The ABA operates as the voice of the nation's $16 trillion banking industry, which is made up of regional and large banks. These banks hold a total of $11 trillion in deposits and extend nearly $8 trillion in loans.
Read More »Expanding Home Equity Boosts Market Health
While many factors contribute to the overall health of the housing market and economy, home equity is providing a major boost to the overall position of U.S. households.
Read More »Call to End GSEs’ FICO-Only Credit Scoring Wins Bipartisan Support
As of now, Fannie Mae and Freddie Mac only consider the FICO credit scoring model when making mortgage purchase decisions.
Read More »Mortech Mortgage Pricing Technologies Now Integrated with Calyx Point
Mortech, a Zillow Group business that offers technology solutions for mortgage bankers and secondary market teams, announced Tuesday that its product and pricing engine (PPE) and secondary marketing solutions are now integrated into Calyx’s Point and PointCentral (Point) loan origination software (LOS).
Read More »Consumers Don’t Understand Mortgage Qualifications
Although credit standards are easing, job markets are improving, and consumers continue to show the desire to own a home, actual homeownership remains at a low level across the nation.
Read More »Risky Business: OCC says Banks Getting Looser with Lending
A survey of 95 national banks and federal savings associations revealed overall on average, those institutions have eased their underwriting standards for the third consecutive year, according to a report from the Office of the Comptroller of the Currency.
Read More »Fannie Mae & Freddie Mac Change Mortgage Mod Rate Again
Just as servicers were adjusting to the lowest ever standard mortgage modification interest rate established in November by Fannie Mae and Freddie Mac, the GSEs opted to raise it back up.
Read More »Are TRID Compliance Violations an Epidemic in Mortgage Industry?
Since the TILA-RESPA Integrated Disclosures (TRID) rule went into effect on October 3, 2015, the mortgage industry has been mostly quiet about its effects—that is until now.
Read More »Here’s What’s in Store for the Mortgage Market in 2016
Although the housing market is expected to see slower growth in 2016, the industry is expected to continue on the path to recovery as the market expands and more households are formed.
Read More »Here are the Best and Worst Housing Markets in America
Housing in some metros over the last four years has recovered more quickly driven by substantial economic growth, while housing has been slow to recover in some metros based on sluggish economic growth.
Read More »