Headlines and Blogs from Around the Web
A U.S. appeals court has handed a major victory to a federal regulatory agency suing big banks over the sale of toxic mortgage-backed securities to since-failed credit unions, ruling that the lawsuits were not filed too late.
A day after a new survey revealed home building confidence is at a seven-month high, home improvement giant Home Depot has reported more good news for the housing market: the nation’s largest home improvement chain said Tuesday that its second quarter sales results were higher than what analysts had expected, and that the activity the retailer has seen in the first half of 2014 is leading it to raise its full-year earnings forecast.
Seven months after the implementation of its ability-to-repay and qualified mortgage (QM) rules, the Consumer Financial Protection Bureau (CFPB) announced it is increasing the loan thresholds used to determine the maximum points and fees for QM loans effective January 1, 2015.
If you're at all a follower or observer of international headlines, you'll agree that that global unrest is increasing ...
If you are looking for some light reading these last few weeks of summer, you might want to take a look at the recently released proposed rule regarding changes to the Home Mortgage Disclosure Act also known as Regulation C.
Mortgage rates are the lifeblood of the housing market. This is why the Fed began quantitative easing (or QE) in the first place. Lower rates allow homeowners to refinance. Refinancing increases homeowners’ disposable income. It also helps stimulate economic growth.
The traditional home refinance has changed. The result of extra-forgiving loan programs including HARP 2.0, the VA-to-VA refinance, and the FHA Streamline Refinance, today's underwater homeowners are getting access to low rates which would have been unavailable just a few years ago.
Uncle Sam wants you, but in a housing role instead of a military uniform. After years of slowed hiring and budget freezes, the Department of Housing and Urban Development plans to add 1,000 positions across the country. HUD has about 8,000 federal employees right now.
And so goes another week of intense, deep-dive material on the tolerances for the TILA-RESPA Loan Estimate. But as we wrapped up section 7 of the rule, we also pointed out that we’re heading into Week 50 of the countdown to August 1, 2015.
Gary Beasley, one of the earliest to build a corporate rental-home business amid the U.S. foreclosure crisis, said the birth of a bond market backed by the properties is compelling banks to lend more cheaply to firms like his.
Few people appear to have noticed in November when former U.S. President Bill Clinton proposed using government proceeds from bank fines to build a national infrastructure bank.
The Consumer Financial Protection Bureau (CFPB) has increased threshold amounts for loans governed by various trigger limits under Qualified Mortgages (QM) and Ability-to-Repay (ATR) Rules.
In an endeavor to drive up soft mortgage revenues, Wells Fargo & Company is boosting employees’ payoff, per a Bloomberg report.
Not in my backyard! The National Association of Realtors — one of the most powerful lobbying groups in Washington — wants regulators to block the $3.5 billion merger of Zillow and Trulia, The Post has learned.
Mortgage servicing company Ocwen Financial Corp said on Monday it had received a subpoena from the U.S. Securities and Exchange Commision in June seeking documents related to its "business dealings" with some of its affiliates.
In July 2014, issuance of Home Equity Conversion Mortgage (HECM) mortgage backed securities (HMBS) hit one its lowest monthly levels since 2009, however, recent program changes may bring some upside in the remainder of the year, according to recent commentary from New View Advisors.
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.