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Items Tagged with 'mortgage lending'

ARTICLES

Urban Institute map shows 12 years of mortgages in 24 seconds

Details mortgage activity by ethnicity before, during and post-crash
Trey Garrison
The Urban Institute has created an interactive map that transforms data on more than 100 million mortgage originations throughout the United States into a compelling visual that identifies borrowers by race and ethnicity over a 12-year period.
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Russia’s only cat-based mortgage lender sanctioned by U.S. Treasury

U.S., E.U. up ante in standoff over pro-Russian separatists
Trey Garrison
You can still get a cat with your mortgage from Sberbank in Russia, you just can’t do business with them if you’re American.
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Fannie Mae widens credit box for failed homeowners

Updates minimum wait periods
Brena Swanson

Good news for failed homeowners: Fannie Mae updated the policy related to the minimum waiting periods following a preforeclosure sale or deed-in-lieu of foreclosure, making it easier for borrowers to jump back into the market.


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Wells Fargo ups commissions to spur loan production

Increases loan officers' pay in effort to counteract declining volumes
Ben Lane
Wells Fargo has decided to combat its decreasing loan revenues by increasing the amount of commission it pays to its loan officers. The bank hopes this will stem the decline in its mortgage origination volume.
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Keith Frachiseur joins Envoy Mortgage as regional vice president

Will lead retail expansion in Pacific Northwest
Ben Lane
Frachiseur is tasked with building on the existing Envoy retail presence in the Pacific Northwest with Realtors, builders and borrowers.
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The CFPB's Antonakes changes his tune

"Our goal is not one-sided"
Brena Swanson
"Our goal, however, is not some one-sided aim to maximize consumer protection or industry deterrence at all costs. There is such a thing as doing too little, and there is such a thing as doing too much," Steven Antonakes, deputy director of the Consumer Financial Protection Bureau.
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American Financial Network doubles loan volume by using automated accounting system

In December 2010, the company began using Advantage System’s Accounting for Mortgage Bankers solution. Since launching the AMB solution, the company fully automated its accounting processes, increased its loan volume and grew its branch network without having to hire additional accounting staff.
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4 housing bills that could make mortgage lending much easier

Regulatory streamlining, QM, exemptions for small lenders go to floor
Trey Garrison
The House Financial Services Committee passed three bills Thursday as part of a continued markup from May 7, along with another bill passed on May 7 by voice vote that are being welcomed by the finance industry.
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Cash Flow Worksheets offer efficient, compliant answer
MGIC Mortgage Insurance
Correctly evaluating the income of self-employed borrowers is a challenge for mortgage lenders and underwriters, who are under more regulatory pressure than ever. To meet the need for a simple, accurate process, MGIC has developed its editable, Cash Flow Worksheets, which guide users through an easy-to-use form with line-by-line instructions. (An HW PartnerDirect article)
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Christopher Whalen: The death of mortgage lending

It's not the CFPB's fault
Jacob Gaffney
“New regulations are a very convenient excuse for the large banks to get away from what is a crappy business,” according to one senior banker.
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