Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals

Items Tagged with 'EverBank'


Housing starts miss expectations dropping to three-month low

"But this is a mere blip on the radar"
Housing starts fell to a three month low of 1.126 million in August, missing expectations of 1.116 million. However, the culprit behind the drop isn't so mysterious. And according to one lending executive, although August housing starts disappointed, this is a mere blip on the radar.
Read More

New home sales jump 5.4% in July to 507K

July’s reading a 25.8% gain in one year
New home sales showed solid if expected gains in July. And while volatility is common for new home sales, other housing data released last week suggest it's not a blip, analysts say. Here's the breakdown.
Read More

New home sales fall 6.8% from May

Housing supply slightly increases
Sales of new single-family houses in June 2015 retreated back down and were at a seasonally adjusted annual rate of 482,000, a 6.8% drop from May’s revised rate of 517,000.
Read More

OCC slaps Wells Fargo, JPMorgan, others with mortgage servicing restrictions

Failed to fulfill requirements of the Independent Foreclosure Review
The Office of the Comptroller of the Currency slammed Wells Fargo, JPMorgan Chase and other banks with new mortgage servicing restrictions due to their failure to comply with requirements of the Independent Foreclosure Review, the Office of the Comptroller of the Currency announced Wednesday.
Read More

Here’s how lenders can help homebuyers get mortgages

43% of first-time homebuyers don’t understand mortgage lending
Even though many borrowers feel like they are left in the dark for the majority of the mortgage process, there are a lot of options and resources out there for them. Here are just several ways lenders said they reach out to help first-time homebuyers.
Read More

HUD watchdog accuses EverBank of violating FHA short sale policies

Recommends bank should repay $1.57 million to HUD
According to the report from the HUD-OIG, EverBank improperly determined whether borrowers were eligible to participate in the FHA’s preforeclosure sale program and as a result of those failings, the FHA insurance fund paid approximately $1.57 million in improper claims.
Read More

Big banks give up on wholesale lending

But some regional players see a silver lining for their own firms
Change is inevitable, and the wholesale lending space is definitely seeing a lot of it lately. But with bigger players like SunTrust moving out of broker lending, smaller players in the space are eager to find their footing.
Read More

SunTrust Mortgage is exiting broker lending

Blames complexity of the current mortgage market
The changing mortgage landscape continues to impact large banks and lenders, with SunTrust Mortgage announcing plans to exit broker lending, effective Dec. 31, 2013.
Read More