Headlines and Blogs from Around the Web
These are just a few of the terms that mortgage lenders have coined to describe loans that do not meet the Consumer Financial Protection Bureau's definition of an ultra-safe "qualified mortgage."
The problem of squatters occupying vacant, real estate-owned (REO) properties has been growing steadily since 2009.
On the whole, 2014 has certainly seen a narrow range in rates, but within that broader range, we've still been able to witness distinct trends.
Home price appreciation is slowing markedly, and a survey of members of the National Association of Realtors shows they generally expect home prices to increase in all states and the District of Columbia over the next 12 months, with most of the heavy growth in Florida, Texas, and California, among other states.
It doesn't get much publicity compared with other home mortgage issues, but it appears to be a persistent problem: Lenders and mortgage insurers allegedly delay or deny loan applications when a borrower is pregnant or heading for maternity leave.
CoreLogic (CLGX) has completed a preliminary estimate of the worst-case residential damage that could be caused by Hurricane Arthur if it continues on its current track.
Jamie Dimon, whose eight years atop JPMorgan Chase have made him one of Wall Street’s most powerful leaders, said he will start treatment for throat cancer, raising new questions about succession plans at the biggest U.S. bank.
By now, long term care project owners are very aware of the advantages of HUD-insured financing. However, HUD's program policies continue to challenge some providers who own and/or operate multiple facilities.
Popular Inc., Puerto Rico’s largest bank began its exit from the Troubled Asset Relief Program (TARP) as the Department of the Treasury announced that it had accepted final repayment of $946 million
U.S. regulators on Tuesday urged banks to work with clients to avoid defaults on hundreds of billions of dollars of home equity lines of credit taken out during the housing bubble that will come due in the next several years.
Should President Obama end up being sued by House Republicans over his recess appointments to the Consumer Financial Protection Bureau (CFPB) and National Labor Relations Board in 2012 - actions that were recently ruled "invalid" by the U.S. Supreme Court - it could result in subsequent challenges to the actions that Richard Cordray, director of the CFPB, took during the period he was unofficially at the helm of the consumer watchdog group - including the enactment and implementation of the CFPB's new mortgage origination and servicing rules.
Ginnie Mae is paying particular attention to non-bank servicers due to the same concerns an inspector general has raised about servicing transfers involving Fannie Mae and Freddie Mac loans.
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.