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.

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.

Mounting Indicators Prove Housing 'Recovery' Illusory

While there are some signs that things are improving, in reality there are mounting indicators that another housing downturn is near.

Wingspan Lays Off Employees At Two Call Centers

"It is in the nature of our work with large financial institutions to wrap up specific contracts for services and to have brief periods of time before new contracts begin," Wingspan officials said in a statement.

Following the previous week's whopping 23% increase that was driven by historically low interest rates, applications for refinances fell 7% during the week ending Oct. 24, as rates began [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]

In a report that is essentially a review of recent enforcement actions, the Consumer Financial Protection Bureau (CFPB) says it recently uncovered some violations of its mortgage servicing rules [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]

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