Category: Top National News

The dollar held close to a three-week low against a basket of major currencies on Monday ahead of this week’s Federal Reserve meeting, as investors bet interest rates would be kept at their record lows until at least December.

USAA Mortgage today announced it is relocating 120 positions in its Addison, Texas office to its offices in Phoenix and Tampa, Fla.

A continued decline in Federal Housing Administration lending to those with less-than-perfect credit has led many, including ourselves, to suspect that the way FHA evaluates lender performance has had at least a partial role in restricting access to mortgages. But FHA’s new “Supplemental Performance Metric” announced recently could open up lending to borrowers with lower credit scores.

A new report from CoreLogic identifies 14 of the top 100 markets in the U.S. as currently overvalued, double the number as of the end of the first quarter.

The Mortgage Bankers Association launched a set of resource guidelines to educate both consumers and lenders and their business partners needing to comply with the new “Know Before You Owe” or TILA/RESPA Integrated Disclosure regulations that will go into effect on Oct. 3.

Everybody knows how important credit scores are to obtaining a home mortgage. But are lenders lately playing a numbers game with consumers -claiming they’re willing to accept lower scores while actually approving applicants with higher scores on average than they did last year or even earlier this year?

A New Orleans lawyer whose mortgage fraud conviction in Las Vegas was overturned because of government misconduct now wants the government to pay his legal fees.

In the seven years since the world’s central banks responded to the financial crisis by slashing interest rates, more than a dozen in advanced economies have tried to move rates back up-but not a single one has been able to keep them there.

Marketing agreements between mortgage lenders and real estate brokerages have been commonplace for years. But federal regulators are cracking down on some of these arrangements as violations of anti-kickback laws, and two major lenders have taken steps to end the practice.

The National Appraisal Volume continued it downward slide into September dropping 2.72% for the week beginning Aug. 30.