Mortgages

There has not been a great deal of buzz surrounding the CFPB complaint database thus far, but servicers could gain valuable perspective simply by understanding the process.

In the circles in which I travel, discussions related to the Consumer Financial Protection Bureau have not been favorable.

We're hearing that the days of 30-year fixed mortgage rates below 4% may be over.

The Federal Housing Administration has quietly extended its special forbearance program.

Ballard Spahr’s long-term expansion goals have now led to the creation of Ballard Spahr Stillman & Friedman in New York.

The employment contract of L. Stephen Smith as chief executive, president and chief operating officer of The PMI Group Inc. expired on June 30 and was not renewed.

The Federal Reserve Board has ditched a stringent and complex Basel III risk-based capital rule for residential mortgages and decided to leave the current risk weights in place for all banks.

Walker & Dunlop has entered into an amended and restated warehouse credit agreement with PNC Bank that ups its existing $450 million facility to $650 million.

Denmark is warning that the world’s biggest mortgage market per capita is again under threat from a proposal by the Basel Committee on Banking Supervision.

Stonegate Mortgage Corp. plans to conduct a registered initial public offering of its common stock.

Home prices increased over 12% in May over the same month last year, the largest increase in the CoreLogic Home Price Index since February 2006.

EverBank Financial in Jacksonville, Fla., is opening a commercial real estate lending office in Houston.

Spending on the construction of new single-family homes edged up 0.4% in May as housing starts slowed in May and April.

The relatively weak financial strength of certain originators and sunset provisions on the backstop by the seller still demand additional protections.

Matt Gutauskas, who was part of the Independence/Sovereign team that came over with Honstedt, is the new managing director.

Another 10 states have adopted a uniform mortgage loan officer test that makes it easier for MLO’s who want to be licensed in multiple states.

A combination of improving payment behavior and decreasing delinquencies have brought some stability to the mortgage market, according to Equifax.

CoreLogic's common stock closed over 8% higher on the news of the DataQuick/Marshall & Swift/Boeckh purchase.

Mortgage Grapevine poster LewM has a problem.

Any time there are regulatory changes there is a direct and significant impact on the technology required by originators and servicers to conduct daily business.