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MGIC is next insurer tapping capital markets for reinsurance
News 2 hours ago
MGIC is next insurer tapping capital markets for reinsurance

Mortgage Guaranty Insurance Corp. joins a growing list of private mortgage insurers tapping the capital markets for reinsurance. The company’s...

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ReverseVision, Stratmor to measure consumer satisfaction with HECMs
News 3 hours ago
ReverseVision, Stratmor to measure consumer satisfaction with HECMs

ReverseVision and Stratmor Group are building a benchmark for Home Equity Conversion Mortgages that could help determine how well these Federal...

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Favorable mortgage loan loss trends again drives MGIC's earnings
News 5 hours ago
Favorable mortgage loan loss trends again drives MGIC's earnings

MGIC Investment Corp.'s quarterly earnings were again driven by better-than-expected loss development, and those favorable results should be seen...

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Fintech innovation is becoming a must-have for mortgage lenders
News 1 day ago
Fintech innovation is becoming a must-have for mortgage lenders

Innovation, disruption, change — these words are not generally associated with the mortgage industry. But in a digital age where consumers'...

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Nomura agrees to pay $480M over crisis-era securities
News 1 day ago
Nomura agrees to pay $480M over crisis-era securities

Nomura Holding America Inc. and affiliates agreed to pay a $480 million penalty to resolve U. S. claims that the bank misled investors in marketing...

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Millennials drive mortgage origination rises in 2020 and beyond: MBA
News 1 day ago
Millennials drive mortgage origination rises in 2020 and beyond: MBA

While mortgage volume is expected to shrink next year, it should increase during the following two years and beyond as millennials start buying...

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First American taps e-closings for more efficient mortgage process
News 1 day ago
First American taps e-closings for more efficient mortgage process

First American Mortgage Solutions is stepping up its digital mortgage game by offering electronic closing capabilities. The company will integrate...

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Former exec from HUD's Ginnie Mae program joins Ainsworth Advisors
News 2 days ago
Former exec from HUD's Ginnie Mae program joins Ainsworth Advisors

Ex-Ginnie Mae President Joseph Murin is among several industry veterans joining Ainsworth Advisors, a consultancy run by former mortgage banker...

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Downsizing leads to increase in critical mortgage defects: ARMCO
News 2 days ago
Downsizing leads to increase in critical mortgage defects: ARMCO

Industry downsizing resulted in an increase in critical defects found in closed mortgages as loan packaging errors continued to rise during the...

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Wells Fargo prepares to launch e-note program
News 2 days ago
Wells Fargo prepares to launch e-note program

Wells Fargo Home Lending is tapping eOriginal to launch an electronic note program, marking a step forward for the mortgage industry's push toward...

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PennyMac reinsuring more of its own Fannie Mae mortgages
News 2 days ago
PennyMac reinsuring more of its own Fannie Mae mortgages

PennyMac Mortgage Investment Trust is entering into an unusual transaction that provides Fannie Mae with mortgage reinsurance — but only on loans...

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8 things to look for at #MBAAnnual18
News 5 days ago
8 things to look for at #MBAAnnual18

8 things to look for at #MBAAnnual18 Bank mortgage results lag last year's despite late-season home buying CFPB’s Mulvaney unmoved by external...

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More homes for sale have price reductions, but the cuts aren't much
News 5 days ago
More homes for sale have price reductions, but the cuts aren't much

The share of homes for sale listed with a price cut hit its highest level since 2014, but the reductions themselves are shrinking, according to...

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Americans would rather renovate than save for a down payment: Zillow
News 5 days ago
Americans would rather renovate than save for a down payment: Zillow

The vast majority of Americans, especially those that could be downsizing into a smaller property, would rather renovate their current home than...

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Without more intervention, the affordable housing crisis will escalate
News 5 days ago
Without more intervention, the affordable housing crisis will escalate

Will today's baby boomers be able to afford their existing lifestyle after retirement? Unfortunately, for many the answer is no. And what impact...

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Bank mortgage results lag last year's despite late-season home buying
News 5 days ago
Bank mortgage results lag last year's despite late-season home buying

Mortgage-related earnings at Wells Fargo, JPMorgan Chase, Citigroup, First Republic Bank and PNC Financial Services Group were down from a year ago...

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Pretium Partners buys mortgage servicer founded by Lewis Ranieri
News 5 days ago
Pretium Partners buys mortgage servicer founded by Lewis Ranieri

Pretium Partners is buying Selene Finance, a residential mortgage servicer, from funds managed by Oaktree Capital Management and Ranieri Partners....

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Philadelphia land prices plummet, as housing market weakens
News 6 days ago
Philadelphia land prices plummet, as housing market weakens

Prices paid for vacant land in Philadelphia have plummeted to their lowest levels in three years after peaking in 2017, an indication that the city...

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Average mortgage rates jump to highest level in over seven years
News 6 days ago
Average mortgage rates jump to highest level in over seven years

Mortgage rates, after a brief respite last week, rose to their highest level in over seven years, according to Freddie Mac. Average Rates 4.90% 4...

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Foreclosure risk is now propelled by natural disasters: Attom
News 6 days ago
Foreclosure risk is now propelled by natural disasters: Attom

Natural disasters are now the leading driver of lenders' foreclosure risk, with last year's hurricanes causing a rise in third-quarter filings in...

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Loan applications for new homes rise despite higher mortgage rates
News 6 days ago
Loan applications for new homes rise despite higher mortgage rates

Mortgage borrowers buying new homes generated more loan applications this September than they did a year ago, even though interest rates are higher...

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News 6 days ago
Wells Fargo plays it safe with 1st post-crisis RMBS

Wells Fargo’s first private-label mortgage securitization since the financial crisis doesn’t break any new ground – and that’s probably the point....

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Former SoFi CEO's startup unveils digital home equity loans
News 1 week ago
Former SoFi CEO's startup unveils digital home equity loans

Figure Technologies — a startup whose calling card had been its high-profile co-founder, former SoFI chief Mike Cagney — now has its first product:...

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Price index swaps reduce risk of low down payment mortgages: Exec
News 1 week ago
Price index swaps reduce risk of low down payment mortgages: Exec

Home price index swaps, treated as a second lien on a property, will be used to reduce the default risk associated with low down payment mortgages,...

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Lenders fear worst from rent control measure on California ballot
News 1 week ago
Lenders fear worst from rent control measure on California ballot

WASHINGTON — Mortgage lenders are anxiously following a ballot initiative fight over rent control in California that they say could be detrimental...

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Mortgage application activity declines as interest rates top 5%
News 1 week ago
Mortgage application activity declines as interest rates top 5%

Mortgage applications fell last week as rates for the 30-year fixed conforming loan topped 5% for the first time since 2011, the Mortgage Bankers...

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News 1 week ago
Oahu median home price hits record high

Oahu's housing market hit another record in September with the median price of single-family homes climbing to $812,500. That's a 6.9% spike from...

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Mortgage defaults should fall further on lower unemployment rate
News 1 week ago
Mortgage defaults should fall further on lower unemployment rate

The mortgage delinquency rate fell to a 12-year low, with declines expected to continue as the unemployment rate stays down, according to CoreLogic...

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Nationstar Mortgage's new owner completes reverse stock split
News 1 week ago
Nationstar Mortgage's new owner completes reverse stock split

Washington Mutual successor WMIH Corp. has completed its pending 1-for-12 reverse stock split and its common shares will soon begin trading under...

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People on the move: Oct. 12
News 1 week ago
People on the move: Oct. 12

The Compliance Group has named Jeffrey Flory as senior vice president of sales. He most recently served as senior vice president of risk and...

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