Content Category: Required Reading
Virginia Sues 13 Banks For $1.15B Over Faulty RMBS
on Wednesday September 17 2014 by MortgageOrb.com print the content item
New methods for tying losses on pension plans to defaults on poorly underwritten residential mortgage-backed securities (RMBS) have paved the way for Virginia and other [read more]
Faced With Falling Volume, Large Lenders Expect To Ease Credit Standards
on Wednesday September 17 2014 by MortgageOrb.com print the content item
Large lenders are likely to ease their underwriting standards over the next three months, particularly for non-GSE-eligible and government loans, while smaller lenders will be [read more]
Federal Reserve To Continue Tapering At Current Pace
on Wednesday September 17 2014 by MortgageOrb.com print the content item
Citing the fact that the labor market continues to be weak and too many Americans remain unemployed, the Federal Reserve announced on Wednesday that it [read more]
HSBC Holdings Settles With FHFA For $550 Million
on Monday September 15 2014 by MortgageOrb.com print the content item
HSBC Holdings PLC is the latest bank to settle with the Federal Housing Finance Agency (FHFA) over poorly underwritten mortgages sold to government-sponsored enterprises (GSEs) [read more]
MBA: Mortgage Application Volume Fell A Dramatic 7.2%
on Wednesday September 10 2014 by MortgageOrb.com print the content item
Mortgage application volume took a steep dive during the week ending Sept. 5, mainly due to the Labor Day weekend. Overall, application volume fell 7.2%, [read more]
The Importance Of Mortgage Accounting Basics
on Wednesday September 10 2014 by Matt Kiker print the content item
BLOG VIEW: As most mortgage professionals already know, running a successful mortgage company requires proficiency in accounting. The books and records created at your company [read more]
Fannie Mae: Housing Recovery Is Decelerating
on Monday September 08 2014 by MortgageOrb.com print the content item
Six years into the so-called "housing recovery," consumer sentiment toward homeownership has never been worse. According to Fannie Mae's National Housing Survey, the number of [read more]
FHFA Unveils Proposed Housing Goals For Fannie, Freddie
on Wednesday September 03 2014 by MortgageOrb.com print the content item
As required by the Housing and Economic Recovery Act of 2008, the Federal Housing Finance Agency (FHFA) has embarked its annual task of developing a [read more]
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]
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