Industry groups view recently-issued temporary guidelines for approving condominium projects for FHA finance as limited but positive, with the hope that other issues can be addressed in a more comprehensive rulemaking. Announced on Nov. 13, the interim guidelines took effect immediately and will remain for one year to give FHA sufficient time to implement more comprehensive condo rule changes. They include certain changes to the current lengthy and complex ...

As the housing market witnessed its best year yet in terms of recovering from the financial crisis, reports are pointing to continued progress in 2016, albeit at a slower pace. Pent-up demand coupled with sustained job growth and rising home values encouraged homeowners to put their homes on the market, a trend that Lawrence Yun, chief economist at the National Association of Realtors, said he expects to continue into 2016. “Sales activity in 2016 will once again be ...

The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…

Donatacci helped steer Clayton from survival mode during the financial crisis to solid profitability before the due diligence vendor was sold to Radian Group for $305 million in 2014.

In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...

A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.

If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.

Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.

In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.

A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.