News

Lawsuits filed by the Federal Deposit Insurance Corp., accusing Deutsche Bank, Goldman Sachs, and the Royal Bank of Scotland of fraud with regards to $840 million worth of mortgage-backed securities have been revived by the 5th U.S. Circuit Court of Appeals in New Orleans.

Home prices rose in almost all metro areas in the U.S. mostly due to the increase in home sales, according to the latest quarterly report by the National Association of Realtors.

Monitor of the National Mortgage Settlement, Joseph A. Smith, Jr. concluded his investigation of Ocwen Financial's Internal Review Group with the determination that issues surrounding the Atlanta-based servicer's IRG have been "sufficiently addressed," according to an announcement from Smith's office.

Quicken Loans reported on Tuesday that the gap between homeowner estimates and appraiser opinions of value in July was nearly double the gap between these values in May.

Credit unions' market share of mortgage originations are experiencing a growth spurt in comparison to other financial institutions. TransUnion research released Tuesday found that credit unions' share of all mortgage originations has increased from 7 percent in Q1 2013 to 11 percent in Q1 2015.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This piece features Brad Schaltenbrand, director with Navigant’s Financial Services Practice, discussing a few TRID-related concerns among lenders and some viable solutions to these issues.

The Urban Institute addressed the looming questions surrounding the housing market health in a report released Monday, determining that no single indicator can gauge market health and the market is nowhere near 2001 levels.

HUD's Mortgagee Review Board announced settlement agreements of two Texas mortgage lenders on Monday, following allegations that they were allegedly in violation with the Federal Housing Administration rules.

With no fundamental changes to the origination process in decades, the lost efficiency, increasing costs and decreasing profits, combined with ever-merging regulatory hurdles, have left a gap in the mortgage industry to be filled by "disruptors."

Auction.com, LLC has revised its July Real Estate Nowcast downward. According to Auction.com, existing home sales in July are now projected to fall between seasonally adjusted annual rates of 5.39 and 5.75 million annual sales with a targeted number of 5.57 million.