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MBA helps fund remote notary standards for digital mortgage lenders
News 2 months ago
MBA helps fund remote notary standards for digital mortgage lenders

The Mortgage Bankers Association is investing $2 million to support the creation of online notary standards and several other initiatives. The...

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Goldman joins ranks of lenders securitizing conforming mortgages
News 2 months ago
Goldman joins ranks of lenders securitizing conforming mortgages

Goldman Sachs is issuing its first offering of mortgage bonds backed by a mix of prime jumbo loans and loans that are eligible to be sold to Fannie...

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Luxury Detroit condo project fails, instead becoming a hotel
News 2 months ago
Luxury Detroit condo project fails, instead becoming a hotel

A $54-million project to build upscale condominiums at the edge of downtown Detroit has been canceled, unable to get financing, and the Plan B is...

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TD Bank prescribes mortgages to debt-burdened medical students
News 2 months ago
TD Bank prescribes mortgages to debt-burdened medical students

With the launch of its Medical Professional Mortgage Product, TD Bank is leveraging an opportunity to attract new customers and to address what it...

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Developer waiting for funds to revitalize foreclosed Catskills hotel
News 2 months ago
Developer waiting for funds to revitalize foreclosed Catskills hotel

The money for a proposed $300 million sports complex at a foreclosed famed New York Catskills Mountain hotel was not produced by a March 22...

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Housing advocates surprisingly upbeat on FHFA nominee
News 3 months ago
Housing advocates surprisingly upbeat on FHFA nominee

WASHINGTON - Senate Democrats have given a thumbs down to the Trump administration's nominee to run the Federal Housing Finance Agency, citing...

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Mortgage application increase led by higher refinance volume
News 3 months ago
Mortgage application increase led by higher refinance volume

Mortgage applications increased last week but unlike the prior period, it was driven by refinance volume as interest rates fell to a one-year low,...

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Mortgage lenders must offer digital servicing to remain competitive
News 3 months ago
Mortgage lenders must offer digital servicing to remain competitive

A recent Aite Group survey - A Blueprint for Creating Positive Behaviors - revealed 36% of Americans pay their mortgage late at least once a year....

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Are regulators close to consensus on CRA reform?
News 3 months ago
Are regulators close to consensus on CRA reform?

WASHINGTON - Regulatory efforts to revamp the 40-year-old Community Reinvestment Act have picked up steam, with two more bank regulators floating...

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Lower FICOs, higher DTIs prompt a change in FHA loan underwriting
News 3 months ago
Lower FICOs, higher DTIs prompt a change in FHA loan underwriting

The Federal Housing Administration is returning to manual reviews of higher-risk loans it insures because it's finding that a growing share have...

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CoreLogic launches intelligent multisource property data aggregator
News 3 months ago
CoreLogic launches intelligent multisource property data aggregator

The pursuit of time savings is the goal for all mortgage companies and borrowers alike. Eliminating any potential surprises with a house is one way...

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Don’t leave community lenders behind on GSE reform
News 3 months ago
Don’t leave community lenders behind on GSE reform

Once again, housing finance reform appears to be on Washington's radar. With comments by Treasury Secretary Steven Mnuchin, the release of a...

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Mortgage brokers should grow their businesses into new markets
News 3 months ago
Mortgage brokers should grow their businesses into new markets

Over the last several years, the mortgage business has rebounded impressively in terms of the number of people purchasing or refinancing a home....

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Multifamily and CRE loan debt sees largest rise since housing bubble
News 3 months ago
Multifamily and CRE loan debt sees largest rise since housing bubble

Commercial and multifamily mortgage debt outstanding grew 6.8% in 2018, benefiting from strong employment numbers and strained inventory, according...

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Fintech firms partner to do more for the mortgage broker channel
News 3 months ago
Fintech firms partner to do more for the mortgage broker channel

A subsidiary of digital-media company Beta Music Group is linking its origination support technology with Arive's online platform, which connects...

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Mortgage applications up as high- and low-end buyers enter the market
News 3 months ago
Mortgage applications up as high- and low-end buyers enter the market

Purchase application volume increased, both week-to-week and year-over-year, as high-end buyers as well as those that need government loans entered...

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Stricter homebuilding may fight natural disasters, but at a price
News 3 months ago
Stricter homebuilding may fight natural disasters, but at a price

After a year rife with natural disasters, housing experts are calling on homebuilders to enforce stricter principles to prevent damages and avoid...

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Fed’s Brainard offers glimpse of what revamped CRA could look like
News 3 months ago
Fed’s Brainard offers glimpse of what revamped CRA could look like

WASHINGTON - A Federal Reserve Board governor detailed possible steps forward on reforming the Community Reinvestment Act, including an updated...

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City report forecasts end of Oahu housing shortage
News 3 months ago
City report forecasts end of Oahu housing shortage

City planners project that an existing housing shortage on Oahu could disappear in five years based on current and anticipated residential...

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Mortgage lenders must embrace e-notarization to make digital loans
News 3 months ago
Mortgage lenders must embrace e-notarization to make digital loans

Across the country, states continue to grapple with whether - and how - to allow e-notarizations, a critical step in achieving the goal of...

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Nonbank mortgage employment sinks to an August 2016 low
News 3 months ago
Nonbank mortgage employment sinks to an August 2016 low

As 2019 got underway, weakness in the housing market drove the number of workers employed by nondepository mortgage companies down by 4,900 to a...

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News 3 months ago
Owners of San Francisco office tower tap CMBS for cashout refi

The owners of a 48-story office building in San Francisco are tapping the commercial mortgage bond market for a cash out refinancing. The $755...

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Millennials use January's low mortgage rates to refinance: Ellie Mae
News 3 months ago
Millennials use January's low mortgage rates to refinance: Ellie Mae

Millennial homebuyers took advantage of a winter lull in interest rates, using the opportunity to refinance their loans, according to Ellie Mae's...

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Conventional mortgage applications rise, driven by move-up buyers
News 3 months ago
Conventional mortgage applications rise, driven by move-up buyers

Mortgage applications decreased 2.5% from one week earlier, although conventional purchase loan volume and amount is on the rise, according to the...

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Metro Denver home prices drop in February for first time in 7 years
News 3 months ago
Metro Denver home prices drop in February for first time in 7 years

For the first time in seven years, median home prices in metro Denver declined year-over-year, according to a monthly update from the Denver Metro...

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CFPB moves one step closer to regulating clean energy loans
News 3 months ago
CFPB moves one step closer to regulating clean energy loans

The Consumer Financial Protection Bureau plans to issue a proposal on green energy loans that finance home upgrades such as solar panels or cooling...

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American Mortgage Consultants buys third party title search firm
News 3 months ago
American Mortgage Consultants buys third party title search firm

American Mortgage Consultants has acquired title search outsourcer String Real Estate Information Services as part of ongoing efforts to support...

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Arch, Essent go head-to-head with credit risk transfer deals
News 3 months ago
Arch, Essent go head-to-head with credit risk transfer deals

Arch Capital's next offering of credit risk transfer notes features heavy exposure to residential mortgages that have been modified by Fannie Mae...

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People on the move: March 1
News 3 months ago
People on the move: March 1

Pircher, Nichols & Meeks LLP, a national real estate law firm, has promoted Jennifer White to partner of the firm. White joined Pircher, Nichols &...

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GSE reform proposals have small lenders on edge
News 3 months ago
GSE reform proposals have small lenders on edge

WASHINGTON - As lawmakers shop plans to overhaul the housing finance system, small lenders are still skeptical that any of the various legislative...

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