The Homeownership Protection Program is funded with money from the national mortgage settlement to help people avoid foreclosure.
Mortgage firms are in fight or flight mode as they plan either to comply to an avalanche of new regs or be acquired by other companies.
The cooperatives made hay on the refinancing boom. Can they repeat that success in a purchase market? They think they can.
Credit unions increased their share of the market to more than 7% last year from less than 3% in 2007.
Some policies only allow a one-year window to challenge claims decisions after an event has occurred.
The intent is to convert brokers into mortgage bankers by offering them warehouse lines so they can fund their own loans.
The Republicans success in filibustering Rep. Mel Watt, D-N.C., could lead to their undoing if the president sacks the current GSE regulator.
It can be confusing when you share an acronym with a well-known agency in the same industry.
Mortgage websites often make one of the same mistakes the disastrous healthcare.gov did. So both mortgage technologists and government officials can share the derisive tag the monkey court for once.
This mortgage-backed securities market has been slow to add issuers and grow, but the number of originators contributing loans to deals is nearing 100.
Tighter underwriting standards, strong farm income and relatively low loan-to-value ratios should provide a cushion if a downturn occurs,
Galante getting closer to re-examining pricing policies but dont expect premium reductions anytime soon.
In case you have not been to a closing lately there are a ridiculous number of documents to be signed.
Sometimes the most innocent comment in a blog ends up turning into a partisan response.
The new originations lenders sell to the secondary market are tougher to come by, and data show minority communities and immigrant communities are underserved. So why arent investors more interested in products like foreign-national loans?
Next year the industry is going to be paying close attention to new rules because of the changing regulatory landscape.
Since the government shutdown might all happen again in a couple of months, we now have a template the mortgage agencies can reuse.
It is becoming more and more common and the fun starts when the financial assistance from parents is attempted to be combined with a traditional mortgage.
A compensation plan with tiered compensation that was designed for a refinance market may not be best for a market where purchase loans are now the norm.
We're hearing that the development of smart process applications may revolutionize the way lenders interact with their customers.