Mortgages

The reduction in refinance activity as the mortgage industry pivots toward purchase transactions amid higher interest rates has caused loan defect and fraud risk to rise, according to First American Financial Corp.

President Trump signed an executive order Friday requiring every agency to establish a task force focused on eliminating unnecessary regulations.

CoreLogic has released a new platform that provides information on lien and equity positions for whole loan traders and servicers.

Small investors, not first-time homebuyers, are driving home prices to unaffordable highs, according to a new report from Attom Data Solutions and Clear Capital.

Purchases of new homes in January were slower than forecast, signaling an increase in mortgage rates may be giving some potential buyers pause.

Profits at Mill Valley, Calif.-based Redwood Trust shrank during the fourth quarter, reflecting lower interest income and net losses on the fair value of investments.

Teresa Bryce Bazemore, the president of Radian Guaranty, will retire from the private mortgage insurer at the end of April.

Mortgage industry hiring and new job appointments for the week ending Feb. 24.

The trend of embracing risk-based pricing in conventional mortgage fees and loan-level pricing should be reversed. Instead, credit risk should be pooled to ensure all creditworthy families have access to their American dreams.

The bank is holding on to $31.7 million of the notes to be issued in the $635 million conduit transaction in order to comply with risk retention rules, according to ratings agency presale reports.

The Consumer Financial Protection Bureau's arbitration rule will likely be overturned by Congress if the agency moves ahead with finalizing it.

The monthly prepayment rate declined in January, an indication of the effects of higher interest rates.

Although issuance of residential mortgage-backed securities remains down from a year ago, the number of nontraditional deals is continuing to grow, according to Moody's Investors Service.

CoreLogic reported a 90% year-over-year decline in net income during the fourth quarter, as impairment charges more than offset the company's revenue gains.

Driven by investor uncertainty, mortgage interest rates have moved by two basis points or less for four consecutive weeks, according to Freddie Mac.

Home value appreciation is ramping up in housing markets across the South, led by cities in Tennessee, Florida and Texas.

U.S. Treasury Secretary Steven Mnuchin's seriousness about overhauling the nation's $10 trillion mortgage market will soon be tested.

MetaSource has acquired Dallas-based mortgage document firm Orion Financial Group in an effort to expand upon its lien release offerings.

Ocwen Financial Corp. reduced its net loss in the fourth quarter, a reflection of the company's efforts to reduce expenses.

Republican lawmakers are citing a recent report that delinquencies rose for loans guaranteed by the Federal Housing Administration as a reason to delay a premium cut, but economists suggest the uptick is related to seasonal issues.