Mortgage lenders were happily writing as many loans as possible during the second half of 2019. But not surprisingly, closing times increased.

Unlike previous models, the FICO Score 10 will consider account balances and missed payments over a 24-month period. It will flag borrowers who have consolidated credit card debt into riskier personal loans.

The bureau has tightened the use of “abusive” practices under its sweeping authority to prohibit unfair, deceptive or abusive acts or practices. Industry watchers believe the impact of the new policy might be limited.

Freedom’s purchase of RoundPoint Mortgage is dragging on. But the deal should make Freedom the nation’s 11th largest servicer of home mortgages.

Many potential first-time homebuyers want lenders to offer both an online loan application process and in-person services. Borrowers are looking for speed, convenience and customer service.

The worry beads are once again out for nonbanks. Meanwhile, coming soon: fourth-quarter results for Fannie and Freddie. What possibly could go wrong?

While the Consumer Financial Protection Bureau’s plan to extend the qualified-mortgage patch was not unexpected, its proposal to eliminate the debt-to-income threshold has sparked a debate.

The Financial Stability Oversight Council would have to complete a number of steps before it can subject nonbank lenders and servicers to increased over-sight and prudential standards.

The recent IPO of nonprime lender Velocity Financial should pave the way for other like-minded deals. Right? But not so fast. The stock market can be an unforgiving place.

Stable interest rates and seasonal trends will lead to a decline in mortgage originations in the first quarter of 2020. Lenders are taking steps to adjust to a reduction in refi business.