TRID is a real obstacle to mortgage process

Fed adopts new rule limiting 'too big to fail' bailouts

New emergency lending policy targets 'broad-based' issues, not specific firms

FHFA announces 2016 conforming loan limits

Much of U.S. left unchanged; limits increase in 39 ‘high-cost’ counties

Items Tagged with 'Mortgage Banking'


Here's proof the housing recovery is no longer recovering

Cautious optimism is still too much
It seems the share of consumers who believe that “now is a good time to buy,” as spun by NAR, CAR, the MBA and other sources that surely have skin in the game to report strong housing performance (real or imagined), dropped 7 percentage points to 45%. It's time to reset the recovery wristwatch.
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BofA misses on revenues, posting $18.7B in 4Q

Originated $15B in mortgages in 2014; legacy costs down 38% YOY
While the cost of legacy asset services from the Countrywide portfolio were down, losses in consumer real estate service revenue were part of the reason BAC missed on revenues by a large margin. Here are the details.
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