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Byline: Jacob Passy The Department of Housing and Urban Development has charged Bank of America with discriminating against prospective Hispanic mortgage borrowers at a branch in Charleston, S.C. The charges [...]

Byline: Jacob Passy This fall, a Massachusetts lender closed on a fully paperless mortgage. The work that led to this rare achievement captures the difficulties originators still face in digitizing [...]

Byline: Jacob Passy Fifth Third Bancorp in Cincinnati has expanded its community development pledge to $30 billion. The updated plan, announced Friday, adds to the $27.5 billion in commitments that [...]

Byline: Bonnie Sinnock, Jacob Passy Any plans President-elect Donald Trump may have for tax reform don't include cutting the mortgage interest deduction, according to a member of Trump's economic advisory [...]

Byline: Jacob Passy Regions Financial in Birmingham, Ala., has agreed to pay $52.4 million to settle allegations that it violated the False Claims Act by originating and underwriting mortgages that [...]

Byline: Jacob Passy The monitor of the Bank of America Mortgage Settlement distributed roughly $89 million Tuesday to legal assistance groups in nine states from a fund for federal tax [...]

Byline: Jacob Passy Sage Bank in Lowell, Mass., has agreed to pay about $1.2 million to settle Justice Department allegations of discrimination against minorities in mortgage lending. The $165 million-asset [...]

Byline: Jacob Passy Bank of the West has reached an agreement to become the official bank of its neighbor across San Francisco Bay, the University of California, Berkeley. The $72.5 [...]

Byline: Jacob Passy Walter Investment Management in Tampa, Fla., said its second-quarter loss widened, as it recorded a goodwill impairment charge in its reverse mortgage division. The company reported a [...]

Byline: Jacob Passy Mortgage default rates remained largely unchanged in February amidst mixed results nationwide, according to data released by S&P Dow Jones Indices and Experian. The S&P/Experian Consumer Credit [...]

An interview with Ted Tozer, president of Government National Mortgage Association or Ginnie Mae, days before he stepped down is presented. Topics include his accomplishments at Ginnie Mae, the challenges facing the mortgage industry and the agency, and the state of mortgage servicing rights financing. He also pointed out the lessons he learned about housing policy from U.S. President Barack Obama's administration.

The article provides an update on Social Finance, or SoFi the online lender that made its name refinancing student loans for high-earning millennials, as of January 2017. Topics include the mortgage license in New York obtained by company, the company's monthly originations of home loans which surpassed 100 million U.S. dollars in December 2016, and SoFi's plan to seek growth in mortgages partly by entering new markets and its plan to continue to roll out a state licensing strategy.

The article reports on the increase in loan modifications for those who are struggling in their mortgage payments under the U.S. government's Home Affordable Mortgage Program.

The article discusses the court rulings of two judges from New York and Florida which affirmed the role of lenders in enforcing electronically signed and transferred notes. Topics covered include the benefits of using electronic mortgage technology, the concerns of lenders in leveraging paperless mortgages, and the emergence of electronic disclosure or e-disclosure and electronic notes or e-notes in the mortgage industry.

The article discusses how the origination volume in the mortgage insurance market is affecting private mortgage insurers (MIs) and underwriters in the U.S. Topics covered include the need to reduce the number of underwriters according to chief executive officer (CEO) Patrick Sinks of MGIC Investment Corp., the possible mergers of companies in the MI space, and the noted impact of the housing crisis to the mortgage business in the U.S.

Ninety-two percent of homebuyers are reviewing their mortgage documents before closing on the loan since the Truth-in-Lending Act/Real Estate Settlement Procedures Act integrated disclosures, or TRID, went into effect in October, versus 74% previously, a survey by the American Land Title Association found. [ABSTRACT FROM AUTHOR]

The article reports that credit risk loosening are needed for some communities, according to Pro Teck Valuation Services. Topics discussed include Comptroller of the Currency Thomas Curry who argued that banks are to make mortgages that exceed the limits on loan-to-value ratios; home prices that have risen; and less dependence on credit that makes for easier credit and greater demand.

The article discusses a March 2015 National Foreclosure Report released by financial services firm CoreLogic, which revealed a fall in the foreclosure inventory in 2015. Topics discussed include the year-over-year decline in the loans in foreclosure, views of Anand Nallathambi, president of CoreLogic, on the issue, and the number of completed foreclosures possessed by Florida in March 2015.

The article reports on license surrendered to originate loans in Georgia by the financial service provider Cornerstone Home Lending due to repeated violations of the Georgia Residential Mortgage Act. Topics discussed include Cornerstone to pay state banking department and to State Regulatory Registry for the violations, and closure of branch office in Georgia in 2014 according to the firm's lending director of marketing Jennifer Weber.

The article reports on the issuance of settlement agreement and consent order by the Multi-State Mortgage Committee between 43 state mortgage regulators and mortgage lender NewDay Financial in the U.S. It mentions that order has stemmed from the allegations of rampant cheating on mortgage licensing examinations by employees of the company. It also informs about the acquisition of education vendor Abacus Mortgage Training and Education by mortgage lender.

The article reports that U.S Senators Joe Donnelly, Pat Toomey and Joe Manchin, have introduced the Preserving Access to Manufactured Housing Act that would made changes to federal regulations to secure financing to purchase manufactured housing. Topics discussed include release of the guideline by the Consumer Financial Protection Bureau, increase in lenders liabilities because of high cost mortgages and conditions to classify a mortgage high class.

