Speaking of millennials, working with this generation is going to become more important for all of us as they become, over the next few years, the largest part of our workforce.
Thirteen years after the Sept. 11 attacks, the new One World Trade Center is poised to open soon, bringing back memories of a horrific day and hope for a future in which things carry on.
Common sense underwriting, a regulatory system that abides by contract law, and borrowers who consider homeownership a privilege, not an entitlement, make Canada perfect for private -label residential mortgage-backed securities.
Allegations lenders failed to lend in certain geographic areas that are racially or ethnically diverse are mounting.
Not every distressed borrower can, will or should get a modification. But in cases where they make sense, mod decisions should be swift and significant.
Most mortgage industry managers probably feel that the way they manage their businesses is pretty straight forward.
In less than one year, the new RESPA/TILA integrated disclosure final rule will take effect, impacting all aspects of lenders' origination processes and technology.
The time has come for residential private-label mortgage-backed securities in Canada, but the market will look nothing like the United States'.
Foreign-born nationals with U.S. citizenship have a lot of positive attributes that make them attractive mortgage applicants. What's even better is that millions are still renters.
For the average consumer, bundling purchases is a proven approach to improving value while reducing cost.
Such a system will not erase past violations, but it can help convince a regulator that a lender is invested in doing business the "right way."
Bank of America has taken a significant reputational hit as a result of its 2008 acquisition of Countrywide Financial. Could it have mitigated some of the damage with a different branding strategy?
An examination of the details in the B of A settlement shows many examples of risky behavior, including mortgage applications that were underwritten with "shadow" guidelines that allowed exceptions to approve almost any loan.
It would be a lot easier if we could just order mortgages on Amazon, where perhaps prime borrowers who are also prime members could get a prime mortgage with free shipping.
Many active-duty service members are unaware that they are eligible to postpone mortgage payments under the Servicemembers Civil Relief Act. A group of major financial services companies have pledged to improve communication about this option, according to the Financial Services Roundtable's Tim Pawlenty and John Dalton.
It is clear that the Consumer Finance Protection Bureau has made the mortgage industry a top priority and its supervised entities have had to fall in line with its expansive rules and regulations quickly.
The latest action against an auto lender underscores the CFPB's expectation that lenders will affirmatively act to protect customers throughout and after the consumption of the transaction.
A mortgage industry laden with government enticements has no choice but to honor a duty to serve its benefactor's affordable housing goals, claim the authors of a new book.
Millennials may be the first group of homebuyer-aged Americans that don't buy into the American dream -- at least not the homeownership part of it.
The mortgage interest tax deduction is supposed to encourage homeownership among low- and middle-income Americans. But it primarily benefits higher-income taxpayers, according to a new study from the Mercatus Center at George Mason University.