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Mortgage Marketing Compliance: Are You Exposed?


Modern compliance regulations have changed the complexion of the mortgage industry in its entirety. From the ways in which we can lend to the ways in which we can market, government oversight has added a uniquely challenging component to how we conduct every aspect of the business.Click to continue

RBS Sought to Remove Mortgage of Bank Critic


One of Great Britain’s largest banks sought to jettison the mortgage it held with the author of a report that criticized the bank’s business practices.Click to continue

FHFA Announces 2015 Conforming Loan Limits


The Federal Housing Finance Agency (FHFA) has announced that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2015 will remain at $417,000 for one-unit properties in most of the country.&nbsClick to continue

Survey Finds Proposed G-Fee Increase Will Hurt Originations

Mortgage App Pic

Genworth U.S. Mortgage Insurance, a unit of Genworth Financial Inc., has released results from a survey of industry executives conducted at this year’s Mortgage Bankers Association Annual Conference in Las Vegas, which polled 302 mortgage professionals. Key findings showed significant concern about the proposed rise in guarantee fees, among other issues regarding regulation, credit and technology.    Click to continue

HUD Partners With National League of Cities to Combat Veteran's Homelessness


The U.S. Department of Housing & Urban Development (HUD) and National League of Cities (NLC) have announced a new Memorandum of Understanding (MOU) to help fight against veteran homelessness in cities across the country. To date, more than 255 cities, counties and states are pledging to end veteran homelessness in their communities by 2015 using the power of federal, state, local, and non-profit resources.Click to continue

FHFA: G-Fees Increase an Average of 51 BP in 2013


The Federal Housing Finance Agency (FHFA) has released its sixth annual report on the single-family guarantee fees (g-fees) charged by Fannie Mae and Freddie Mac.Click to continue

Congress Called Upon to Extend Mortgage Forgiveness Debt Relief Act

Congress/Credit: Comstock

The Financial Services Roundtable (FSR) and several other financial trade associations sent a joint letter to congressional leadership today calling for lawmakers to grant a two-year extension of the Mortgage Forgiveness Debt Relief Act, which preventsClick to continue