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Updated: 48 min 47 sec ago

GOP plan to scrap agency guidance takes step forward

48 min 47 sec ago
The Government Accountability Office has agreed to a request by a GOP lawmaker to examine whether congress can reject regulators' guidance.

Insurance agencies bring homeowners policies into the digital fold

48 min 47 sec ago
Homeowners insurance agencies are embedding their policy-underwriting technology into mortgage companies' origination and servicing systems in a bid to chase the same customers together.

EagleBank approved as a Ginnie Mae multifamily MBS issuer

48 min 47 sec ago
EagleBank has been approved as the 13th Ginnie Mae multifamily mortgage-backed securities issuer

Fannie gives rate break for healthy multifamily buildings

48 min 47 sec ago
Fannie Mae will give below-market-rate financing to multifamily borrowers who incorporate healthy design features in their newly constructed or rehabilitated buildings.

Lenders protest proposed FHA fee for risk upgrades

48 min 47 sec ago
Lenders are objecting to the Trump administration's proposed $30 million fee designed to partially fund upgrades to the FHA.

Four takeaways from Trump's first budget

48 min 47 sec ago
President Trump’s budget would reduce funds to the CFPB and eliminate a fund designed to help regulators unwind a failing megabank.

HSBC makes 'big bet' on Canada in bid for more market share

48 min 47 sec ago
HSBC is getting aggressive in Canada — and one needs to look no further than its latest mortgage rate for proof of broader ambitions.

A mortgage for immigrants with money but no credit history

48 min 47 sec ago
Bank of the West is using alternative data and the international expertise of its parent company to tap into the lucrative but difficult to underwrite market of middle- and upper-class immigrant mortgage borrowers.

Incenter brokering $2 billion in agency MSRs with imaged files

48 min 47 sec ago
Incenter Mortgage Advisors is brokering a $2 billion portfolio of mortgage servicing rights on agency loans with imaged files on behalf of an undisclosed seller.

New-home sales fall more than forecast from decade high

48 min 47 sec ago
A larger-than-forecast decline in new-home purchases in April from the strongest pace in almost a decade indicates a pause in demand in the midst of the busy spring selling season.

FNF acquires real estate auction firm Hudson & Marshall

48 min 47 sec ago
Fidelity National Financial has acquired Hudson & Marshall, a real estate auction company, and in a related move its ServiceLink subsidiary introduced a foreclosure auction product.

Maine's mortgage lending industry in midst of big changes

48 min 47 sec ago
Maine's residential mortgage lending industry bears little resemblance to its prerecession version as changing conditions have shuffled the deck of top lenders and created new choices for borrowers.

April Wisconsin home sales drop 11% amid short supply

48 min 47 sec ago
April sales of existing homes fell almost 11% in Wisconsin, a drop-off industry professionals say is the result of a short supply of houses on the market.

Movement Mortgage plans operations expansion

48 min 47 sec ago
Privately held nonbank Movement Mortgage plans to add to the operational resources it has based at a new Norfolk, Va., facility it is leasing from the city.

CFPB unfairly targeting Ocwen, analyst claims

48 min 47 sec ago
Regulators have unfairly targeted Ocwen Financial Corp. with the goal of forcing it to sell its mortgage servicing portfolio to investors that would foreclose on troubled borrowers, claims a prominent mortgage finance analyst.

Trump budget to propose risk management upgrade for FHA

48 min 47 sec ago
The Trump administration will ask for more funds to improve the Federal Housing Administration's risk management systems as part of its budget expected to be released Tuesday, according to a leaked version.

What to expect at court hearing on CFPB constitutionality

48 min 47 sec ago
The case, PHH Corp. v. CFPB, is being watched closely because depending on the outcome, it could give President Trump the power to immediately fire Richard Cordray, the CFPB's director.

Nationstar readies $325M defaulted reverse mortgage deal

48 min 47 sec ago
Nationstar Mortgage is issuing its seventh securitization of nonperforming reverse mortgages.

Why banks should take notice of retailers’ problems

48 min 47 sec ago
This is a good time for bank risk managers and bank regulatory examiners to evaluate the effects of a deepening retail crisis on the financial services sector.

Foreclosures dry up and a hot Wall Street trade gets new look

48 min 47 sec ago
It was a rare lucrative business for Wall Street in the aftermath of the financial crisis: snapping up properties in foreclosure and renting them out. So good, in fact, that now, as the distressed pool dries up, some investors are refusing to let the rental-model fizzle.