Question remains: When will interest rates start rising?

This is why you can't blame Millennials for low homeownership rates

Stop the blame game

Bill to eliminate $6M raise for Fannie, Freddie CEOs passes House Committee 57-1

Growing bipartisan support means passage likelier
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Servicing

Servicer focus on mortgage delinquencies severely impacts current borrowers

J.D. Power survey shows current borrowers often feel ignored
Despite the percentage of loans in delinquency dropping to less than 5% of all loans in June, mortgage servicers are still paying an inordinate amount of attention to delinquent borrowers, severely impacting the servicers’ overall customer experience, a new report shows. Here's what servicers can do to fix it.
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Nationstar posts 2Q net income of $75M

Strong originations provide comeback after first quarter losses
Nationstar Mortgage Holdings reported quarterly net income of $75 million, or $0.69 per share, for the second quarter, compared to net loss of ($48) million, or ($0.53) per share, in the first quarter 2015. Want to know more?
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CFPB orders Paymap to repay $33.4 million for deceiving customers

LoanCare also fined for falsely promising savings with biweekly payment program
The Consumer Financial Protection Bureau announced Tuesday that it is ordering Paymap, a Colorado-based payment processing company, to return $33.4 million to consumers for falsely promising mortgage savings to borrowers who used their biweekly mortgage payment program.
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Sen. Ted Cruz introduces bill to abolish CFPB

Partners with Rep. John Ratcliffe on bill to eliminate "runaway agency"
The Consumer Financial Protection Bureau, which celebrated its fourth birthday earlier this week, won’t see its fifth birthday if Sen. Ted Cruz has his way. Cruz, along with Rep. John Ratcliffe, introduced a bill in Congress this week that would abolish the CFPB.
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Federal Court of Appeals finds for MERS, again

Upholds lower court ruling on mortgage assignment authority
Just days after the United States Sixth Circuit Court of Appeals handed a legal victory to MERSCORP Holdings, which saw its mortgage assignment authority challenged in Kentucky, MERS secured another win from the same court.
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