Mortgages

Two professionals who advise servicers on compliance name their key areas of concern.

The company is launching a training course to certify its loan officers on HECM loans.

The new regulations take effect in July and come after the agency issued new equitable housing goals days earlier.

Just under half of respondents in a recent mortgage study said cost of living increases have impacted their ability to make a home loan payment in the past six months.

Average purchase-loan amounts on new applications also increased after a recent pullback, as limited inventory provided little price relief.

The American Bankers Association's latest Credit Conditions Index points to a drop in lending and a rise in loan delinquencies through the second and third quarters.

But overall availability still remained near a 10-year low in March, with government-backed products falling for the third time in four months, the Mortgage Bankers Association found.

Two housing-policy experts whose previous recommendations have been closely followed by the Biden administration are defending the Federal Home Loan Banks, raising the stakes in a debate over whether a major overhaul is needed.

But the deal propels the four-year old buyer of its wholesale origination operation, The Loan Store, into the national spotlight.

Last month saw purchase rate locks increase by 44%, jumping past the 30% average in February, according to Black Knight's report.

But profits more than doubled on the servicing side, according to the Mortgage Bankers Association.

This congressionally mandated mission plays a critical role in funding important projects in communities across the country.

The president of originations at the public company, Phil Shoemaker, will take over as CEO of the acquiring firm.

Affordability constraints have made borrowers who bought properties within the last 12 months increasingly vulnerable to price declines.

The change may decrease the amount of time that a servicer is required to hold a loan on their balance sheet.

A Connecticut Superior Court Judge has reviewed a long-running legal dispute that could define the role loan officers in direct mortgage operations play in originations.

The agency said it will include home valuation practices in its fair lending review. It's the latest effort by a Washington regulator to root out discriminatory practices in the profession.

With few clues coming from Federal Reserve officials about their next moves, the 30-year average dropped for a fourth straight week, according to Freddie Mac's latest survey.

Homebuyers in Colorado, Florida and Texas can apply for a minimum $1 million loan with the company.

The agency added increased emphasis on loss mitigation and special purpose credit programs following heightened calls for more participation in the latter from a minority trade group.