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The Federal Housing Finance Agency (FHFA) proposed a rule that would revise the requirements for financial institutions to apply for and retain membership in one of the 12 Federal Home Loan Banks. The proposed rule would revise FHFA’s existing bank membership regulation to ensure that members...Read More
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CoreLogic released its July CoreLogic Home Price Index (HPI) report. Home prices nationwide, including distressed sales, increased 7.4 percent in July 2014 compared to July 2013. This change represents 29 months of consecutive year-over-year increases in home prices nationally. On a month-over-...Read More
The U.S. Department of Housing & Urban Development (HUD), U.S. Department of Veterans Affairs (VA), and U.S. Interagency Council on Homelessness (USICH) released a new national estimate of veteran homelessness in the United States. Data collected during the annual Point-in-Time Count conducted...Read More
Quicken Loans announced a partnership with the Obama Administration to make sure active-duty military members receive the benefits their service entitles them. The company, along with a number of other top mortgage lenders, has agreed to enhance the financial protections that active military...Read More
Consistency is generally a positive development when the overall readings have been positive and this is the case for the August report of the Credit Managers’ Index (CMI) from the National Association of Credit Management, which posted no change from July’s 56.8. This marks five months of readings...Read More
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Question: Upon reviewing and updating our Post-Closing Quality Control Plan, we noticed that it says we must obtain Residential Mortgage Credit Reports (RMCRs) when auditing our files. Is this correct or can we use Tri-Merge Credit Reports? Answer Yes, you may obtain Tri-merge Credit Reports...Read More
In the June 2013 issue of National Mortgage Professional Magazine, I penned an article entitled “FHA Continues to Bail Itself Out on the Shoulders of New Borrowers.” In this piece, I discussed the fact that FHA’s decision at that time to raise mortgage insurance premiums (MIPs) was effectively...Read More
A few columns ago, I discussed how the initial negative reaction to vendor management and independent vetting of title agents was short-sighted. That vetting established a form of new credential that agents could use to set themselves apart from the pack. At that time, I commented about how the...Read More
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“What makes a great leader in the mortgage industry?” This question came up during a dinner I shared recently with one of my industry peers.Read More
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Question: We are a lender that recently received a notice from one of our investors, advising that there is a “new” Homeownership Counseling requirement with respect to applications dated on or after Aug. 1, 2014, related to providing a complete list of HUD-approved housing counseling agencies...Read More
DocMagic, Inc. announced that the firm has partnered again with Mountain America Credit Union to provide a paperless loan closing, this time for a loan insured by the Veteran's Administration. To the company's knowledge, this is one of the first VA loans that have been closed electronically since...Read More
VirPack has announced that American Financial Resources Inc. (AFR) has selected VirPack’s Document Management and Delivery System as its enterprise document management and delivery solution. AFR is a residential mortgage lender assisting families across America with their dreams of...Read More
Inc. Magazine has ranked Accurate Group number 1,428 on its eighth-annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. This is the fourth year that Accurate Group, a nationwide provider of real estate appraisal, title information and compliance services,...Read More
Churchill Mortgage has announced Jay McCarthy as its new chief marketing officer, where he will lead the continued development of its messaging and communication strategies across traditional and emerging digital channels. Churchill is a leader in the mortgage industry providing conventional,...Read More
Veros Real Estate Solutions has been integrated into San Jose, Calif.-based Calyx Software’s Point software. Through the integration, Veros provides immediate access to VeroVALUE and other respected AVMs for Point users, along with formulated AVM cascades that use popular industry AVMs in...Read More
Platinum Data Solutions has enhanced RealView, its flagship appraisal quality technology, with Platinum Comps. This new feature analyzes, scores and ranks up to 100 or more properties comparable to the subject property, and relays its findings in a straightforward, color-coded report.Read More
Mortgage document preparation vendor International Document Services, Inc. (IDS) announced it has launched a comprehensive “Resources” Web site within its flagship doc prep system idsDoc. The main feature of the site is a compliance-centric blog authored by IDS Compliance Officer Jonathan...Read More
Corcoran Consulting and Coaching announced that it has teamed up with Equator. Corcoran Consulting & Coaching will be offering complimentary monthly educational Webinars to Equator’s 481,000 registered agents.Read More

Mortgage News Ticker

Here’s something to ponder ... "Whether the Truth-in-Lending Act (TILA) entitles homeowners to...Read More

Here’s something to ponder ... "Whether the Truth-in-Lending Act (TILA) entitles homeowners to...Read More

The Federal Trade Commission (FTC) has taken action against six mortgage relief operations...Read More

RealtyTrac, an online marketplace for foreclosure properties, today released its U.S....Read More

DocMagic, Inc. announced that the firm has partnered again with Mountain America Credit Union to...

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