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Low FICO score? You're likely finding it easier to get approved for a mortgage.
Fewer charge-offs for mortgages have resulted in the smallest losses for banks on loans since before the recession, according to the Federal Deposit Insurance Corp.'s Quarterly Banking Report for Q2 2014 released on August 28.
The most active states for mortgage fraud today include California, Nevada, Arizona, Florida and Michigan, report Freddie Mac's fraud investigators.
Gone are the days that a simple “Hello/Goodbye” letter could satisfy the transfer of servicing obligations from one mortgage company to another.
Before Flagstar Bancorp (FBC) can celebrate its strong comeback in its second-quarter earnings, it has to deal with a small blip on its record stemming back to the bank's loss mitigation practices and mortgage default servicing operations in 2011.
How many days does it take to get a mortgage approved? Fewer than it used to.
The chief executive of Wells Fargo has warned that the biggest US mortgage provider will avoid providing home loans to people with lower credit scores unless federal authorities reduce the threat that the banks will bear the costs for soured loans.
Endorsements for Home Equity Conversion Mortgages (HECMs) may have hit a 14% annual decline in June on a national basis, but regionally speaking, Arizona has so far been a diamond in the rough, according to the latest data from Reverse Market Insight.
Credit-rating firms, whose lapses played a central role in the 2008 financial crisis, will face new restrictions on conflicts of interest under rules set to be adopted by the U.S. Securities and Exchange Commission.
The total U.S. foreclosure presale inventory rate fell to 1.85% of all homes with a mortgage in July - a decrease of 1.65% compared to June and a decrease of 34.44% compared to July 2013, according to Black Knight Financial Services' "First Look" report.
A bill introduced last month before a Senate subcommittee would shield certain financial institutions with less than $50 billion of total assets from examination and reporting requirements of the Consumer Financial Protection Bureau (CFPB).
Some of the country's largest financial institutions say Lehman Brothers Holdings Inc. needs to set aside $12.14 billion to settle claims over certain soured mortgage loans, more than double what the failed investment bank has currently set aside for the dispute.
The Obama administration announced a new program Tuesday to make it easier for active-duty servicemen and servicewomen to afford homes.
To address outstanding questions regarding the new mortgage rules that took effect in January 2014, CFPB staff provided non-binding, informal guidance in a webinar hosted by the American Bankers Association (ABA).
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.