have increasingly been used by government-sponsored enterprises in response to expansive Biden-era housing goals, volatile rates and evolving technology.

AmTrust Title agreed to pay a $1.25 million fine and cooperate with Attorney General Letitia James' investigation into the title insurance industry.

In a market dominated by sky-high home prices, sellers looking to take the path of least resistance may be overlooking DPA borrowers.

Delinquencies are likely to rise if both interest rates and inflation continue their upward movements, a DBRS Morningstar report said.

If a reduction was critical at a time when interest rates were at record lows, it has become more imperative as affordability wanes, the Community Mortgage Lenders Association argues.

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.

Climate change is increasing the frequency of wildfires, hurricanes and severe winter storms; yet in areas most vulnerable to them, property value growth exceeds the national average, a new report finds.

The move builds on the government-sponsored enterprise’s previous program that facilitated the collection of more rent payment records from tenants who work with its multifamily borrowers.