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Tearing up CFPB’s mortgage underwriting rule is the easy part
News 3 weeks ago
Tearing up CFPB’s mortgage underwriting rule is the easy part

Now that the Consumer Financial Protection Bureau has vowed to remove an unpopular measure of loan affordability in its mortgage underwriting rule,...

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Looser underwriting will lead to higher prime jumbo defaults: Moody's
News 3 weeks ago
Looser underwriting will lead to higher prime jumbo defaults: Moody's

Default rates for prime jumbo mortgages will increase, but a strong economy and rising home prices will bail most borrowers and lenders out, Moody...

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Florida mall owners avoid foreclosure, get time to redevelop property
News 3 weeks ago
Florida mall owners avoid foreclosure, get time to redevelop property

Negotiations went to the brink of a foreclosure trial for a Bradenton, Fla., mall, before a settlement was reached between the owners and the...

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Mortgage Bankers Association backs credit union appraisal plan
News 3 weeks ago
Mortgage Bankers Association backs credit union appraisal plan

The Mortgage Bankers Association is backing the National Credit Union Administration's proposal to raise the threshold for appraisals on...

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California housing crisis bill fails, but it still has a slim chance
News 3 weeks ago
California housing crisis bill fails, but it still has a slim chance

A high-profile proposal to address California's housing crisis by compelling cities to build more homes failed to pass the Senate on Wednesday, but...

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Mortgage rates dip, leading to higher refinancing activity
News 3 weeks ago
Mortgage rates dip, leading to higher refinancing activity

Mortgage rates continued sliding this week as investors put money into safer assets like bonds, contributing to the 30-year fixed-rate mortgage...

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Mortgage rate movements bring refinancing back to a tipping point
News 4 weeks ago
Mortgage rate movements bring refinancing back to a tipping point

Rates are starting to move in wider bands and make more of a difference when it comes to the number of qualified borrowers with incentive to...

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Mortgage applications jump after rates drop on coronavirus news
News 4 weeks ago
Mortgage applications jump after rates drop on coronavirus news

Mortgage applications increased 7.2% from one week earlier as consumers reacted to falling interest rates related to news regarding the coronavirus...

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2020 Best Mortgage Companies to Work For
News 4 weeks ago
2020 Best Mortgage Companies to Work For

National Mortgage News presents the second annual Best Mortgage Companies to Work For - a survey and awards program dedicated to identifying and...

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Lower volatility from mortgages supports Flagstar's 4Q results
News 4 weeks ago
Lower volatility from mortgages supports Flagstar's 4Q results

Flagstar Bancorp reported slightly lower consecutive-quarter net income in its most recent earnings report, but that was a sign its decisions to...

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S.F. multifamily development leads $904M Barclays CMBS deal
News 4 weeks ago
S.F. multifamily development leads $904M Barclays CMBS deal

Barclays' next commercial mortgage-backed securitization includes a loan that sets the table for expanding one of the West Coast's largest single...

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End of the mortgage refi boom could spell trouble for credit unions
News 1 month ago
End of the mortgage refi boom could spell trouble for credit unions

Credit unions could see their bottom lines start to take a hit as last year's refi boom begins to simmer down. Mortgage refinancing activity went...

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New York faces more empty storefronts as bank branches shrink
News 1 month ago
New York faces more empty storefronts as bank branches shrink

A bank, a drug store, another bank: Odds are, a stroll down a random Manhattan avenue devolves quickly into a retail snoozefest. New Yorkers have...

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Manhattan's luxury housing slowdown has hit co-ops the hardest
News 1 month ago
Manhattan's luxury housing slowdown has hit co-ops the hardest

It's been a rough decade for luxury Manhattan co-ops, and the future doesn't look so rosy either. A condo construction boom has created a surplus...

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San Francisco's new housing fix could push more companies out
News 1 month ago
San Francisco's new housing fix could push more companies out

Companies are already having a tough time finding enough office space in San Francisco and are decamping for lower-cost locations. A ballot measure...

