Read the latest news about mortgages, foreclosures, servicers, loan modifications, HAMP, Dodd-Frank, Qualified Residential Mortgage (QRM), mortgage brokers and more.
- 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.
- 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 ...
- 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 ...
- 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.
- AG Schmidt: Florida Company to Pay Fines and Penalties for Violating Kansas Consumer Protection Laws
Kansas City Kansan 14 Oct 2014
Kansas Attorney General Derek Schmidt has announced a consent judgment against Florida-based Cypress Law Group Inc.
- Americans Face Post-Foreclosure Hell as Wages Garnished, Assets Seized
Reuters 14 Oct 2014
Thousands of Americans who have been rebuilding their finances since losing their homes in the housing bust are now being pursued by debt collectors for money they still owe and are being subjected ...
- You Don't Need to be Perfect to Get a U.S. Loan Anymore
Bloomberg 13 Oct 2014
Since the 2008 housing crash, most lenders have refused to give loans to borrowers with minor imperfections on their applications, but that is starting to change.
- CFPB Proposes TILA-RESPA Changes
Credit Union Times 10 Oct 2014
The Consumer Financial Protection Bureau (CFPB) has proposed two changes to the TILA-RESPA final rule.
- Home Equity Lending Surges in U.S. to Five-Year High
Bloomberg BusinessWeek 09 Oct 2014
Lenders increased their origination of home equity lines of credit (Helocs) by 21 percent in the 12 months ending in June, data firm RealtyTrac Inc. reports.
- The States Where Homeowners Are Still Struggling
Fox Business 08 Oct 2014
Despite historically low rates, there have been fewer mortgages opened in some parts of the nation. At the same time, millions of American consumers are still struggling to afford the monthly ...
- New Mortgage Lender Demands Less Documentation
Wall Street Journal 07 Oct 2014
Social Finance, or SoFi, has offered mortgages in California since August and expanded its business to New Jersey, North Carolina, Pennsylvania, Texas, Washington, and the District of Columbia on Oct.
- GAO Calls on Treasury to Better Track Homeowner Relief Data
The Hill 06 Oct 2014
In a new report, the Government Accountability Office concludes that Treasury officials could do more to assess why some distressed homeowners are redefaulting after receiving federal mortgage relief.