Mortgages

The American Bankers Association and Independent Community Bankers of America are urging the GSE regulator to block Freddie Mac from imposing a $7,500 annual fee on community banks that are low volume seller/services.

An improved customer experience isn’t the only reason to go paperless—lenders can realize great efficiencies and cost-savings too.

Kelly Marsh seeks to educate Realtors, sellers and buyers of the advantages these loans have, especially for her home market.

The members of the Mortgage Industry Equity Composite saw a more muted version of that enthusiasm, as 11 of the 17 stocks closed up.

Lenders issued and sold $41 billion in Ginnie MBS to investors in May, up from $40 billion in April.

We're hearing that lenders are only going to make qualified mortgages that meet the ability-to-repay underwriting standards mandated by the Consumer Financial Protection Bureau.

In today’s competitive environment, efficiency is everything. In short, the days of paper-based processes are quickly coming to an end.

Although Fitch has been worried about loosening underwriting standards in the commercial mortgage-backed securities market, it finds that so far delinquencies for CMBS 2.0 “remain virtually nonexistent.”

Fitch Ratings has raised its ratings outlook on Genworth Life Insurance Co. to stable with a key rating driver being the improve performance of the U.S. mortgage insurance business.

The Chicago office towers One & Two Prudential Plaza have received a hope note modification made possible by a $75 million new equity investment.

Jerry Kerley was sentenced in the Eastern District of Tennessee to serve four years in prison for wire fraud, bank fraud, and money laundering all stemming from a mortgage fraud scheme.

Lawmakers have not lifted a finger to give the Federal Housing Administration the authority to regulate its Home Equity Conversion Mortgage program via mortgagee letters.

One poster is asking the bulletin board’s participants for their opinions on what is the best occupancy verification tool for an originator to use.

Wells Fargo will provide $27 million to National Fair Housing Alliance members to promote home sales and neighborhood stabilization.

The recovery in the housing market will continue to strengthen this year and next year, according to a group of bank economists.

The Mortgage Bankers Association nominated Bill Emerson to be its vice chair for the 2014 membership year.

According to the Appraisal Institute, the Sensible Accounting to Value Energy Act of 2013 will ultimately help improve the mortgage underwriting process.

The Consumer Financial Protection Bureau's mandatory exam procedures aim “to appraise the quality of the financial institution's compliance management system…”

Walter Investment Management Corp. has filed an 8-K with the Securities and Exchange Commission saying it will be restating the historical financial information of Reverse Mortgage Solutions Inc.

Prospective homebuyers and real estate investors who are having difficulty purchasing a property due to a lack of available inventory still have another option to choose from: fixer-uppers.