National Mortgage News

Syndicate content
Latest for Feed
Updated: 25 min 15 sec ago

Fannie expands Day 1 Certainty program

25 min 15 sec ago
Fannie Mae is staging more pilot projects with lenders and vendors, including one that consolidates submissions of different types of loan data potentially eligible for immediate representation and warranty relief.

Fight to kill CFPB arbitration rule could rest on whose data is right

25 min 15 sec ago
With days ticking down for lawmakers to overturn the Consumer Financial Protection Bureau rule, some are now questioning the statistics used to challenge the bureau’s data.

5 best and worst states for consumer credit scores

25 min 15 sec ago
Consumer credit varies nationally due to regional variations in income and the cost of living. To get a sense of where it's strongest and weakest, here's a look at the five best and worst states for consumer credit scores.

FHFA to seek public input on alternative GSE credit score model

25 min 15 sec ago
Federal Housing Finance Agency Director Mel Watt said the agency is poised to examine alternatives to how a Fannie Mae and Freddie Mac assess creditworthiness of home buyers, including seeking public comment on the issue later this fall.

HUD Secretary Carson vows to pull back on mortgage penalties

25 min 15 sec ago
Ben Carson doesn't want big banks to worry so much about being penalized from mortgage lending errors.

Mortgage 101 for California fire victims

25 min 15 sec ago
Mortgage lenders are urging the thousands of displaced homeowners to reach out to them in the aftermath of the devastating wildfires so fire victims can begin the process of either rebuilding or moving on, leaving behind the home they once had.

Why the mortgage industry remains closed to legal cannabis workers

25 min 15 sec ago
Cannabis businesses are legal in 29 states, but compliance questions on the federal level are keeping mortgage lenders from making loans to the industry's workers.

State's economic strength boosts Bank of Hawaii profits

25 min 15 sec ago
Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter.

Fannie Mae diversifies Day 1 Certainty report suppliers

25 min 15 sec ago
Fannie Mae is authorizing additional suppliers of reports that can give lenders immediate representation and warranty relief on certain data, diversifying beyond an exclusive partnership with Equifax in one category.

Treasury says CFPB arbitration rule hurts consumers

25 min 15 sec ago
The Treasury Department released an 18-page report saying the rule would “impose extraordinary costs” including legal fees mostly for lawyers that bring class-action lawsuits.

Home sales stay steady in Northwest Indiana

25 min 15 sec ago
Strong growth in the sale of existing homes in Lake County in September was almost enough to pull the seven counties that make up the Greater Northwest Indiana Association of Realtors into positive territory for the month.

New MBA Chair: 'Regulation by enforcement' isn't helping

25 min 15 sec ago
The CFPB's practice of "regulation by enforcement" forces mortgage companies to develop compliance standards based on the mistakes of their peers, rather than clear guidance from the enforcement agency, said David Motley, the new chairman of the Mortgage Bankers Association.

Texas receives $58M in CDBG funds to rebuild after Harvey

25 min 15 sec ago
Texas is receiving $58 million from the Community Development Block Grant disaster recovery program that HUD administers.

Language question added to the loan app against lenders' wishes

25 min 15 sec ago
The Federal Housing Finance Agency added a language preference question to the loan application, rejecting the mortgage industry's wishes.

Ban origination fees on VA refis to curb veteran mortgage churn

25 min 15 sec ago
To protect veterans from predatory lending practices, Ginnie Mae and the Department of Veterans Affairs should remove lenders' financial incentive for originating Interest Rate Reduction Refinance Loans.

Equifax restoring The Work Number portal with beefed-up security

25 min 15 sec ago
Equifax continues work to add new security features and restore full access to The Work Number following a report highlighting potential security vulnerabilities in a browser-based portal of its employment verification service.

Mortgage deduction alternative emerges in tax reform talks

25 min 15 sec ago
Some housing groups are warming to an idea that they say could help more Americans benefit from housing-related subsidies than the mortgage interest deduction.

Western New York summer home sale prices hit record

25 min 15 sec ago
Home sale prices in Western New York hit new peaks over the summer, as the region's housing market continued to churn past historic records.

LoanCare is now subservicing mortgages with eNotes

25 min 15 sec ago
LoanCare, a Virginia Beach, Va.-based subservicer, can now service mortgages registered with MERS as e-notes by using DocMagic's e-vaulting technology.

Thousands displaced by wildfires now face housing shortages

25 min 15 sec ago
A limited housing supply fueled by the San Francisco Bay Area's booming job growth and decades of slow construction has forced home values and rents to near record highs.