Mortgages

Consumer credit default rates rose slightly in October from the previous month. But even with the recent increases, these rates are still much lower than levels seen a year ago.

Experian said that the average nationwide credit score climbed 2 points from last year, to 666.

Everyone at the company needs to believe in the strategy and believe that they can be successful.

According to an independent poll commissioned by Discover Home Loans, 89% of homebuyers use some form of online technology during the process of purchasing a home.

The company will launch a nationwide branding campaign in the first quarter of next year.

Most lenders are said to be embracing the regulatory changes being made to the home equity conversion mortgage, but for Generation Mortgage those changes meant too much risk and lower margins.

Confidence among homebuilders rebounded in November as low interest rates and a strengthening job market helped boost sales.

The Obama administration is committed to reducing FHA premiums for borrowers who complete the housing counseling program.

In loan officers' efforts to show they can meet the needs of one set of millennials, they shouldn't forget about the other buyers that can be helped.

The company is a new player in the market linked to Cerberus, an investor in pre-downturn jumbo securities market participants.

A secondary market system "dominated by Fannie and Freddie in conservatorship is simply not desirable," Castro says.

The Transforming Valuations Award recognizes a technology advancement in the appraisal, broker price opinion or automated valuation sectors. Learn about this year's finalists and see who won the 2014 MT Award.

Because the FHFA drew down vast amounts of taxpayer funds to "pay" for accounting provisions that would later be reversed, the GSEs remained saddled with in senior preferred stock that paid a dividend rate of 10%, until that rate was revised upward.

An independent actuarial report showed the Federal Housing Administration's mortgage insurance fund's capital ratio hit 0.41% this year, which is below the earlier estimate of 1.2%.

Colony American Finance has acquired a $165 million portfolio of acquisition lines secured by single-family homes from Archetype Credit Opportunity Fund.

Plaintiffs advocating for spousal rights in existing Home Equity Conversion Mortgages are renewing their motion for class certification, citing circumstances surrounding two instances of foreclosures under interim government policy.

The U.S. Supreme Court agreed to hear two Bank of America Corp. appeals that seek to give lenders more leverage over homeowners who file for bankruptcy protection.

A fine levied against a relatively small lender shows that capitulating to the demands of staff on matters of lawful loan officer compensation is not a risk worth taking.

With an eye on eliminating mortgage buybacks and adhering to increasing regulatory compliance obligations, mortgage lenders are redoubling their sales training efforts for both rookie and veteran loan officers.

Low demand coupled with low interest rates and a focus on simplicity and transparency led to the change.