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Howard Bancorp in Md. to exit mortgage lending
News 1 month ago
Howard Bancorp in Md. to exit mortgage lending

Howard Bancorp in Baltimore is getting out of the mortgage business. The $2.4 billion-asset company said in a press release Tuesday that it will...

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Mortgage rates fall on concerns over virus outbreak
News 1 month ago
Mortgage rates fall on concerns over virus outbreak

Mortgage rates fell to their lowest level in three months, possibly because investors became nervous following the spread of a coronavirus in China...

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Mortgage, securities groups seek alternatives to UMBS pooling change
News 1 month ago
Mortgage, securities groups seek alternatives to UMBS pooling change

Trade associations representing mortgage lenders and securities market participants are asking the Federal Housing Finance Agency to rethink a plan...

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Radian sells Clayton's due diligence unit to Covius
News 1 month ago
Radian sells Clayton's due diligence unit to Covius

Radian Group sold Clayton Services, a due diligence company it acquired in the 2014 purchase of Clayton Holdings, to Covius Holdings. Terms of the...

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Mortgage applications decrease after strong start for new year
News 1 month ago
Mortgage applications decrease after strong start for new year

Mortgage application activity slowed down this past week from its fast start to 2020, with a decrease of 1.2% from one week earlier, according to...

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4 questions as CFPB closes in on revamp of key mortgage rule
News 1 month ago
4 questions as CFPB closes in on revamp of key mortgage rule

WASHINGTON - The Consumer Financial Protection Bureau's willingness to extend a special regulatory exemption for Fannie Mae and Freddie Mac is...

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FHFA revives the idea of tighter underwriting to address PACE risks
News 1 month ago
FHFA revives the idea of tighter underwriting to address PACE risks

The Federal Housing Finance Agency is considering bringing back the idea of imposing stricter criteria on loan purchases in areas where residential...

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Why this regional bank is dumping N.Y. multifamily loans
News 1 month ago
Why this regional bank is dumping N.Y. multifamily loans

People's United Financial in Bridgeport, Conn., has made progress repositioning its loan portfolio. The $51 billion-asset company has spent recent...

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Booming Southern Maine real estate market challenges homebuyers
News 1 month ago
Booming Southern Maine real estate market challenges homebuyers

Southern Maine's superheated real estate market is presenting challenges to first-time homebuyers and expanding businesses, but shows no signs of...

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Housing starts surged last month to highest in 13 years
News 1 month ago
Housing starts surged last month to highest in 13 years

Groundbreakings on new homes surged in December to a 13-year high, giving the housing market momentum heading into the new year amid low mortgage...

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Why mortgage lenders should start looking harder at AI, big data
News 1 month ago
Why mortgage lenders should start looking harder at AI, big data

Mortgage companies have been slow to adapt as secondary-market buyers, vendors and other types of lenders embrace advances in artificial...

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Application activity gains with purchases at a 10-year high
News 1 month ago
Application activity gains with purchases at a 10-year high

Mortgage application activity increased 30.2% from one week earlier as purchases were at their highest level in over a decade along with...

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$1 condos for sale in Palm Beach County? It's true and here's why
News 1 month ago
$1 condos for sale in Palm Beach County? It's true and here's why

Jon Leiberman rarely plays the lottery but he felt like he won it this past June. That's when he became aware of $1 condos for sale at Hunters Run...

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A fast 2020 start for RMBS: four deals totaling $2B
News 1 month ago
A fast 2020 start for RMBS: four deals totaling $2B

Residential mortgage-backed securitizations are off to a brisk 2020 start - in both agency and non-agency deals. According to presale reports,...

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Mortgage origination income goes in opposite direction at Chase, Wells
News 1 month ago
Mortgage origination income goes in opposite direction at Chase, Wells

Fourth quarter gain on sale margin moved in opposite directions at two of the nation's largest banks, falling 9% quarter-over-quarter at JPMorgan...

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