News

The issue of principal reduction has returned to the forefront of housing policy in the last month as current FHFA Director Mel Watt recently announced that he would make a decision in the next 30 days as to whether or not to offer principal reduction.

In his speech at the American Banker Retail Banking Conference in Las Vegas today, Comptroller of the Currency Thomas Curry spoke to the importance of innovation in the financial services industry–especially amidst the constantly changing technological environment.

Pessimistic views on the direction of the economy appears to be affecting consumer sentiment about the housing market.

Rising home prices, home appreciation, favorable affordability, and excellent economic and demographic conditions have set the stage for the top single-family housing markets in the U.S for investors.

LenderLive Network Inc., a domestic-based, mortgage services provider, announced that Lynn Collins and Tisha Hamari have joined the firm as Regional Account Executives for the company’s Correspondent Lending division.

There are two factors keeping millennials out of the housing market: rising home prices and a lack of affordable, newly constructed homes for sale.

While most everyone knew the TILA-RESPA Integrated Disclosure regulations would result in delays, not many expected those delays to be so sweeping.

Mortgage affordability has remained mostly favorable, causing demand for homes in the market to rise at a rapid pace but supply remains at a disadvantage.

Freddie Mac announced a new partnership with Hope LoanPort (HLP) Wednesday, intended to "modernize" the housing counseling industry so counselors can spend more time helping potential borrowers and less time on administrative tasks.

First mortgage balances experienced a massive year-over-year jump, driven by an uptick in both rising home-purchase activity and solid refinancing volumes, according to the latest Equifax National Consumer Credit Trends Report, released Wednesday.