News

The housing crisis has been referred to as a “silent” crisis by former HUD Secretary Henry Cisneros and former Senator Scott Brown, both of whom spoke at Friday’s event, because no one wants to talk about it. But when it comes to issues like income inequality, low homeownership rates, and people losing their homes due to foreclosure, why is it not talked about more often in the news and elsewhere?

KBW called the third quarter difficult and estimates mREIT book values will fall 3.5 percent quarter-over-quarter, with more mREITs reporting earning misses than positive results. To make matters worse, KBW noted that “while nearly half the group cut dividends in 3Q we expect management commentary to suggest more cuts ahead.”

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. TILA-RESPA Integrated Disclosure rule compliance is finally here. Pramod Karachur, project manager at IndiSoft, outlines how many, but not all, are adjusting to the new regulation and offers advice to those that are still working toward compliance.

The macroeconomic picture in the U.S. continues to battle economic headwinds—namely a September jobs report that came in below expectations and an appreciating dollar which will pressure the already growing U.S. trade deficit, Fannie Mae said. Yet, housing remains in a fairly positive zone, considering all of the factors weighing it down.

There is a demographic shift happening within the mortgage profession. In an industry that is so male and white-focused, women and minorities are often passed over for well-deserved positions and promotions, but this idea is being reshaped and redefined right before our eyes. This select print feature appears in the October 2015 edition of MReport magazine, available now.

VRM University, the training division of VRM Mortgage Services that provides nationwide training, certification, and continuing education for the mortgage and real estate industries, recently announced the launch of their new Diversity & Inclusion Self-Assessment Tool Kit.

Homeownership is on the minds of most Americans and despite rising prices, they still believe that purchasing a home is a good financial decision.

The Consumer Financial Protection Bureau has announced the finalization of a rule that will improve information about consumers’ access to residential mortgage credit by updating reporting requirements of the Home Mortgage Disclosure Act.

Citigroup Inc., experienced a substantially profitable third quarter and U.S. Bancorp's earnings marginally increased, while Goldman Sachs fell short of expectations.

Home sales in the fall season have cooled down 8.6 percent in September compared to August, but remain 6.8 percent above last years' levels.