MountainView Servicing Group, a residential mortgage servicing rights sales and valuation advisor, is brokering the sale of a multibillion-dollar Freddie Mac and Fannie Mae mortgage servicing rights portfolio. [ABSTRACT FROM AUTHOR]

Mortgage credit availability went up yet again in February amidst an expansion in access to government loans. [ABSTRACT FROM AUTHOR]

The monthly prepayment rate declined in January, an indication of the effects of higher interest rates. [ABSTRACT FROM AUTHOR]

Zeus Mortgage in Houston is positioning its new online crowdfunding platform as an alternative to traditional mortgages for property buyers and others having trouble borrowing to remodel homes or fund construction projects. [ABSTRACT FROM AUTHOR]

The article reports on the decline of completed foreclosures in December 2016 as compared to December 2015 in the year-on-year (YOY) data from CoreLogic along with the decreased number of mortgages in serious delinquency as well as mortgaged properties while rates of serious delinquency are higher in North Dakota, Louisiana and Wyoming.

The article reports on a note released by Morningstar Credit Ratings which states that mortgages in the nonagency category will post significant reduction in prepayments without refinancing incentives as a result of higher interest rates and mentions residential mortgage-backed securities.

Despite a jump in mortgage origination activity, Flagstar Bancorp reported lower fourth-quarter profits thanks to an uptick in expenses. [ABSTRACT FROM AUTHOR]

The article presents information on the concept of digital mortgage and its impact on the financial services industry in the U.S.

Homeowners in predominantly black and Hispanic neighborhoods are more likely than their counterparts in predominantly white neighborhoods to be underwater on their mortgages, according to a report from Zillow. [ABSTRACT FROM AUTHOR]

Refinance volume rose among millennial borrowers in November, reflecting a nationwide trend, according to Ellie Mae. [ABSTRACT FROM AUTHOR]

The article reports on the 30-year fixed mortgage interest rates which dropped for the first time since the U.S. presidential election in the first week of 2017, according to the Primary Mortgage Market survey by government-sponsored enterprise (GSE) Freddie Mac.

The article reveals the growth in mortgage credit availability in the U.S. for the fourth consecutive month in December 2016, according to a report from the Mortgage Bankers Association.

Origin Bank in Addison, Texas, has begun offering warehouse financing for electronic mortgages. [ABSTRACT FROM AUTHOR]

The article reports on the expected decline in delinquent mortgages which accompany higher debt levels in 2017, according to credit information provider TransUnion.

The article reports on the launch by Nationstar Mortgage Holdings of a new website and mobile application in 2016 which include educational content and modules regarding mortgage payments.

The article reports on the expansion of mortgage credit availability in the U.S. for the third consecutive month in November 2016, according to the Mortgage Bankers Association.

The article highlights BlackKnight Financial Services' monthly Mortgage Monitor report in December 2016 which showed that the number of borrowers who are able to refinance a loan has been cut by more than half as a result of the post-election rise in interest rates in the U.S.

The article reports on the effort of PlainsCapital Corp. subsidiary PrimeLending to expand its closing cost assistance program NeighborhoodEdge for homebuyers to all U.S. states and the District of Columbia as of December 2016.

Freddie Mac has published a list of companies that meet its requirements regarding the creation, signing and storage of electronic promissory notes. [ABSTRACT FROM AUTHOR]

The article reports on the response of the mortgage industry to the decision of the U.S. Federal Housing Finance Agency (FHFA) to increase conforming loan limits in 2017. Topics explored include the mortgages covered by this increase, remarks from Mortgage Bankers Association (MBA) chief executive officer (CEO) David Stevens regarding the reflection of this decision on the economy, and the possible increase in mortgage originations which may be attributed to a higher conforming loan limit.

While the rate of homeowners who owed more on their home than what it is worth decreased nationwide, there were 17 neighborhoods with a large percentage of underwater homeowners. [ABSTRACT FROM AUTHOR]

The article discusses the potential impact of the 2016 U.S. Presidential Elections to the 2017 mortgage volume in the U.S. Topics covered include the possible effects of increased interest rates according to the Mortgage Bankers Association (MBA), the potential effect of the victory of U.S. President-elect Donald Trump on U.S. Treasury rates, and the potential impact of the predicted increase in home equity loan demand to home prices and refinancing activity.

San Francisco has the highest level of "mortgage stress" of the top 100 largest cities in the United States by population, according to Finder.com. [ABSTRACT FROM AUTHOR]

The article reports on the increase in the number of individuals holding state mortgage licenses in the U.S. in 2016, according to the Nationwide Multistate Licensing System.

The National Association of Hispanic Real Estate Professionals has created a glossary that provides Spanish translations of terms used by the real estate and mortgage industries. [ABSTRACT FROM AUTHOR]

The article discusses the U.S. Treasury Department report indicating that the introduction of the Streamline Home Affordable Mortgage Program has helped increase activity under the Making Home Affordable program in the second quarter of 2016.

The article reports on the decline of mortgage credit availability in the U.S. in August 2016, according to the Mortgage Bankers Association.

The article presents the 2016 report from the Federal Housing Finance Agency (FHFA) which noted that interest rates for conventional purchase mortgages decline month-over-month in July 2016.