Kroll Bond Ratings Agency is ready to offer complex ratings to help investors understand the stability of private mortgage insurers.
Read More »Portfolio Lender TD Bank Braces for Lending Growth
During the mortgage crisis, portfolio lenders like TD Bank stood out as financial institutions that embraced the idea of quality underwriting and lending—especially since they kept loans in-house, taking the risk on their own balance sheets.
Read More »Mortgages Lose Out If Borrowers Have to Choose What Type of Debt to Carry
A new article from Credit.com suggests that when given a choice between different types of debt, fewer consumers take out home mortgages and are much more likely to carry other kinds of debt.
Read More »Quicken Credit Box Flies Open: Borrowers With 580 Credit Scores Obtain Home Loans
The tightened credit box routinely blamed for curtailing a full-blown housing recovery turned a corner in the second half of 2015, with Quicken Loans reporting originations to borrowers with credit scores as low as 580.
Read More »Wells Fargo Moves 350 Servicing Employees Out of Charlotte
The restructuring of mortgage servicing shops continues with Wells Fargo confirming Monday that the bank is moving approximately 350 home loan servicing members out of its offices in Charlotte, North Carolina.
Read More »HomePlus Mortgage Ranked First Among LendingTree Customers
When it comes to customer service, responsiveness, mortgage rates and closing costs, HomePlus Mortgage ranked first in a poll of loan customers conducted by online lending marketplace LendingTree.
Read More »Turkey Day Puts Northeast Home Shopping to Sleep, but Pacific Northwest Wakes Up
It seems some Americans see the holiday of thanks as a good chance to get a leg up– no turkey pun intended–on the home market competition.
Read More »National Appraisal Congress Testifies Before the Appraiser Qualifications Board
Members of the National Appraisal Congress, a Five Star Institute Membership Group that advocates and develops sustainable solutions for the residential valuations industry, recently met with members of Congress and appraisal regulators to deliver a comprehensive solution for training the next generation of appraisers while removing existing inefficiencies from the process.
Read More »Mortgage REITs Fail to Catch a Wave
KBW called the third quarter difficult and estimates mREIT book values will fall 3.5 percent quarter-over-quarter, with more mREITs reporting earning misses than positive results. To make matters worse, KBW noted that “while nearly half the group cut dividends in 3Q we expect management commentary to suggest more cuts ahead.”
Read More »Fannie Mae: Promising Signs in Housing Despite Economic Headwinds
The macroeconomic picture in the U.S. continues to battle economic headwinds—namely a September jobs report that came in below expectations and an appreciating dollar which will pressure the already growing U.S. trade deficit, Fannie Mae said. Yet, housing remains in a fairly positive zone, considering all of the factors weighing it down.
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