Category: Top National News

Fox47News (Detroit), Mar. 10, 2017–Jim KiertznerQuicken Loans CEO Bill Emerson is firing back at the feds who allege Quicken Loans knowingly violated FHA rules when it made bad loans from 2007 to 2011. Quicken has scored two victories – getting the case moved from Washington, DC to its hometown, Detroit, and getting a judge Thursday to dismiss part of the federal case.

Mortgage Daily, Mar. 10, 2017A sharp week-over-week increase in new purchase financing activity drove overall mortgage business higher this past week. But jumbo activity turned significantly lower.

Mortgage Daily, Mar. 10, 2017It’s been almost a year since securitizations at Ginnie Mae were as slow as they were last month.

Mortgage Daily, Mar. 10, 2017Alpine Bank & Trust Co., Rockford, Ill., settled allegations of racial discrimination against people who applied for residential loans.

UExpress, Mar. 10, 2017–Lew SichelmanFloor plans, or the far more detailed drawings called blueprints, have a language all their own.

The Home Story (Fannie Mae), Mar. 8, 2017–Cathie Ericson”Listen to your own voice and do not dismiss your thoughts,” says Marcia Davies, COO of the Mortgage Bankers Association.

Washington Post, Mar. 9, 2017–Kathy OrtonThe Mortgage Bankers Association released its mortgage credit availability index this week that showed credit availability increased in February. The MCAI rose 0.4 percent to 177.8 last month. A decline in the MCAI indicates that lending standards are tightening, while an increase signals they are loosening.

HousingWire, Mar. 9, 2017–Brena SwansonSoFi, loanDepot and Quicken Loans sit in a small cohort of lenders known for pushing the envelopment in the mortgage industry and spurring innovation.

Wall Street Journal, Mar. 9, 2017–Rachel Witkowski (subscription)What to do about extending the National Flood Insurance Program divides Congress along regional rather than party lines.

National Mortgage Professional, Mar. 8, 2017–Phil HallAccording to the newly released 2017 Borrower Insights Survey from Ellie Mae, 57 percent of homeowners applied for and completed their latest mortgage completely in-person with their lender,