Fannie Mae announced the execution of its fourth Credit Insurance Risk Transfer (CIRT) transaction of 2022. Dropping nearly 12% from the first transaction of $26 billion executed in February, Fannie Mae will retain risk for the first 45 basis points ...
Read More »Southern States Lead Delinquency Drops
According to new data, 2 million homeowners are either past due on their mortgage loans or in some stage of foreclosure. Click through to read more.
Read More »More than $400M Refunded to Veterans
A new report says tens of thousands of vets were improperly charged extra fees when applying for their loans.
Read More »Equifax and FICO Partnership: Industry Impact
Earlier this year, Equifax and FICO announced a partnership, pooling their collective consumer financial data. Here's how that partnership may affect banks, lenders, and lending practices.
Read More »Britain’s Barclays Returning to U.S. Mortgage-Backed Securities Market
A decade after bonds tied to U.S. home loans contributed to the financial crisis, British investment bank and financial services company Barclays is returning to the residential mortgage-backed securities market, Reuters reports. Many banks retreated from selling and trading portions ...
Read More »HUD Secretary Benjamin Carson Responds to DACA Mortgage Questions
During a hearing before the House Committee on Appropriations to present HUD's budget plans, HUD Secretary Ben Carson addressed DACA FHA loan concerns and more.
Read More »A Volatile Q4 for Big Banks
Here’s a break down of how JPMorgan Chase and Wells Fargo performed in housing finance during the fourth quarter.
Read More »Caliber Announces Top Management Changes
In a top management shake-up, the Coppell, Texas-based Caliber Home Loans announced that it had appointed Jordan Licht as COO, Production and Danny Horanyi as Head of Non-agency Lending.
Read More »Northpointe Bank Appoints Derek Delange as VP, Loan Systems
Northpointe Bank has announced the appointment of Derek DeLange as VP of Loan Systems. In his new role, DeLange will be is responsible for maximizing the efficiency and quality of business operations and information services that utilize mortgage technology. ...
Read More »Number of Paid Off Homes Fall in Colorado
According to the Colorado Division of Housing, the number of home loans paid off in Colorado fell 49 percent from the first quarter of 2013 to the first quarter of 2014. The report found that approximately 50,000 deeds of trust were released during Q1 2014, the lowest quarterly total recorded in any quarter since the division began collecting data in 2008.
Read More »