Mortgages

Two recent court rulings affirmed that lenders can enforce electronically signed and transferred notes, laying important groundwork for wider adoption of electronic mortgage technology that could improve the customer experience for borrowers and save lenders and servicers a bundle.

Former Wells Fargo executive Mike Heid was voted onto Fannie Mae's board of directors Wednesday.

Mortgage professional hiring and new job appointments for the week ending May 20.

Compressed inventory and lackluster homebuyer sentiment thanks to tight credit availability has hindered the housing market from performing at its full potential in April, according to First American Financial Corp.

From the Common Security Platform and Freddie Mac loan sales to new accounting rules and what direction mortgage rates are headed, there was plenty to debate during this week's MBA Secondary Conference in New York.

Presumptive Republican presidential nominee Donald Trump and Democratic presidential candidate Sen. Bernie Sanders have something in common besides their populist support and views on fair trade: Economists don't like them.

The Justice Department filed suit Thursday against Guild Mortgage, arguing the firm violated the False Claims Act by improperly originating and underwriting Federal Housing Administration loans.

The experience of updating systems and overhauling workflows that mortgage lenders gleaned from implementing the TILA-RESPA integrated disclosures could prove useful to portfolio lenders as they implement a similarly complex accounting rule for reporting credit losses.

Essent Group may have an opportunity to buy Radian Group, the rival mortgage insurer whose chief executive officer is stepping down.

The number of zombie foreclosures, properties in the foreclosure process that are vacant, dropped 30.1% from a year ago during the second quarter, according to RealtyTrac.

Mortgage rates held near 2016 lows as a result of minimal action in the 10-year Treasury yield over the past week, according to Freddie Mac.

Fannie Mae forecasts flat to declining 30-year mortgage interest rates this year and next, while Freddie Mac thinks they will increase.

The percentage of loan applications which become closed loans slipped from March's high last month, according to Ellie Mae.

Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, introduced legislation Thursday to reform consumer credit reporting.

The Department of Housing and Urban Development issued a proposal Wednesday to codify recent changes to its reverse mortgage program and to provide additional protections for seniors, including a cap on annual interest rate increases.

Home prices in the San Francisco Bay Area, the epicenter of the U.S. technology boom and housing-affordability crunch, hit an all-time high last month.

Mortgage applications decreased 1.6% from one week earlier, according to the Mortgage Bankers Association.

Radian Group, the second-largest U.S. mortgage insurer, said Chief Executive Officer S.A. Ibrahim will step down at the end of next year after steering the company through the financial crisis as weaker rivals collapsed.

Despite a weak first quarter for GDP growth, the Mortgage Bankers Association's Mike Fratantoni still predicts that the Fed will raise short-term interest rates this year. That won't necessarily increase mortgage rates, but other variables might.

New-home construction rose in April, extending a pattern of gains and losses that signals the homebuilding industry is contributing little to economic growth.