Mortgages

Lenders are seeking fixes to a proposal by the Consumer Financial Protection Bureau that would allow institutions to repay points and fees that inadvertently exceeded the "qualified mortgage" rule.

The reduction in mortgage demand has some credit unions reaching down to slightly lower credit scores.

The Legg Mason unit plans to buy mortgages made to self-employed borrowers who may not have the documentation for qualified mortgages as well as interest-only loan.

A reported $12 billion settlement with federal and state authorities could force Bank of America to take a charge eating up most of its second-quarter profits. After that, the bank may finally get to move on.

Economic growth will rebound in the second quarter, averaging 3.1% over the next six quarters, but the housing market may not be as strong due to constraints on lending, according to bank economists.

Risks and headwinds abound, but if smaller investors opt to pool their properties into multi-borrower securitizations, this market could materially grow. Lingering economic factors suggest large players will remain involved.

CWCapital Asset Management took title to Stuyvesant Town-Peter Cooper Village, Manhattan's largest apartment complex, and canceled an auction for control of the property.

WinWater Home Mortgage is planning its first sale of bonds without government backing.

Small lenders have slashed their payrolls by 9,000 workers this year.

The regulator wants to ensure the government-sponsored enterprises set guarantee fees at a level that turns a profit after covering the cost of capital, administrative expenses and expected credit losses.

New York's banking regulator said Thursday that he intends to simplify state requirements for obtaining a mortgage banking license.

Prosecutors have probable cause to present a grand jury with the felony case against the Federal Housing Finance Agency official accused of threatening to kill former director Edward DeMarco, a judge ruled.

Home price appreciation during the first quarter of 2014 resulted in 312,000 borrowers regaining equity in their properties.

Executives at private mortgage insurers expect the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, to reduce some fees in the next year, which would make privately-insured GSE loans more competitive with government loans.

Builders have noticed some easing of mortgage credit standards recently, but not enough to make a meaningful difference on the housing recovery.

Mortgage rates in the U.S. rose, increasing home-loan costs for the first time in six weeks.

Ocwen Financial Corp. will no longer require distressed borrowers involved in litigation with the mortgage servicer to sign nondisparagement agreements as a condition for receiving a loan modification, New York's banking regulator said Wednesday.

Lenders across the country reported increased demand from consumers and businesses, continuing a prevailing trend from earlier this year, according to the Fed’s Beige Book.

While lenders do not survey applicants on sexual orientation for their Home Mortgage Disclosure Act reports, a look at the data on same-sex couple applicants is intriguing.

Bank executives see opportunity in selling MSRs and servicing the loans for the buyers.