The Consumer Financial Protection Bureau’s amended final rule on ability to repay and qualified mortgages may have justifiable reasons but it is very complicated and difficult to implement, and likely to have unintended consequences, according to industry attorneys. Notwithstanding recent amendments to address concerns raised by the mortgage industry, the rule continues to pose challenges to lenders and attorneys in various areas. There are problems in the rule’s content and requirements as well as in developing policies and procedures to support it and the software to implement it, attorneys said. “We’re talking...

Analysts are now suggesting that higher interest rates along with rising home prices will constrain housing affordability.

Fannie Mae has yet to implement a red flag system to identify trends and data anomalies for servicer reimbursements, according to a new report from the FHFA Inspector General.

If FHFA lowers the Fannie Mae/Freddie Mac loan limit, will that business shift over to the FHA?

Although the largest minority groups still had higher denial rates, there were bigger-than-average increases in refi activity among black and Hispanic borrowers.

Charges paid by the seller for certain items are included in points and fees, such as a title insurance fee paid to an affiliate of a creditor.

Brokers and others who do business with Nationstar Mortgage said they’ve been hearing stories about two-week delays on funds being delivered. Meanwhile, FHA has run out of multifamily money.

The top 20 bank and thrift mortgage servicers all reported increases in their MSR valuations, according to exclusive figures from Inside Mortgage Trends.

The Comptroller is warning against a bank engaging in an exchange of participation interests in REO without first consulting with the regulator.

It appears that Integrated Financial Group of Pennsylvania is the latest victim of the mortgage downturn.