Category: News and Trends

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,122 on each loan they originated in the second quarter, up from a reported gain of $224 per loan in the first quarter, the Mortgage Bankers Association reported yesterday in its Quarterly Mortgage Bankers Performance Report.

HUD on Tuesday said it will raise upfront fees and tighten distribution limits of its Home Equity Conversion Mortgage Program.

Lien and judgment data are important, because it reflects on a borrower’s character as well as his or her propensity and ability to pay. If that’s true, then why aren’t the bureaus reporting that data anymore?

Hurricane Harvey has been downgraded to a tropical depression, but Texas commercial real estate will feel the storm’s effects for a long time to come, analysts say.

Frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications were unchanged in July after seven consecutive monthly increases, said First American Financial Corp., Santa Ana, Calif., suggesting such defects could be at a “turning point.”

Lien and judgment data are important, because it reflects on a borrower’s character as well as his or her propensity and ability to pay. If that’s true, then why aren’t the bureaus reporting that data anymore?

Lien and judgment data are important, because it reflects on a borrower’s character as well as his or her propensity and ability to pay. If that’s true, then why aren’t the bureaus reporting that data anymore?

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.