New FICO program reveals credit score to risky borrowers

Is this any way to run a mortgage market?

Here's the right solution

Has the mortgage market turned a corner?

Mortgage lending still below norms and signs point to...
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Armor Concepts targets home investors, REO portfolios with break-in defense

Doors and locks fail before the door jamb armor does
Trey Garrison
Vandalism and break-ins can be a big problem for investor owned and REO portfolios, and one former home flipper has developed a solution when he realized that alarm systems don’t really offer any protection.
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New FICO program reveals credit score to risky borrowers

Idea comes from CFPB request
Brena Swanson
FICO isn’t done making waves in the industry. After announcing a new credit program for risky borrowers at the beginning of the month, it is working to make those same type of borrowers are also financially educated.
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Safeguard Properties promotes Michael Greenbaum to chief operating officer

Previously served as vice president of operations
Ben Lane
Safeguard Properties, the mortgage field services provider, announced the promotion of Michael Greenbaum to the position of chief operating officer. Greenbaum, who joined Safeguard in 2010, previously served as vice president of operations.
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MGIC beats 1Q estimates with $133.1M profit

Company doubles net insurance written compared to 1Q14
Trey Garrison
MGIC Investment Corporation today reported net income for the quarter that beat analysts expectations, with a big gain in net insurance written in the first quarter. Here's where they took off.
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The Mortgage Collaborative names new board members, CEO

David Kittle, Debra Still and Jim Park to serve in leadership roles
Ben Lane
The Mortgage Collaborative announced several changes to its board of directors and executive management team. After the changes, David Kittle will serve as vice chairman of the board, Debra Still will serve as secretary of board and Jim Park will serve as the Mortgage Collaborative’s chief executive officer.
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Home Point Financial expands into retail mortgage lending

Adds lending operations from Great Plains National Bank
Ben Lane
Home Point Financial, a subsidiary of Home Point Capital, a financial services holding company founded in 2014 and owned by members of management and by investment funds managed by Stone Point Capital, is launching a mortgage banking business. Here's the skinny.
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Morgan Stanley could pay $500 million in mortgage pact

Deal with NY AG still in talks
Brena Swanson
Morgan Stanley is in talks to possibly pay about $500 million to settle a probe by New York’s Attorney General Eric Schneiderman into whether the firm misled investors in mortgage bonds that cratered during the financial crisis.
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Housing advocates say FHFA g-fee adjustment not enough

NCRC: A step in the right direction, but more needed
Trey Garrison
A housing advocacy group says that the adjustments the FHFA is making to the fees it charges lenders on loans guaranteed by the GSEs doesn't go nearly far enough.
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Loan officer indicted for six counts of mortgage fraud

Scam involved multiple loan applications
Trey Garrison
A mortgage loan officer in California was indicted by a federal grand jury on six counts of bank fraud relating to a mortgage fraud scheme wherein he allegedly submitted false and fraudulent loan applications to lenders.
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Six indicted in international, multimillion-dollar mortgage fraud scheme

South Florida banker, title company involved in residential scam
Trey Garrison
Six individuals in Florida and Brazil, including a mortgage banker, were indicted in an international, multimillion-dollar mortgage fraud scheme.
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