Self-employed borrowers are facing tighter underwriting standards on conventional mortgages but not on non-agency loans.

One of the challenges with borrowers getting forbearance in this category is a lack of clarity regarding which entity holds legal authority to decide terms of loss mitigation.

Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans.

A study based on call transcripts between borrowers and a servicer found that many customers who received relief didn’t actively seek it.

But to remain in compliance, parties involved in co-marketing deals have made adjustments to their activity valuation and documentation.

The new regulatory category would allow non-QMs to obtain QM status as long as they meet certain performance requirements and other standards during the first three years after origination.

It took 15 months for the acquisition-minded Freedom Mortgage to close on RoundPoint. What snarled the deal? Low interest rates, for starters.

Trade groups point out the irony of raising mortgage rates at a time when the Federal Reserve is spending more than $40 billion a month on agency securities in an attempt to lower the cost of buying or refinancing a loan.

Mortgage delinquencies shot up during the second quarter, though there were variations among servicers and loan types. (Includes data chart.)