Penalties Galore In 'Mortgage Market Football'

'Tis the football season, so relating our mortgage industry makeover attempts (or the lack thereof) to our favorite pastime's rules is timely.

S&P/Case-Shiller: Home Price Appreciation Losing Steam

Nationally, home prices increased 0.2% in August, compared to July; however, most markets are now seeing their annual gains decelerate, due in part to decreased investor activity.

CFPB Flexes Its Regulatory Muscles

The bureau reports that during some recent reviews, auditors found that some mortgage servicers weren't properly overseeing the activities of their third-party vendors, while others had "unfairly delayed permanent loan modifications."

Regulators Approve Final QRM Rule

Final rule eliminates requirement that borrowers must put down 20%.

FHFA Clarifies Rep And Warranty Framework

"We know that the [existing] Representation and Warranty Framework did not provide enough clarity to enable lenders to understand when Fannie Mae or Freddie Mac would exercise their remedy to require repurchase of a loan," said Mel Watt, director of the FHFA.

Mortgage rates crept back up, but some rates remained below 4.0% during the week ending Oct. 30, according to Freddie Mac's Primary Mortgage Market Survey. The average rate for [Read More]

Saying that labor market conditions have improved, unemployment is down, household spending is up and that inflation has held below 2%, the Federal Reserve has decided to complete the [Read More]

From The Orb

Four out of five mortgage lenders are "very concerned" about loan quality, a survey conducted by document management solutions provider Capsilon reveals. The survey, which was conducted during the [Read More]

BLOG VIEW: News of security breaches, hacker attacks, and identity and data thefts has grown at an alarming rate across all industries: financial, healthcare and insurance to name a [Read More]

PERSON OF THE WEEK: Brian Lynch is founder and president of Advantage Systems, a provider of accounting software to the mortgage banking industry. MortgageOrb recently interviewed Lynch to learn [Read More]

Mortgage application volume increased 11.6% during the week ended Oct. 17, with most of that growth coming from a sharp rise in applications for refinances, according to the Mortgage [Read More]

In his third major speech since becoming secretary of the U.S. Department of Housing and Urban Development (HUD) in July, Julian Castro told attendees of the Mortgage Bankers Association's [Read More]

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