Jay Brinkmann, chief economist of the Mortgage Bankers Association (MBA), has announced that he will retire in early 2014.
Read More »CredAbility, ClearPoint Credit Counseling Announce Merger
CredAbility and ClearPoint Credit Counseling Solutions announced Tuesday that they have agreed to merge effective December 31, 2013.
Read More »Agencies, Analysts React to Government Shutdown
Most economists agreed that the broader effects of the shutdown should be minimal, assuming that the shutdown is short-lived.
Read More »HUD Releases Proposed QM Definition
HUD released on Monday a proposal to define the type of qualified mortgage (QM) that would be insured, guaranteed, or administered by the agency. The proposed definition is aligned with the Ability-to-Repay rule laid out in the Truth in Lending Act (TILA) and includes provisions that prohibit loan terms in excess of 30 years and that limit upfront points and fees to no more than 3 percent--making it consistent with the Consumer Financial Protection Bureau's existing QM rule.
Read More »CoreLogic Appoints Managing Director of Information Solutions
CoreLogic has announced the appointment of Olumide Soroye as managing director of Information Solutions.
Read More »Credit Plus Now Offering Employment Verification Services
Credit Plus announced Friday that the company is now a certified reseller of Equifax Verification Services (EVS). EVS offers online employment verification from Equifax's The Work Number database.
Read More »FHFA Launches Campaign for HARP Awareness
The Federal Housing Finance Agency (FHFA) announced the launch of a new nationwide campaign intended to encourage eligible borrowers to contact their lenders about the Home Affordable Refinance Program (HARP). "With the launch of this campaign we look forward to reaching those homeowners who may not know about the program or understand the eligibility criteria to take advantage of today's low interest rates by refinancing through HARP," said FHFA Acting Director Edward DeMarco.
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