Nationwide Title Clearing, Inc., (NTC) a post-clearing services provider for some of the nation’s largest financial institutions, recently announced it has completed 25 years of service to the mortgage lending industry.
Read More »What’s Eating Credit Unions?
Northwest Federal Credit Union President and CEO Chris McDonald discuss some of the hot-button issues affecting credit union in today's mortgage industry. Editors Note: If you want to read more about what today’s top credit union executives have to say about their businesses, be sure to catch the February 2016 print edition of MReport, where hot topics affecting credit unions will be explored in-depth.
Read More »CFPB’s Authority in Question over Legal Battle
One case in the Consumer Financial Protection Bureau's portfolio has many in the mortgage industry questioning whether or not the organization's power and authority is used unjustly. Unlike other government agencies, the power of the agency is left on one man's shoulders: CFPB Director Richard Cordray.
Read More »Originator Profitability Declines in 2015
Although interest rates have been at historical lows, they are significantly up from 2012 lows. Not only has this caused many eligible refinancers to shy away from the market, but originators' profits are also suffering.
Read More »Virginia Reaches Settlement With 11 Big Banks Over RMBS Fraud Claims
It is now more than seven years since the housing crisis hit, and settlements over claims of residential mortgage-backed securities are still alive and well.
Read More »5 Reasons Homeowners are not Taking Advantage of Refi Opportunities
Low mortgage rates present opportunities for homeowners to refinance their homes, but recent data and analysis shows that they are not taking advantage of billions of dollars in savings.
Read More »Slowdown in Home Prices a Reality
Home prices have been consistently rising for the last few years, but it looks like that slow growth housing market that economists have been predicting for 2016 may have started early.
Read More »The Week Ahead: Will New Home Sales Rise to the Occasion?
Existing-home sales blew the mortgage industry away last week, with the largest month-over-month increase ever as TILA-RESPA Integrated Disclosure (TRID) rule delays finally started to pass. This week, the spotlight will shift to December's new home sales.
Read More »SunTrust’s Mortgage Servicing Income Skyrockets
The Atlanta-based bank is no longer burdened by legal matters and it showed in their 2015 fourth quarter and year-end earnings.
Read More »Here’s Why Renters Will Still Struggle to Buy a Home in 2016
The classic back-and-forth between renting and buying is not expected to cease anytime soon, but there may be a slight improvement in 2016.
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