Headlines

Morningstar Credit Ratings, LLC recently assigned its ‘MOR RV1’ residential vendor ranking to eMortgage Logic, LLC, according to an announcement from Morningstar.

Moody's Investors Service on Thursday announced the upgrading of 11 tranches from 3 transactions backed by conforming balance residential mortgage-backed securities issued by Fannie Mae and Freddie Mac totaling about $1 billion.

The number of federally insured credit unions dropped in the second quarter, but the National Credit Union Administration reported Thursday that total loan growth was positive. Total loans at federally insured credit unions reached $745.2 billion in the second quarter of 2015, an increase of 3.2 percent from the previous quarter and 10.6 percent from last year.

Ohio-based Safeguard Properties, the largest mortgage field services company in the nation, has announced the appointment of Pat Hoffman as assistant VP of operations.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s official! The TRID rule goes into effect one month from today. Are you prepared? John Vong of ComplianceEase and Jonathan Kunkle of GuardianDocs weigh-in on the upcoming TRID implementation date and what companies can do to ensure their technology is ready.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This article features Mark McElroy, president and CEO of Pavaso, Inc., advising lenders to be innovative in their business practices to serve today's consumers.

The Federal Reserve reported in its August 2015 Beige Book released Wednesday that economic activity continued to expand across most regions and sectors, while the majority of reports on residential real estate markets across the 12 Fed districts were positive.

U.S. banking institutions that are insured by the Federal Deposit Insurance Corp. (FDIC) earned an aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion from a year ago, the FDIC announced in their Quarterly Banking Profile released Wednesday. The $43.0 billion second quarter profits, the highest quarterly income on record, was mostly driven by a $3.6 billion rise in net operating revenue, the FDIC said.

Low mortgage rates and stronger consumer confidence are driving home sales and home prices upward, according to CoreLogic's July 2015 Home Price Index Report.

Getting a mortgage has been progressively getting easier since 2012, however the first few months of this year indicate that credit is tightening and obtaining a mortgage is no easier than it was a year ago.