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 »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.
Read More »Existing-Home Sales Bounce Back From TRID Delays
After suffering a major drop in November 2015, existing-home sales turned the tables back toward favor with the largest monthly increase ever recorded in December.
Read More »Mortgage Rates Creep Even Lower Among Global Concerns
Mortgage rates have only headed one direction since the Fed's decision in December to raise rates by 0.25 percent. Freddie Mac says the falling rates reflect the tumultuous global economy and weak inflation.
Read More »Here are the Top 5 Issues Lenders are Facing With Loan Officer Compensation
As lenders gear up to attract new loan officers (LO), many have them are requesting unique or complex compensation plans. The real challenge lenders face is adapting their compensation plans to these requests, while complying with Consumer Financial Protection Bureau (CFPB) standards.
Read More »FDIC Issues Interim 18-Month Exam Cycle Rule for Small Banks
In an effort to help community banks and thrifts with their examination timelines, the Federal Deposit Insurance Corp., (FDIC) has approved an interim final rule to allow more established small institutions to qualify for the the 18-month exam cycle.
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