Prior to the Federal Reserve’s decision to raise mortgage rates, they were already ticking up without any additional help.
Read More »Pending Home Sales Held Back by Scarce Inventory
Buyers that signed contracts to buy existing homes are being stopped by one major problem in the housing market—fewer options in the housing market.
Read More »Mortgage Loan Defects at an All-Time Low
Mortgage loan defects, which can lead to fraudulence and misrepresentation in loan applications, are disappearing in the industry at a rapid pace and are expected to become less prevalent in the future as the housing market normalizes.
Read More »5 Reasons Financial Reporting Problems Persist in the Mortgage Industry
The U.S. Securities and Exchange Commission is cracking down on those involved directly with the financial reporting processes, which is causing a number of issues in the mortgage industry.
Read More »Freddie Mac’s Mortgage Investment Portfolio Changes Course
After months of contraction, mortgage-related investments pick up the pace.
Read More »The Big 3: Tech Changes Innovating the Mortgage Industry
CoreLogic identifies a few of the largest tech changes that the mortgage industry has implemented in their businesses as a result of new regulations like the TILA-RESPA Integrated Disclosure rule and the Home Mortgage Disclosure Act.
Read More »JPMorgan Reaches Billion-Dollar Settlement With Investment Banking Firm
JPMorgan Chase settles with Lehman Brothers Holdings over claims that it drained Lehman of billions of dollars before the investment banking firm’s infamous collapse in 2008.
Read More »What’s Eating Credit Unions?
Northwest Federal Credit Union President and CEO Chris McDonald discuss some of the hot-button issues affecting credit union in today's mortgage industry. Editors Note: If you want to read more about what today’s top credit union executives have to say about their businesses, be sure to catch the February 2016 print edition of MReport, where hot topics affecting credit unions will be explored in-depth.
Read More »Originator Profitability Declines in 2015
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 »SunTrust’s Mortgage Servicing Income Skyrockets
The Atlanta-based bank is no longer burdened by legal matters and it showed in their 2015 fourth quarter and year-end earnings.
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