Fannie Mae and Freddie Mac recently issued new updates to rules related to mortgage repurchases that will provide clarity and transparency to lenders and more credit access to borrowers.
Read More »Interest Rates Continue to Drop Following Disappointing Jobs Report
Mortgage interest rates fell to 3.76 percent for the week ending October 8, 2015, after a weak September jobs report.
Read More »Home Prices Not Sole Factor in Determining Affordability
Home prices are not the only determining factor when looking at affordable living options. In fact, markets with cheapest homes are not necessarily always the most affordable.
Read More »CFPB Says Marketing Services Agreements Undermine Consumer Kickback Protections
The Consumer Financial Protection Bureau issued a bulletin to the mortgage industry Thursday concerning marketing services agreements, finding these agreements undermine consumer protection against kickbacks.
Read More »Fannie Mae & Freddie Mac Offers Informal Grace Period to Industry
Fannie Mae and Freddie Mac are offering lenders and servicers an informal hold harmless grace period for the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure Rule.
Read More »House Passes TRID Grace Period Bill
The House of Representatives voted Wednesday to pass a bipartisan bill (303-121) that will provide a hold harmless grace period for the Consumer Financial Protection Bureau's TILA-RESPA Integrated Disclosure Rule, which went into effect October 3.
Read More »CFPB May Allow Consumers to Bring About Class Action Lawsuits
The Consumer Financial Protection Bureau announced on Wednesday it is considering proposing rules that will make consumer financial companies more accountable to the customers they serve.
Read More »Moving Out of the Comfort Zone to Build a New Bottom Line
Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This piece features John Vella, chief revenue officer of Altisource Portfolio Solutions, discussing how the residential property market is recovering–but at the same time, it’s experiencing a shrinking pool of the refinancing and distressed opportunities.
Read More »Consumer Confidence in Housing Market Edges Up
Consumer confidence in the housing market rose in September nearly to its record high, driven mostly by positive sellers' attitudes and home price strength.
Read More »Mortgage Applications Jump 25 Percent Prior to TRID Implementation
Mortgage applications experienced a dramatic increase this week just before the TILA-RESPA Integrated Disclosed Rule was put into effect on October 3rd.
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