Mortgages

On Monday, National Mortgage News will publish a story in its paper edition (yes, paper) that says the Federal Housing Finance Agency is working on language that will make GSE loans bullet proof from buybacks if they’ve been current for 36 months.

Everyone needs to tell the truth about appraisal turn times in this period of increased application volume.

The Consumer Financial Protection Bureau Friday afternoon unveiled its latest proposal on loan officer compensation, providing more leeway for lenders to charge upfront points and points.

Treasury announced that it has amended the preferred stock purchase agreements that the federal government has used to prop up the two government-sponsored enterprises.

A plug-in developed by Quandis enables attorneys to verify whether borrowers are protected by the active duty provisions of the Servicemembers Civil Relief Act from an Excel spreadsheet.

Default management has taken on a new urgency since the housing market crashed in early 2008.

Sales in the top 50 master-planned communities accounted for roughly 5% of all new home sales last year.

San Bernardino County unanimously passed a resolution authorizing its staff to create a request for proposal, a formal mechanism for considering plans to address the glut of underwater borrowers.

Integra Group Real Estate said that through the first six months of 2012, its transaction volume increased 28% compared to the same time period a year ago even though overall REO sales in the region dropped.

The Treasury Department unveiled a bold new plan to speed up the dissolution of Fannie Mae and Freddie Mac, saying the two can no longer retain profits and must reduce their massive portfolio holdings at an annual rate of 15%.

Unlicensed origination activity by loan officers is occurring "at a surprising rate."

The Consumer Financial Protection Bureau’s highly anticipated proposed loan officer compensation rule is expected to be released Friday, but it won’t look anything like the agency’s original proposition.

Starting in September Bank of America has agreed to use the Web portal of Hope Now, in a move the alliance sees as “a game changer.”

The latest legal cases and regulatory actions from around the nation.

Federal officials unveiled new proposals that would toughen appraisal standards as they continue to mull broader steps to improve the mortgage process.

The Department of Housing and Urban Development and its auction advisor, DebtX, have set an auction deadline of Sept. 12 for investors to submit sealed bids on $1.7 billion of nonperforming residential loans.

Bank of America’s alliance with Hope LoanPort may give a new boost to the number of modifications completed hereon.

Data on the loans municipalities are being advised to target show fewer underwater mortgages are defaulting and when borrowers stop paying, modifications increasingly include balance cuts.

Shortly, the Federal Housing Finance Agency will come out with its parameters on what can – and can’t – trigger a buyback request from their wards, Fannie Mae and Freddie Mac.

Sylvan Road Capital will buy and renovate single-family housing units and convert them to rental properties in order to help stabilize communities and provide employment opportunities.