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Articles in "Lending"
The year 2012 brought a consistent, albeit mild, housing recovery with the nation originating 8.6 million loans last year as the delinquency rate declined 32% from the peak reached in 2010, according to Lender Processing Services.
LPS...
Federal Housing Administration Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the Mutual Mortgage Insurance Fund.
FHA will increase its annual...
Federal Housing Administration Commissioner Carol Galante announced a series of changes to be issued this week that will allow the agency to better manage risk and further strengthen the health of the Mutual Mortgage Insurance Fund.
FHA will increase its annual...
Rebranded as Ally Financial, General Motors Acceptance Corp., is now the second largest existing Troubled Asset Relief Program investment, according to a new report from the Office of the Special Inspector General for the Troubled Asset Relief...
Rebranded as Ally Financial, General Motors Acceptance Corp., is now the second largest existing Troubled Asset Relief Program investment, according to a new report from the Office of the Special Inspector General for the Troubled Asset Relief...
The nation's volume of mortgage applications fell 8.1% for the week ending Jan. 25 as mortgage rates ticked higher, an industry trade group said Wednesday.
The refinance share of mortgage activity declined to 79% of total applications, down from 82% the previous week, according to the...
The Federal Housing Finance Agency reported Tuesday that the national average contract mortgage rate for the purchase of a previously occupied home — an index for ARM loans —fell to 3.29% in December from 3.36% in November. That is down 0.07% from the previous month.
The...
What would it mean for the Consumer Financial Protection Bureau – and its final mortgage rules – if a federal court were to deem the President's recess appointment of CFPB Director Richard Cordray unconstitutional?
As of Friday, that question started to have a tinge of...
The number of Americans filing home purchase and refinance applications grew for the week ending Jan. 18, pushing all mortgage application activity up 7% from the previous week.
The Mortgage Bankers Association noted its home purchase index grew 3% from the prior period,...
For those banks that reported strong fourth-quarter mortgage banking revenue, trends show loan origination volumes and gain-on-gain margins remaining well above historic profitability levels.
The steady levels were a result of robust refinancing activity driven by low rates, the presence...
Homebuilder KB Home ($32.99 0.15%) and Nationstar Mortgage ...
The Consumer Financial Protection Bureau topped off a week of mortgage rule rollouts by launching the agency's guidelines for loan officer and broker compensation Friday.
Among other provisions, the CFPB's final rule keeps originators from steering borrowers into risky...
A new Consumer Financial Protection Bureau rule requires lenders to provide mortgage applicants with free copies of appraisals and other home value estimates. The CFPB announced final adoption of the rule Friday.
Under the rule, creditors are required to inform consumers...
U.S. Bancorp ($35.41 0.19%) achieved record total net revenue and earnings for 2012, largely driven by continued mortgage banking strength and...