Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
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Items Tagged with 'qualified mortgage'

ARTICLES

W.J. Bradley next to step into non-agency market

Introduces first program in new portfolio
July 15, 2014
W.J. Bradley Mortgage Capital is the latest lender to introduce non-agency products to the market with its new WJB | ONE portfolio.
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CFPB targets mini-correspondent divisions

Bureau reacts to growth of these mortgage bankers
July 11, 2014
Mini-correspondent lending divisions started to take off after the Consumer Financial Protection Bureau’s qualified mortgage rules went into effect on Jan. 10, creating a possible loophole for lenders and catching the CFPB’s regulatory eye.
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Is non-QM lending the future of housing?

Lenders begin offering non-agency products
July 9, 2014
Now that it's been six months since the CFPB's Qualified Mortgage requirements went into effect, lenders are starting to look into the unchartered territory of non-QM lending, finding that there is, in fact, demand.
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Tips for closing a second home under QM rules

Approval requirements typically focus on these six questions
April 14, 2014
When considering the purchase of your second or vacation home, be sure to understand the mortgage lender’s eligibility requirements for categorizing the property as a second home.
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Former CFPB official: No special QM loophole

Raj Date gets into mortgage business
April 7, 2014
Date's consumer finance advisory platform and investment vehicle Fenway Summer is reportedly looking to buy Ethos Lending in order to get into the mortgage market. And he is already generating buzz through the sins-of-our-fathers assertion.
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The cost of closing mortgages is officially astronomical

It just doesn't pay to be a mortgage banker, anymore
March 26, 2014
Fourth quarter 2013 production expenses were the highest recorded in any quarter since the Performance Report was created by the MBA. Will the MBA first quarter 2014 report show an even bigger increase? Expect it.
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Fitch finalizes ratings guidance on QM securitizations

Checklist to triple-A
March 18, 2014
The criteria help lay the groundwork for the eventual issuance of these residential-mortgage backed securities.
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Top 8 states for mortgage fraud

Here's where to find the most suspicious activities
February 11, 2014
Although suspicious activity in lending is down overall, mortgage fraud still remains a problem in certain areas across the country. Here is your warning if you live in one of these eight states.
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MBA: Credit loosens as lenders adjust to QM

How easy is it to get a mortgage?
February 11, 2014
Mortgage credit availability ticked slightly higher in January and increased 1.85% from 110.9 in December to 113.0 in January, as the market continues to adapt to the new Qualified Mortgage regulation by eliminating products that do not fit inside of the QM box.
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HMDA reporting could always get better

CFPB strives to realign and simplify lender reporting
February 7, 2014
Over the past 35 years, a surplus of new regulations has shaped a completely different housing market, making the Home Mortgage Disclosure Act outdated. As a result, the Consumer Financial Protection Bureau set out to realign HMDA to present day needs.
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