WATCH: Famous televangelist gives terrible reverse mortgage advice

S&P reportedly close to massive mortgage-bond rating settlement

WSJ: Department of Justice may get billions

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
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Items Tagged with 'mortgage finance'

ARTICLES

On Julián Castro: I’m not sure there’s any there there

One thing's for sure, he could step into Biden’s shoes
Trey Garrison
After watching him on the Daily Show, you realize Julián Castro may not be the HUD secretary housing needs, but he's the one the country deserves.
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ABA renews endorsement of Fannie Mae secondary market options

Says it helps community banks stay competitive
Trey Garrison
The ABA says Fannie Mae secondary market options help community banks remain competitive in their local markets. Here’s how.
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ICBA: 73% of community banks say regulations hurt mortgage lending

Half of all rural banks don't qualify for QM's "rural" exception
Trey Garrison
Three-quarters of community bankers surveyed say that new mortgage regulations are impacting their ability to serve borrowers, blocking potential buyers from access to mortgage credit. Here are the findings.
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FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
Trey Garrison
Is the housing policy being charted by the Obama Administration one that will expand housing opportunities or steer us into dangerous waters? Rep. Waters applauds the latest Fannie, Freddie initiatives. While Rep. Hensarling indicates it is "dumb regulation."
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First wave of ‘boomerang buyers’ become eligible for mortgages

RealtyTrac: Here’s where the action may heat up
Trey Garrison
The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.
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Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
Trey Garrison
Ocwen ended its disastrous week on Friday by settling with the state of California for $2.5 million — but that's just to ensure the state gets the information it asked for. Any violations that turn up once it has the information could be a whole other ball of wax.
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Black Knight: Delinquencies drop 7% in December

Foreclosure starts jump 21% from November
Trey Garrison
Delinquencies dropped by 7.2% in December, bringing the national delinquency rate back under 6% and down to 5.6% for the month, and nearly 13% down from this time last year. Here's what's happening.
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Titan Capital Solutions shifts to buying GSE-rejected loans

Expanding from jumbo to damaged, ineligible mortgage lending
Trey Garrison
Titan Capital Solutions of Denver is shifting its focus and has begun purchasing lenders’ “scratch and dent” production; that is, loans rejected by Fannie Mae and Freddie Mac and private investors due to data, document and compliance errors with varying degrees of severity. Here's why.
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Flagstar posts 4Q 2014 net income of $11.1 million

Mortgage servicing business improved
Trey Garrison
Flagstar Bancorp reported fourth quarter 2014 net income of $11.1 million, or $0.07 per diluted share, as compared to a net loss of $27.6 million in the third quarter 2014, or $(0.61) per diluted share, and net income of $161.9 million in the fourth quarter 2013, or $2.77 per diluted share.
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New York AG to SCOTUS: Uphold disparate impact in housing

Schneiderman, other AGs don’t want discrimination measure thrown out
Trey Garrison
The Supreme Court of the United States is hearing the case of Texas Dept. of Housing vs. Inclusive Communities Project, and while many in the industry welcome the expected rejection of disparate impact theory in housing, others oppose overturning its use. Here’s why.
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