6 secrets to dealing with regulations for mortgage servicers

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators

First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high

NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops
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Impac comes roaring back

Stock soars on earnings news
Ben Lane
A tremendously positive earnings report sent Impac Mortgage Holdings’ stock soaring on Friday. The company isn't back to its pre-crisis heights, but it's on its way.
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MBA: Here’s the trend for purchase applications by loan size

Affordable and 1st-time apps decline; big growth for mid-to-jumbo borrowers
Trey Garrison
Modest-size mortgage applications shrink even as mid-level and jumbo applications have seen growth in the first quarter of 2015.
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First-time buyer GSE mortgage loans are getting far riskier

Risk index for agency mortgages for new buyers at series high
Trey Garrison
Agency loans for first-time buyers are as risky as they’ve been since the AEI started tracking mortgage risk. With pressure on to loosen credit standards even more, are you worried?
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Why are foreclosures not making it to the market?

Auction.com reveals 4 changes driving the trend
Brena Swanson
As home prices continue to increase, fewer homes are now heading into foreclosure. While this might be disappointing news for home shoppers, Auction.com Executive Vice President Rick Sharga cites four reasons for this trend.
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Radian now offering an industry first – job loss insurance

New program will pay borrowers’ mortgage if they lose their job
Ben Lane
Radian Guaranty is offering a new program that’s the first of its kind in the industry – job loss insurance. The new program, called Radian MortgageAssure, will pay a borrower’s mortgage if they suffer an involuntary job loss and fall behind on their mortgage payments. And it comes at no cost to the borrower.
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Impac first-quarter origination volume skyrockets 106%

Acquisition of CashCall boosts profits
Brena Swanson
Impac mortgage turned around its financial situation in its latest first-quarter earnings report. Key drivers of the growth? For starters, higher origination volume.
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Will former risky borrowers ever get back into homeownership?

Sterne Agee: Odds aren't in their favor
Brena Swanson
“Not only do owners of formerly distressed homes have damaged credit for an extended time, but to purchase again, mortgages must now be obtained amidst an abundance of new, more stringent credit restrictions,” said Piegza.
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Low interest rates drive First American revenue up 10%

Refinance orders increased 62% in first quarter
Ben Lane
Driven by a 15% increase in direct title orders closed and a 62% increase in refinance title orders, First American Financial saw its revenue grow by 10% in the first quarter. According to First American, its total revenue rose to $1.11 billion in the first quarter of 2015, up from $1.01 billion in the same time period last year.
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U.S. sues Quicken Loans for FHA loan violations

DOJ accuses lender of improperly originating and underwriting FHA mortgages
Trey Garrison and Ben Lane
The United States government is suing Quicken Loans, accusing the lender of improperly originating and underwriting loans that were insured by the Federal Housing Administration. According to an announcement from the Department of Justice, the government alleges that from September 2007 through December 2011, Quicken “knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans.”
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DocMagic launches TRID compliance solution

Announces Collaborative Closing Platform
Brena Swanson
DocMagic launched a new compliance tool for the mortgage industry to help lenders comply with the new TILA/RESPA Integrated Disclosure rule that goes into effect on Aug. 1.
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