Government

With months to go before the implementation of the Consumer Financial Protection Bureau's (CFPB) qualified mortgage (QM) rules, the agency released several finalized amendments and clarifications created to ease the process.

The debate over TARP is only one of several five-year anniversaries we mark this month, all related to the mortgage meltdown.

Tennessee's Acopia Home Loans announced the publishing of its lending library through AllRegs.

First-time claims for unemployment insurance for the week ending September 7 plunged 31,000 to 292,000, the lowest level since March 2006, the Labor Department reported Thursday. Economists expected the number of claims to edge up to 330,000 from the 323,000 originally reported for the week ending August 31. The number of filings for that week was unchanged.

LenderLive Appoints VP for GuardianDocs Division In Colorado, LenderLive Network, Inc., appointed Bob Crittenden as VP of sales for its GuardianDocs division.

Genworth U.S. Mortgage Insurance (USMI) and the Mortgage Bankers Association (MBA) announced Tuesday that a redesigned training curriculum for CampusMBA's CRU Specialist Designation will soon be available.

The number of mortgaged residential properties with negative equity fell more than five percentage points throughout the year's second quarter, CoreLogic reported Tuesday. According to the company's analysis, approximately 2.5 million residential properties returned to a state of positive equity last quarter, bringing the total number to 41.5 million. Meanwhile, 7.1 million homes--or 14.5 percent of all residential properties with a mortgage--were still in negative equity.

loanDepot.com, LLC and imortgage.com, Inc., have entered into a definitive agreement to combine, creating the nation's third-largest private, independent retail mortgage lender.

James B. Lockhart III, vice chairman of WL Ross & Co. and former director of the Federal Housing Finance Agency, addressed a packed house at the inaugural Investment Symposium at the 10th Annual Five Star Conference and Expo. Lockhart's speech wound through many of today's biggest topics, including the current movement to dissolve the GSEs. He also praised Federal Reserve chair Ben Bernanke's leadership during the crisis, saying Bernanke's efforts to move the economy have been largely successful.

Having been approved in August, Norcom Mortgage's Fairfield, Connecticut, branch is open for business, the company announced. The Fairfield branch will take direction from Manny Gomes, a resident of the area since graduating from Southern Connecticut State University in 2006.