The judgment preserves all but one portion of the original $98 million jury verdict in the case against BBVA Compass for fraud during loan renewal and modification negotiations with a developer.
Read More »How Technology Decreases Defect Risk
The defect risk for purchase transactions is dropping, according to a report. What role has mortgage technology played to decrease risks related to defects in a mortgage?
Read More »The Dual Headwinds of the Mortgage Market
While weaker affordability has been the focus of the housing market in the first half of 2018, according to Freddie Mac, these factors are likely to keep total mortgage loan originations slightly down this year.
Read More »Mortgage Rate Movement Impacts Apps
After holding steady, mortgage rates rose last week, impacting mortgage loan applications. Here’s how the apps performed during the week.
Read More »First-time Homebuyers Remain Unfazed by Rising Rates
An industry survey reveals that while first-time homebuyers will persevere through interest rate hikes this year, another factor would prove a bigger headwind for them. What will impact the best laid plans of first-time buyers?
Read More »Lenders Remain Bearish on Profit Margins
Tight inventory and rising home prices are impacting not only mortgage demand, but also lenders' outlook on profit margins, according to a Fannie Mae survey. Here are the factors that are making lenders see red.
Read More »What is the Biggest Impediment for Borrowers?
A recent report looked at some of the key challenges faced by borrowers and the role of private mortgage insurance in helping them. Here’s what it found.
Read More »Ginnie Mae Announces Changes to VA Refis
The new changes announced by Ginnie Mae are meant to protect veterans from predatory loan practices and ensure fair lending.
Read More »Mortgage Loan Applications Lose Momentum
Applications for mortgage loans declined last week even though mortgage rates remained stable. Here’s a breakdown of how various loan applications performed during the week.
Read More »Refi Volumes Decline at the GSEs
As mortgage rates rose, the refinance volume at Fannie and Freddie decreased in the first quarter according to an FHFA report. How did the decline impact HARP loans?
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