NAHB: Builder Confidence Hits Highest Point Since November 2005
Builder confidence in the market for newly built, single-family homes rose in September to reach the highest point since November 2005, the National Association of  [read more]
Wed, 17 Sep 2014 17:18:59 -0400
FormFree And Ellie Mae Announce Integration
FormFree's AccountChek solution, which allows lenders to verify an applicant's bank records in just minutes, is now integrated with Ellie Mae's Encompass mortgage management system,  [read more]
Wed, 17 Sep 2014 17:18:42 -0400
HUD Launches 'Disaster Resilience' Competition
Communities that have been devastated by a presidentially declared major disaster in the past three years are being invited to compete for $1 billion in  [read more]
Wed, 17 Sep 2014 13:24:13 -0400
Virginia Sues 13 Banks For $1.15B Over Faulty RMBS
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]
Wed, 17 Sep 2014 12:10:55 -0400
MBA: Mortgage Application Volume Rebounded
After diving 7.2% the previous week, due to the Labor Day holiday weekend, mortgage application volume jumped back up 7.9% during the week ending Sept.  [read more]
Wed, 17 Sep 2014 12:07:39 -0400
Faced With Falling Volume, Large Lenders Expect To Ease Credit Standards
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]
Wed, 17 Sep 2014 00:00:00 -0400
Homeownership Solutions Platform Launched By Hope LoanPort, IndiSoft
Hope LoanPort (HLP), a 501c3 technology nonprofit that helps families reach and sustain their goal of homeownership, is launching a new Web-based technology platform that  [read more]
Wed, 17 Sep 2014 00:00:00 -0400
Federal Reserve To Continue Tapering At Current Pace
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]
Wed, 17 Sep 2014 00:00:00 -0400
FTC Fines Lead Gen Company For Claiming Mortgage Refinancing Is 'Free'
The Federal Trade Commission (FTC) has brought enforcement action against a Colorado-based lead generation company that claimed in advertisements that consumers could refinance their mortgages  [read more]
Tue, 16 Sep 2014 16:11:00 -0400
ARMCO Introduces Mortgage QC Benchmarking Solution
ARMCO has introduced a new business intelligence tool that will, for the first time, allow mortgage professionals to benchmark quality control (QC) results against industry  [read more]
Tue, 16 Sep 2014 16:06:15 -0400
FNC: Home Prices Rose 0.6% In July, But More Markets Saw Declines
Home prices continued to inch up in July, rising 0.6% compared to June, and were 7.4% higher compared to July 2013, according to FNC's Residential  [read more]
Tue, 16 Sep 2014 14:28:31 -0400
HUD Takes Action Against Lender For Alleged Discrimination
The U.S. Department of Housing and Urban Development (HUD) has taken enforcement action against U.S. Bank National Association, U.S. Bank subsidiary Red Sky Risk Services  [read more]
Tue, 16 Sep 2014 00:00:00 -0400
Survey Reveals Consumer Misconceptions About Mortgages
The reason that more people aren't applying for mortgages is simply because they're afraid of being declined, a recent survey by Wells Fargo suggests. According  [read more]
Tue, 16 Sep 2014 00:00:00 -0400
MBA Wants More Time To Study FHFA's Proposal On FHLB Membership Rules
The Mortgage Bankers Association (MBA) has asked the Federal Housing Finance Agency (FHFA) to extend the comment period for a controversial proposal that aims to  [read more]
Tue, 16 Sep 2014 00:00:00 -0400
Freddie Mac: Great Year So Far For Apartment Construction
Construction of apartment buildings in September hit the highest monthly pace since the beginning of 2006, while construction of single-family homes and condominiums remained basically  [read more]
Tue, 16 Sep 2014 00:00:00 -0400