News

Following recent volatile stock market reports, the Global Economic Outlook from Fitch Ratings forecasts that the global economy will grow by 2.3 percent in 2015, the weakest growth recorded since the global financial crisis in 2009.

The House of Representatives will vote next week on a bill that will provide a hold harmless grace period for the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure Rule, which is set to go into effect October 3.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s finally here. After nearly two full years of intense discussion and preparation, the Consumer Financial Protection Bureau’s TILA-RESPA Integrated Mortgage Disclosures rule has taken the mortgage industry by storm. Nancy Tarr, VP of national escrow operations at First American Title Insurance Corp., provides a checklist of questions that lenders should ask settlement providers while navigating this new process.

The lower-than-expected labor market gains for September brought the average monthly job growth for the year down below 200,000, which could possibly slow down the heretofore robust activity for the housing industry so far in 2015.

Amid all the consternation about the looming TILA-RESPA Integrated Disclosure Rule effective date of October 3, one analyst believes that the biggest unknown about TRID is just that—unknown.

Small, community banks require more regulatory relief, especially those that hold mortgage originations, so what can be done to reduce this burden?

The Office of the Inspector General of HUD found that loanDepot, LLC, originated loans using ineligible downpayment assistance gifts out of HUD Federal H0using Administration requirements, according to a recent audit.

The U.S. Census Bureau reported Thursday that residential construction spending increased 0.7 percent in August to an estimated seasonally adjusted annual rate of $1,086.2 billion from the upwardly revised estimate of $1,079.1 billion in July.

First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions, recently expanded their ability to license its comprehensive real estate data that includes 99.9 percent of U.S. housing stock and includes more than 5.5 billion recorded document images.

DocMagic, a provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, recently announced that PHH Mortgage has signed a multi-year lease to use its products to further enhance TILA-RESPA Integrated Disclosure rule compliance capabilities.