Home Equity Loans
Browse articles from all of our Newsletters related to Home Equity Loans.
December 13, 2013 - Inside FHA Lending
The Department of Housing and Urban Development has released a final rule defining a qualified mortgage that is insured by the FHA. The final rule will be effective on Jan. 10, 2014. The HUD rule builds off the QM/Ability-to-Repay rule, which the Consumer Financial Protection Bureau finalized earlier this year. The Dodd-Frank Act requires HUD to propose a QM definition that is aligned with the ability-to-repay criteria set out in the Truth in Lending Act and with the agencys mission to ...
December 13, 2013 - Inside Nonconforming Markets
The end-of-draw period for home-equity lines-of-credit originated 10 years ago isnt the only concern for banks, according to federal regulators. Fair-lending violations are also a risk in cases where lenders reduced credit limits on HELOCs or suspended the loans due to declines in home prices. Many lenders suspended borrowers HELOCs in recent years or reduced credit limits due to significant declines in home prices, according to the Federal Reserve. The manner in which HELOC accounts ... [Includes one data chart]
November 27, 2013 - Inside FHA Lending
The Department of Housing and Urban Development is considering an industry request to delay the implementation of a proposal requiring FHA lenders to perform a financial assessment of all prospective borrowers of Home Equity Conversion Mortgage loans. In remarks during the National Reverse Mortgage Lenders Associations recent annual meeting in New Orleans, FHA Commissioner Carol Galante said HUD is still studying the comments and will need more time to implement the rule. In September, the FHA published a notice in the Federal Register seeking comment on the financial assessment proposal. The proposal is currently in ...
November 27, 2013 - Inside MBS & ABS
Commercial banks and savings institutions reached a record level of investment in non-mortgage ABS during the third quarter of 2013, according to a new Inside MBS & ABS analysis and ranking. Banks and thrifts held a combined $173.12 billion of non-mortgage ABS as of the end of September, up 4.4 percent from the previous quarter. The industrys aggregate ABS portfolio was up 6.9 percent from the third quarter of last year. Banks and thrifts pushed...[Includes one data chart]
November 15, 2013 - Inside FHA Lending
Ginnie Mae issuers reported a 14.0 percent drop in mortgage-backed securities issuances in the third quarter from the previous quarter as refinance activity declined further and home-purchase lending slowed during the period, according to an Inside FHA Lending analysis of Ginnie Mae data. Despite the quarter-over-quarter drop, Ginnie production rose 11.2 percent in the first nine months of 2013. Volume over this period totaled $313.8 million, of which 60.3 percent were FHA loans, 33.9 percent were VA, and 5.2 percent were rural housing loans. Ginnie MBS issuance dropped gradually ... [2 charts]
November 8, 2013 - Inside Mortgage Trends
Most outstanding adjustable-rate mortgages have already reset, eliminating concerns about payment shock as interest rates increase, according to a new analysis by Lender Processing Services. However, home-equity loan performance is expected to deteriorate. Some 63 percent of outstanding ARMs have reset, according to LPS. And more than 75 percent of the ARMs scheduled to reset were originated after 2008. Were not seeing a significant effect that could cause new problem loans or any resurgence in ...
- GSE Seller Profile: 3Q13
- GSE Repurchase Activity First Half 2013
- Top Mortgage Players: 2Q13
- Mortgage Profitability Report: 2Q13
- GSE Market Profile: FY12
- GSE Private Mortgage Insurance Profile
Most Popular Stories
- Nationstar Selling a Portion of MSR Fee, May Buy Another $200 Billion
- HUD Continues to Push Congress on Forced Transfers of MSRs
- Industry May Try to Roll Back New LLPAs From Fannie and Freddie
- Home-Equity Lending Gains Some Momentum in 2013
- Lenders Hit With Another GSE Surprise: Higher LLPAs for Certain FICOs