Headlines and Blogs from Around the Web
Mortgage rates are near their lowest levels of 2014 with many consumers reporting loan APRs in the 3s. However, as mortgage rates have dropped, closing costs have climbed.
The nation's youngest adults will spend more than $2 trillion in the next several years on rent and mortgage loans, according to a recent report by The Demand Institute.
When the Federal Housing Finance Agencyimplemented new representation and warranty policies for Fannie Mae and Freddie Mac on Jan. 1, 2013, it did so in a rushed and flawed manner that exposes the government-sponsored enterprises to significant risk, the FHFA’s watchdog said in a new report.
Speaking on the subject of "Engaging Borrowers on Their Terms" at the Servicing Lab as part of the Five Star Conference on Tuesday, Green Tree Servicing's SVP of business control and client management, Mark Atencio, pointed out the many similarities between a mortgage and a marriage.
Mortgages are hard to get, with demands for high credit scores and a perfect lending history, so some say it’s time to bring back subprime mortgage lending.
Mortgage real-estate investment trusts could be in for some more Federal Reserve-induced volatility this week if the Fed tweaks its policy statement language about the timing of its first rate hike.
JPMorgan Chase & Co. (JPM), Goldman Sachs Group Inc (GS), and Citigroup Inc (C) along with a number of other foreign banks are under scrutiny by US investigators for a possible manipulation of the currency markets, according to the Wall Street Journal.
Mortgage rates are suddenly rising. Last week, on concerns that the Federal Reserve will begin raising the Fed Funds Rate soon; and, on profit-taking in the markets, mortgage bonds made their worst week in more than 4 months. The action has moved mortgage interest rates off their lows of 2014, and to their highest point since April.
Housing finance reform is a nut that still can’t be cracked because of a lack of consensus among those involved, but most agree the status quo can’t continue.
The U.S. Treasury is seeking to stoke issuance in the mortgage-bond market by pushing credit-rating firms to offer more information on how they might grade securities tied to riskier loans.
Advertised as a path to an affordable retirement, federally insured reverse mortgages are showing signs of a rebound, drawing the scrutiny of regulators seeking to reduce historically high default rates that have cost the government billions.
Although the Toronto Film Festival is known for its flashy premieres, it also gives smaller, independent films a platform for sales of North American distribution rights.
A week ago HousingWire first reported that former Fannie Mae CFO J. Tim Howard was hired by Fairholme Funds in their lawsuit against the U.S. Treasury, and now the government is arguing against allowing Howard access to 800,000 pages of discovery documents.
One resounding theme of the Foreclosure Lab at the Five Star Conference on Monday was clear – throwing compliance into the equation has made the foreclosure process way more complicated than it used to be because the industry is so much more regulated than it was as recently as five years ago before the passage of the Dodd-Frank Act.
A new study by Wells Fargo & Co., the nation's largest home mortgage lender, suggests that consumers' misconceptions about mortgage requirements are keeping them from buying homes.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.