ARMCO says it has added 15 new enhancements to its ACES Risk Management quality control (QC) and compliance software, including support for the new reporting requirements under the Home Mortgage Disclosure Act (HMDA), taking effect Jan. 1, 2018. Other improvements [Read More]
Each plan aims to address the needs of America’s three most underserved markets: manufactured housing, affordable housing preservation and rural housing.
Assurant Inc., a provider of risk management solutions, recently named Kevin Raney managing director of Assurant Valuations and Mortgage Technology, under the company’s Mortgage Solutions group. Separately, the company recently named Jerry Rowell managing director of Assurant Field Services, also [Read More]
Since 2014, people in the mortgage servicing industry have been trying to forecast whether there will be a surge of defaults on the many home equity lines of credit (HELOCs) that are scheduled to reset over the next year or [Read More]
Mortgage Network reports that it has relocated its West Chester, Pa., branch office to Exton, Pa., in the heart of Chester County, and further that the location will be led by Chris Blanchard, district sales manager. Prior to Mortgage Network, [Read More]
Despite the fact that the average U.S. home price increased during the first quarter, the number of homeowners who were “seriously underwater” on their mortgages jumped, due mainly to the many depressed pockets across the country where home appreciation has [Read More]
The House Financial Services Committee on Thursday passed the Financial CHOICE Act, a sweeping piece of GOP-backed legislation that would, if approved, gut major portions of the Dodd-Frank Act and significantly limit the power of the Consumer Financial Protection Bureau [Read More]
Investors Unite, a coalition of investors in government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac that is pushing for the GSEs to be re-capitalized and re-privatized so that investors can recoup on their losses, recently released a statement in response [Read More]
After increasing 3.2% in March, mortgage credit availability decreased 0.2% in April, falling to a score of 183.0 on the Mortgage Bankers Association’s (MBA) Mortgage Credit Availability Index (MCAI). The March index score was 183.4, and the February score was [Read More]
Barclays PLC will pay more than $15.5 million in remediation, plus a $1 million penalty, to settle allegations brought by the U.S. Securities and Exchange Commission (SEC) that it failed to supervise two traders who charged undisclosed, excessive markups on [Read More]
CoreLogic has introduced a new tool to help lenders and investors evaluate and understand the collateral value of their mortgage portfolios on a periodic basis. The new, self-service, on-demand, fixed-cost solution, dubbed Total Home Value for Portfolio Monitoring, leverages CoreLogic’s [Read More]
Clayton Holdings says it has developed an enhanced internal audit services program designed to help bank and lender clients develop, manage and enhance their internal risks and controls programs, as well as comply with new government-sponsored enterprise (GSE) and Consumer [Read More]
Simplifile, a provider of real estate document collaboration and recording technologies for lenders, settlement agents and counties, reports that it is now electronically recording Land Court documents in the commonwealth of Massachusetts for the first time. In Massachusetts, about 80% [Read More]
In case you haven’t noticed, college tuition costs have skyrocketed in recent years. As a result, an increasing number of homeowners have become saddled with student loan debt. This, in turn, is putting a drag on the housing market. But [Read More]
As part of its ongoing effort to transfer mortgage credit risk away from taxpayers and into the private market, Freddie Mac recently completed its second Seasoned Credit Risk Transfer offering – a rated securitization of approximately $1.12 billion of both [Read More]
Keith A. Noreika will serve as acting comptroller of the currency, filling in for departing Comptroller of the Currency Thomas J. Curry, who will be leaving the position on May 5. “Serving as comptroller of the currency has been the [Read More]
One thing that David Stevens, president and CEO of the Mortgage Bankers Association (MBA), made perfectly clear during his opening remarks on Monday during the MBA’s National Secondary Market Conference and Expo in New York City was that recapitalizing government-sponsored [Read More]
Freddie Mac continues to add new features and capabilities to its Loan Advisor Suite based on feedback from users.
Mortgage application volume fell 0.1% on an adjusted basis during the week ended April 28, as a dip in applications for refinances offset a healthy increase in applications for purchases, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications [Read More]
Is the mortgage interest deduction safe from extinction? Like much in Washington, D.C., one must read between the lines.