Goldman Sachs agrees to pay $3.15B in FHFA suit

Goldman Sachs agrees to pay $3.15B in FHFA suit

Settlement will resolve RMBS claims

It's settled: Principal reduction is smart policy

How the BofA settlement opened the door

Pavaso CEO: CFPB eClosing mortgage pilot “historic event”

Makes buying a home easier for all Americans
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Items Tagged with 'lender'

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Freddie Mac: Mortgage rates fall to year's lows

Rates continue downward trend
Brena Swanson
Mortgage rates dropped to new yearly lows after hovering around the same area for the past month, according to the latest Freddie Mac Primary Mortgage Market Survey.
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Affiliated Mortgage exits correspondent lending

Shuts down office due to current lending environment
Brena Swanson
“Based on the current environment, and after careful consideration, Affiliated Mortgage Company has made the difficult decision to exit the correspondent business,” said Jason Beene, president of the Correspondent Division.
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Stated income loans to offset mortgage declines

Not the same product as past "liar loans"
Brena Swanson
Stated income loans are starting to come back into the market as lenders try to boost business. But this time around lenders are putting in extra due dilligence to not repeat the past.
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Fannie Mae: 80% of lenders won't enter non-QM space

New rules show little impact on business strategies... for now
Brena Swanson
The housing industry had half a year to adjust to the CFPB's new Qualified Mortgage and Ability-to-Repay rules. But has that been enough time?
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Ellie Mae 2Q14 earnings overcome outages

Encompass users increase 12% y/y
Brena Swanson
Ellie Mae recorded an increase in its second-quarter earnings despite additional operating expenses from its outages experienced at the end of March.
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Small mortgage lenders and large banks face off

Fannie Mae: Smaller lenders to contract credit standards
Brena Swanson
Lending standards are likely to tighten at smaller and midsize lenders over the next three months, but at the same time, the smaller guys are stealing larger banks' mortgage market share.
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Freddie Mac: Mortgage rates push buyers to market

Despite slight rises, rates still low
Brena Swanson
"Mortgage rates have entered the summer doldrums, showing very little movement one way or another. The benchmark 30-year fixed mortgage rates has fluctuated within a very narrow range – one-tenth of a percentage point – since mid-May," Bankrate said.
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Freddie Mac: Mortgage rates dip closer to historic lows

For now…
Brena Swanson
Mortgage rates stayed relatively quiet amid light economic reports; however, don’t expect it to stay like this forever.
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Is non-QM lending the future of housing?

Lenders begin offering non-agency products
Brena Swanson
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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Ellie Mae origination report shows uptick in closure rate

New report now includes VA loans
Trey Garrison
Ellie Mae’s Origination Insight Report for May 2014 has been revised to include analysis of VA loans, mortgages made by private lenders, which are backed by the Department of Veterans Affairs, and expanded Federal Housing Administration and conventional loan data.
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