How far can lenders push the credit box?

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers

Freddie Mac CEO: We will help increase mortgage lending

Competition among two is still competition
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Lending

Lending

ARTICLES

CoreLogic revenue rises $18.1 million in 3rd quarter

Marks second quarter of increasing revenue
Ben Lane
Citing growth in its data and analytics division and a shifting business plan, CoreLogic reported an increase in revenue from $349.4 million in the second quarter to $367.5 million in the third quarter.
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SEC approves risk retention rule, pending Fed approve rule

Industry continues to weigh in
Brena Swanson
The Securities and Exchange Commission approved the final version of the risk retention rule that would require banks to retain at least 5% of the risk on their books when securitizing loans. Now all that is left is approval from the Federal Reserve.
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Fannie Mae names Brian Brooks EVP, general counsel and corporate secretary

Joins from OneWest Bank
Ben Lane
“Brian has an impressive background in business and law, and is deeply credentialed in financial services and housing finance,” said Timothy Mayopoulos, president and chief executive officer at Fannie Mae. “Brian is an outstanding complement to our leadership team as we focus on supporting the economic recovery, improving our company, and building a sustainable housing finance system.”
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Less risk, more optimism in Vegas

Jonathan Corr: "What's going to happen to me?"
Jonathan Corr
As thousands of mortgage bankers and service providers gather in a place that grooves on the promise of quick riches and instant pleasure, they are all asking the same question: what is going to happen to me in today's lending market?
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Mortgage applications surge 11.6% on lower rates

Refis jump 23%; refi share is 65% of apps
Trey Garrison
Mortgage applications increased 11.6% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 17, 2014.
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Mortgage TrueView launches new HMDA scoring tool

Offers lenders insight into lending practices
Ben Lane
“For the first time, lenders have the ability to understand their own HMDA data in order to both stay compliant and increase loan volume for unintentionally underserved market segments,” the company said in a statement.
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Zillow: Mortgage rates remain at 16-month low

Rates below 4% for third week in a row
Ben Lane
Current rate borrowers were quoted an average interest rate of 3.81% on Zillow’s Mortgage Marketplace in the week that ended Tuesday, which equaled the previous week’s figure of 3.81%.
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MBA’s Stevens: Final risk retention rule works for mortgage bankers

Alignment of QM and QRM helps lenders
Trey Garrison
The president and CEO of the Mortgage Bankers Association says he believes the final QRM definition issued today by the Federal Deposit Insurance Corporation will be a positive for the industry.
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MBA forecasts 7% origination jump in 2015

Predicts unemployment at 5.4% by end of next year
Sarah Wheeler
The MBA is projecting overall economic growth of 2.9% in 2015 and 2.4% in 2016, driven by strong consumer spending and business fixed investment as consumers spend on durable goods and businesses invest in equipment.
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Steve Stapleton joins HomeBridge as SVP

Oversees Midwest expansion
Brena Swanson
HomeBridge Financial Services named Steve Stapleton as senior vice president to help oversee the lender’s latest emphasis on growth throughout the central states region.
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Paulina Gonzalez

Paulina Gonzalez

Paulina Gonzalez is the executive director of the California Reinvestment Coalition, which advocates for the right of low-income communities and communities of color to have fair and equal access to banking and other financial services. CRC has a membership of over 300 nonprofit organizations and public agencies across the State. Follow her on Twitter @calreinvest