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Content Category: Required Reading
NAR: Pending Homes Sales Up 3.3% In July
on Thursday August 28 2014 by MortgageOrb.com print the content item
Pending home sales increased 3.3% in July compared to June, but were still 2.1% below July 2013, the National Association of Realtors (NAR) reports. Pending [read more]
OIG Report Says TBW Fraud Scheme Could Have Been Avoided
on Wednesday August 27 2014 by MortgageOrb.com print the content item
The elaborate mortgage fraud scheme perpetrated by lender Taylor, Bean and Whitaker (TBW) and its warehouse lender, Colonial Bank, which resulted in billions of dollars [read more]
Back In Black: Average Profit Per Loan Jumped To $954 In Q2
on Wednesday August 27 2014 by MortgageOrb.com print the content item
An increase in mortgage originations that made many lenders more operationally efficient helped boost the average net profit made on each loan closed in the [read more]
Goldman Sachs Settles With FHFA For $3.15 Billion
on Monday August 25 2014 by MortgageOrb.com print the content item
Goldman Sachs will pay $3.15 billion to repurchase poorly underwritten mortgage-backed securities that it sold to Fannie Mae and Freddie Mac in the run-up to [read more]
CFPB Selects Vendors And Lenders For Its Mortgage E-Closing Pilot
on Friday August 22 2014 by MortgageOrb.com print the content item
The Consumer Financial Protection Bureau (CFPB) has revealed the vendors and lenders that will be participating in its mortgage e-closing pilot program, which will explore [read more]
CFPB Reminds Servicers To Follow The Rules When Transferring MSRs
on Wednesday August 20 2014 by MortgageOrb.com print the content item
Due to its "concern" over the "continuing high volume of servicing transfers," the Consumer Financial Protection Bureau (CFPB) is reminding mortgage servicers that it is [read more]
BofA To Pay Nearly $17 Billion To Resolve Mortgage Bond Probe
on Wednesday August 20 2014 by MortgageOrb.com print the content item
[UPDATE: Bank of America announced on Thursday that it has agreed to a $16.65 billion settlement with the federal government to resolve allegations that it [read more]
Census Bureau: Housing Starts Jumped 15.7% In July
on Tuesday August 19 2014 by MortgageOrb.com print the content item
Housing starts jumped in July compared to June to reach the highest level in eight months, as home builder confidence improved, the U.S. Census Bureau [read more]
Top FHA Official Transitioning To The CFPB: Report
on Monday August 18 2014 by MortgageOrb.com print the content item
Patricia McClung is reportedly leaving her post as single-family housing policy advisor at the U.S. Department of Housing and Urban Development (HUD) to become assistant [read more]
FHFA Seeks Feedback On Proposed Single Security For GSEs
on Wednesday August 13 2014 by MortgageOrb.com print the content item
The Federal Housing Finance Agency (FHFA) has unveiled its proposal to create a single, common security that would be issued and guaranteed by government-sponsored enterprises [read more]
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