Job gains fell below expectations for the month of August, totaling less than 200,000, but wage growth finally began to show some upward pressure. However, analysts are still divided on whether it will be enough to convince the Federal Reserve to raise interest rates in their September meeting.
Read More »Morningstar Assigns Asset Valuation Vendor Ranking to eMortgage Logic
Morningstar Credit Ratings, LLC recently assigned its ‘MOR RV1’ residential vendor ranking to eMortgage Logic, LLC, according to an announcement from Morningstar.
Read More »TILA-RESPA Compliance Not Met on 23 Percent of Loans
Compliance defects on closed mortgage loans are already a costly problem for lenders, but with the new TILA-RESPA Integrated Disclosure rules just one month away, lenders can expect to face even more risks and costs.
Read More »Fannie Mae & Freddie Mac RMBS Upgraded by Moody’s
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.
Read More »Wells Fargo, BofA, & Citigroup Predatory Mortgage Lending Lawsuits Revived
The 11th U.S. Circuit Court of Appeals recently revived three lawsuits the were brought about by the City of Miami, accusing Wells Fargo & Co, Bank of America Corp., and Citigroup of discriminatory and predatory mortgage lending practices to minority borrowers.
Read More »Credit Union Loan Growth Totals $745.2 Billion in Q2
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.
Read More »Safeguard Properties Appoints VP of Operations
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.
Read More »TRID: One Month Away, Are You Prepared?
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.
Read More »Diverging from the Herd: Why Lenders Must Innovate Before it’s Too Late
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.
Read More »Mortgage Originations Expected to Decline in 2014, CoreLogic Estimates
Mortgage originations are expected to decrease by 30 percent in 2014, due to a decline in refinance activity, according to estimates from CoreLogic.
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