Beset by uncertainty in the housing market, the Home Equity Conversion Mortgage Program (HECM) is losing money and cannot continue on in its present form. To make the ...
Read More »AMDC Announces New Leadership
The American Mortgage Diversity Council recently announced co-chair Kathy Cummings to their leadership to continue AMDC’s mission of creating a diverse and inclusive mortgage industry.
Read More »Corralling the Collateral Chaos
Despite the risks that come along with document management, it rarely gets the attention it deserves. In what ways can lenders ensure they aren’t neglecting this integral part of the process?
Read More »Adjusting to Economic Imbalances
As the economic cycle matures, it will become more important to pay attention to imbalances in the economy. We spoke to one expert on what to expect when the supply isn’t meeting demands.
Read More »The Week Ahead: Analyzing the First-Time Buyer Market
Genworth Mortgage Insurance’s Chief Economist talks first-time homebuyer trends. Tune in to the conference call that will be held on Tuesday to discover the key takeaways.
Read More »The GSE Credit Scoring Debate: To Be Continued
Currently, the GSEs use the FICO credit score model, which critics say is outdated and less granular than more recent models, however, FICO begs to differ.
Read More »UPDATE: Harvey Property Destruction Expands Further
Texas Governor Greg Abbott has extended his state disaster declaration to include 20 additional Texas counties in response to the damage caused by Hurricane Harvey, effective August 26. ...
Read More »Attention All HELOC Issuers: Please Report to CFPB
The CFPB announced Thursday that the Home Mortgage Disclosure Act (HMDA), enacted in 1975, has been temporarily changed for banks and credit unions that offer Home Equity Lines of Credit. Take a look at some of the changes that were made in the final ruling.
Read More »Same Story, Different Stats
While “girls rule the world” may be a popular battle cry, the chasm continues. And the newest rift is affecting single women, who amass less home equity than single men, a new study finds. So just how much are women losing out?
Read More »Seniors Overreaching
In a recent brief the Consumer Financial Protection Bureau (CFPB) examined the financial tradeoffs of entering into a reverse mortgage at the age of 62.
Read More »