Read the latest news about mortgages, foreclosures, servicers, loan modifications, HAMP, Dodd-Frank, Qualified Residential Mortgage (QRM), mortgage brokers and more.
- Home-Equity Credit: It's Back, But Is That a Good Thing?
Denver Post 15 Dec 2014
The economy has stabilized to the point where homeowners are once again turning their attention to home-equity lines of credit (HELOCs) for cash flow or home improvement, and lenders appear to be ...
- Homeowners Offered Loan Reduction
Associated Press 05 Dec 2014
HUD plans to offer a $5,000 principal reduction next year to borrowers whose mortgage rates were temporarily lowered via the Home Affordable Modification Program (HAMP) during the recession.
- $89 Billion: The Principal Reduction Price Tag to Save American Homeowners
Housing Wire 04 Dec 2014
The idea of principal write-downs for distressed, underwater homeowners continues to be a topic of heated debate.
- Self-Employed Find It's Not Easy to Get a Mortgage
Los Angeles Times 04 Dec 2014
As more Americans go into business for themselves, Zillow warns that the inability of many of them to qualify for a mortgage is taking a toll on housing recovery.
- Mortgage Insurance Costs Have Doubled Since 2008
St. Louis Business Journal 03 Dec 2014
FHA mortgage insurance premiums for a typical U.S. home priced at $212,000 are nearly twice as high now as they were in 2008, a WalletHub analysis concludes.
- Mortgage Servicers Face Further Scrutiny From Fannie, Freddie: Report
American Banker 03 Dec 2014
Nonbank mortgage servicers, already being watched closely by regulators for flubbing home foreclosures, now are receiving extra attention from Fannie Mae and Freddie Mac as well.
- Millions of Americans Are Spending Too Much on Housing
CNNMoney.com 03 Dec 2014
Almost 40 million people in this country are overspending on shelter each month, reports the Demand Institute.
- Groups Call on FHA to Cut Back on High Mortgage Fees
Washington Post 02 Dec 2014
Consumer advocates like the Center for American Progress and Enterprise Community Partners want the FHA to consider cutting fees for mortgages that it guarantees.
- Get Ready for Big Mortgage Rate Increases
BusinessWeek 01 Dec 2014
More than 700,000 U.S. homeowners are due for a painful re-set of their interest rate as their loans hit the 10-year mark.
- Mortgage Lenders Set to Relax Standards
Wall Street Journal 28 Nov 2014
In response to new guidelines from Fannie Mae and Freddie Mac, effective Dec. 1, home lenders are expected to loosen standards for borrowers even more and expand access to mortgages to thousands of ...
- FHFA Announces Conforming Loan Limits for 2015
Housing Wire 24 Nov 2014
The maximum loan size for mortgages to be acquired by Fannie Mae and Freddie Mac will increase in only 46 counties next year, according to the Federal Housing Finance Agency.
- Hilltop in Texas Discloses Federal Probe of FHA Lending
American Banker 10 Nov 2014
The $9.1 billion-asset Hilltop Holdings in Dallas announced that its mortgage unit is being investigated by the U.S.
- Why Offering 3 Percent Downpayment Mortgages Is Not a Return to Lax Lending
Washington Post 07 Nov 2014
Under the federal government's latest campaign to stimulate the residential real estate market, Fannie Mae and Freddie Mac could accept mortgages with down payments as low as 3 percent.
- Lenders Face Stiffer Penalties With New Mortgage Disclosures
American Banker 03 Nov 2014
New mortgage disclosure forms will take effect next August, and lenders that make errors or do not comply could see stricter enforcement and steeper fines.
- Green Tree Servicing Settles Claims With Vermont AG
Legal Newsline 03 Nov 2014
Green Tree Servicing has come to settlement terms with the state of Vermont over allegations of illegal debt collection practices and other violations.
- CFPB Flexes Its Regulatory Muscles
Mortgage Orb 28 Oct 2014
The Consumer Financial Protection Bureau (CFPB) has provided a review of enforcement actions taken this fall against mortgage servicers.
- Fannie Mae, Freddie Mac Reach Deal to Ease Mortgage Lending
Los Angeles Times 18 Oct 2014
The Federal Housing Finance Agency (FHFA) has crafted new rules in an effort to relax tight mortgage standards that have made it challenging for borrowers with imperfect credit to obtain affordable ...
- Navigating the Wide World of Mortgage Overlays
Washington Post 18 Oct 2014
Borrowers are finding it much tougher to qualify for a mortgage because of overlays -- approval standards imposed by lenders and their investors that go beyond guidelines set by Fannie Mae, Freddie ...
- US Foreclosure Filings Down in 9 Percent in September, RealtyTrac
Realty Today 16 Oct 2014
U.S. foreclosure filings have declined for the 48th month in a row, RealtyTrac reports, sliding 9 percent in September from August and returning volume to pre-bubble levels.
- HUD Awards $38.3 Million to Fight Housing Discrimination
MortgageOrb.com 15 Oct 2014
HUD has awarded $38.3 million in grant money to help combat housing discrimination.
Of that, $29.