Mortgages

Loan originator compensation is a category that stands out as an instructive example of unintended consequences stemming from legislation.

A final rule sets deadlines for both the recommended decision of the hearing officer and the final decision of the director in adjudicative proceedings before the CFPB.

Major servicers are in various stages of setting up their systems and training personnel to provide struggling homeowners with a single point of contact that they can rely on as they go through the loan modification process.

Regulators issued new guidance Thursday designed to provide relief for military homeowners who must move quickly to comply with orders.

The New York State Assembly passed a bill that protects homeowners from fraudulent business practices like robo-signing from taking place during the foreclosure process.

Fitch Ratings has issued the first of a series of reports that address recent investor allegations about “servicer specific deficiencies.”

Since the third quarter of 2008, student loan debt outstanding has risen by $293 million, or 47.9%.

Among the strongest industry rationales for a national mortgage servicing settlement was that it would break the legal stalemate over a huge backlog of delinquent loans.

Even though the housing market is nearing (or reached) a bottom (thanks to absurdly low rates) brokers continue to face public criticism for their role in the mortgage crisis.

Six out of 10 homeowners who received a loan modification stopped paying their mortgage again after 18 months, but there may be a modest silver lining buried in the high recidivism rates.

Loan brokers using table funding captured 9.9% of the origination market in the first quarter, a slight gain from 4Q when the sector had a 9.7% share, according to new figures compiled by National Mortgage News and the Quarterly Data Report.

The oversupply of homes currently on the market will prevent sustained home price gains for an extended period of time, possibly for at least the next 18 months.

Federal banking regulators have proposed new capital risk weightings for residential mortgages that advantage government-guaranteed loans but impose higher capital requirements on conventional loans – even with private mortgage insurance.

Pricing remains the biggest stumbling block in the sale of assets backed by commercial mortgage loans, according to panelists at SourceMedia’s Buying and Selling Distressed Mortgage Portfolios Conference in New York.

Social media are not the be all/end all when it comes to marketing.

Customers Bancorp in Wyomissing, Pa., is giving up nearly 20% of its ownership to venture into the greater Washington, D.C., market.

Because IT requires a truly specialization of skills and experience, lenders and servicers should partner with experienced vendors.

Does the constant grind of impressing Wall Street investors hurt the ability of publicly traded companies like Ellie Mae to provide mortgage lenders with the best technology and customer service? According to Mortgage Cadence Chairman and CEO Michael Detwiler, it doesn’t help.

As investors look to capitalize on distressed mortgage portfolio opportunities, loan document questions and the role of MERS continue to arise.

Lenders of all different sizes continue to receive buyback requests from Fannie Mae and Freddie Mac—sometimes on loans that are upwards of five years old.