Home >> Tag Archives: Veterans Affairs

Tag Archives: Veterans Affairs

Overcoming Housing Affordability Hurdles

Cake Mortgage CEO David Abelyan shares his perspective on what needs to be done in the market to help alleviate the affordability issue, and what products are ideal to assist first-time buyers.  

Read More »

On the Homefront

In Part One of this two-part series, the October issue explored Caliber Home Loans’ move to hire more military veterans. In Part Two, Caliber emphasizes education and dispels outdated beliefs to help veterans and military families find a home. Editor's note: This story was originally featured in the December issue of MReport, out now.

Read More »

Mortgage Apps Slip on Slight Rate Increase

Total mortgage application volume, including both purchase loans and refinances, dipped a seasonally adjusted 0.9 percent for the week ending November 7, according to the Mortgage Bankers Association (MBA).

Read More »

Mortgage Credit Access Increases in June

The Mortgage Bankers Association (MBA) reported Tuesday a 0.6 percent increase in its Mortgage Credit Availability Index (MCAI) from May to June, putting the index at 115.8. The group links the increase in the headline index to "a slight net loosening in lender criteria regarding Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) loans with respect to minimum credit scores and maximum loan-to-value (LTV) ratios."

Read More »

JPMorgan to Pay $614M Over False Claims

The Justice Department and JPMorgan both announced Tuesday that the bank will pay $614 million in restitution for violations of the False Claims Act. The government claims that starting as early as 2002, the firm knowingly originated and underwrote non-compliant loans submitted for insurance coverage and guarantees by the Federal Housing Administration (FHA) and the Department of Veterans Affairs (VA). As a consequence, the DoJ says FHA and VA ""incurred substantial losses when unqualified loans failed.""

Read More »

Report: Ability-to-Repay, QM Requirements are ‘Good Business’

Today's resilient capital market has the capacity to adapt readily to the pending ability-to-repay and qualified mortgage (QM) rules set to take effect January 10, 2014, according to a white paper CoreLogic released Friday. In its analysis, CoreLogic offers general support for the rules and suggests the industry will continue to prosper--albeit with more caution than in the years leading up to the housing crisis. "Making sure a borrower has the ability to repay is good business," the company said.

Read More »

Origination Volume Climbs 30 Percent in 2012

Mortgage origination volume continued to climb in 2012, according to data from Mortgage Daily's 2012 Mortgage Lender Ranking. According to data collected from surveys, earnings filings, and other public disclosures, loan volume across all lending firms grew 30 percent annually in 2012. In the fourth quarter alone, Mortgage Daily reports residential originations coming in around 3 percent above third-quarter volume. Year-over-year, Q4 saw mortgage production grow 17 percent.

Read More »