FHFA leaving g-fees alone, revising primary mortgage insurance requirements

FHFA leaving g-fees alone, revising primary mortgage insurance requirements

Move will lower fees for riskier borrowers; change is ‘revenue neutral’

Housing advocacy groups call on FHFA, CFPB to investigate “pro-foreclosure” tactics

Groups cite Ocwen as leader in preventing mortgage defaults

Court filing reveals name of anonymous whistleblower in Zillow/Move lawsuit

Former Zillow VP of Strategic Partnerships wrote the letter
W S

Blogs

new REwired blog header

REwired

Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day. Read More

Hey Yahoo, 2005 called, and it wants its mortgages back

This was the most amusing (and depressing) mortgage-related read of the week
Jacob Gaffney
“A man who spent years sleeping in a cardboard box by a bus stop found a bank account he had forgotten - with enough money for the deposit on a house.” If correct, that means he needs to get a mortgage. Truth is, no one is going to give this guy a mortgage.
Read More

Will unprecedented mortgage lending finally save Detroit?

Bank of America, NACA partner to offer zero-down, below market rate mortgages
Ben Lane
A newly created program, called the “Detroit Neighborhood Initiative,” is based on a partnership between the city of Detroit, the Neighborhood Assistance Corporation of America, the Opportunity Resource Fund and Bank of America, and the program goes to unprecedented lengths to help restore the city to its former glory.
Read More

Second look: Here's where Fannie got it right

Examining the Fannie Mae mortgage assistance for HomePath
Trey Garrison
Under the program, qualifying first-time homebuyers can receive up to 3% of the purchase price of the subject property in closing cost assistance toward the purchase of a HomePath property. It's time to set the record straight on the wisdom of the program.
Read More

Here's why force-placed insurance continues to get bad press

Is it time to shut it down?
Lynn Effinger
On the surface of it, most any reasonable person would understand that a mortgage lender has the right to protect its asset if the borrower is not adequately covered by homeowner’s or flood insurance policies. But here's where the controversy comes in.
Read More

Is it really risky business at Fannie, Freddie?

Viable alternatives or the same old mistakes?
Trey Garrison
A little risk in life is a good thing, and everyone deserves a chance to prove they can do better than they have. But some say the housing policies being pursued may sound awfully familiar. Maybe, just maybe, the GSE are on to something good.
Read More
Pavaso blog header revision 2

Closing Call

Breaking down the TILA-RESPA Integrated Disclosure, how it impacts your business, and ways to solve it. Written by the experts at Pavaso each business day. Read More

A new era of solutions

Recapping last week's posts and tech progress this year
Mark McElroy

Solutions exist today that can help with a large majority of the business process shifts that will result from the rule. And the last year has provided an opportunity for them to solve things further.  


Read More

TILA-RESPA technology cheat sheet

What you need to know when investing in a digital closing solution
Matt Corcoran

If you fired off an email, handed the consumer a brochure, or even simply talked about something face-to-face, how will you record or determine if the consumer engaged that content? The digital delivery of educational content will be key to not only getting the consumer to interact with it, but tracking what the consumer actually accessed.


Read More

How to save $1,100 or more on the cost to close each loan

A digital solution can help lenders' profit margins
Matt Corcoran

If you’re one of the lenders who hasn’t converted over to a digital closing platform yet, chances are you’re going to be a little lost (and even further behind) when that next phase of development kicks off about two months from now.  


Read More

MBA Annual has come and gone, but TILA-RESPA is here to stay

What progress have you made one week after the conference?
Matt Corcoran

As you head to complete this phase by Week 28, you not only need to look at how your organization operates internally, but how it operates externally as well with business partners and consumers to ensure regulations around the three-day delivery rule for the Loan Estimate are met.  


Read More

TILA-RESPA Phase I complete

Get ready for Phase II of the Lender Implementation Timeline
Mark McElroy

Staying on par with the timeline, next week will kick off the Analyses and Decisions phase, in which you’ll be reviewing your workflow, systems and compliance in order to determine the revised procedures, system recommendations and policies necessary.


Read More