Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling

Fannie Mae: Lenders ask these 4 questions about MSRs

All about transfer and execution

Fidelity National bails out Landcastle Title

Discovered “substantial account misappropriations”
W S

Items Tagged with 'credit availability'

ARTICLES

Wells Fargo CEO: GSEs choke mortgage business

“We’re just not going to make those loans”
Brena Swanson
Wells Fargo CEO John Stumpf warned the government-sponsored enterprises that they must stop being so quick to accuse banks of faulty underwriting and then forcing them to repurchase soured loans.
Read More

Closing a mortgage finally makes money

Breaks 6 quarters of straight losses
Brena Swanson
After mortgage banker costs skyrocketed the past 6 quarters, well out of the realm of profitability, the latest Quarterly Mortgage Bankers Performance Report from the Mortgage Bankers Association reports the landscape shifted from losing money to making money, as costs came more under control.
Read More

How hard is it to get a mortgage?

Depending on your circumstances, it’s not as hard as you may think
Ben Lane
The Wall Street Journal identifies two distinct segments of potential borrowers — one can get credit fairly easily while the second group has a significantly more difficult time.
Read More

Mortgage credit slightly more available in June

FHA, VA loosening LTV, credit score criteria drives index up
Trey Garrison
Mortgage credit loosened somewhat in June as a result of a slight expansion of lender criteriafor minimum credit scores and maximum loan-to-value ratios in FHA and VA loans.
Read More

Moody’s: Lenders making more credit more easily available

Trey Garrison
Lenders are making credit more available to borrowers with less than perfect risk scores because of declining loan losses and the improving economy.
Read More

Senior Treasury official: Recapitalizing GSEs would take 20 years

Reiterates support for plan to wind down GSEs
Ben Lane
"Even if truly rehabilitating the GSEs were possible, recapitalizing them adequately would take at least twenty years,” Treasury Under Secretary Mary Miller said. “During these 20 years, the taxpayer would remain at risk of having to bailout the GSEs during another downturn."
Read More

Warren’s student loan bill blocked by Senate Republicans

Is the “crush” of student loan debt here to stay?
Ben Lane
The bill is just the latest in a line of legislation to fall victim to the warring parties in Congress. Republicans accused Warren and the Democrats of playing politics by putting the bill forward, knowing that it had little chance to pass.
Read More

Obama announces plan to ease “crushing” student loan debt

What does it mean for housing?
Ben Lane
In his remarks, and in his weekly radio address, President Obama spoke of the “crushing” debt that students face and how it impedes economic growth. The President said: “If somebody plays by the rules, they shouldn’t be punished for it.”
Read More

Looking for a last minute graduation present? How about crushing debt?

Student loan debt keeps climbing, keeps younger buyers from actually buying
Ben Lane
It’s graduation weekend at many colleges across the nation. It’s a time of celebration and joy. But the real world is about to smack many of these graduates square in the face.
Read More

New FHA program heralded as positive step towards easing credit crisis

BPC's Patenaude: FHA's plan is timely and promising
Ben Lane
"Importantly, the FHA's Blueprint for Access recognizes that it is possible to responsibly increase mortgage access for underserved borrowers without exposing lenders and the taxpayers to significantly greater risk,” Pamela Patenaude, director of housing policy for the Bipartisan Policy Center said.
Read More