In a random sample of mortgages, the most common significant defect was misrepresentation of occupancy. In a targeted sample, it was undisclosed liabilities.

While FICO and VantageScore debate whose new credit score model performs best, industry insiders say the transition to new scoring models may take years.

In May, the combined retained mortgage portfolios of Fannie Mae and Freddie Mac saw their first monthly decline in more than a year.

JPMorgan Chase and Goldman Sachs, already prolific issuers of non-agency MBS, have further broadened their issuance mix.

The Supreme Court of Maryland ruled passive trusts that hold mortgages don’t need to obtain a mortgage license.

Home sales in June jumped 9.2% from May even as housing inventory growth stalled.

Home prices declined slightly on a monthly basis in April. But home price appreciation is expected to pick up on an annual basis.

VA’s Loan Guaranty Service believes lack of information is the biggest barrier for veterans and active-duty servicemembers seeking homeownership.

HUD plans to consolidate Kansas offices; USDA seeks to expand multifamily direct lending; MISMO releases data mapping for VA forms.

United Wholesale Mortgage joins a growing list of lenders offering a specialized mortgage product to medical professionals.