Better Mortgage, a “digital” lender, is seeing increased demand for purchase mortgages by helping borrowers compete with cash buyers. The lender focuses on appraisal timelines and provide guarantees for earnest-money deposits if a potential borrower’s sale falls through due to financing issues.

Lenders raised concerns in December after updates to the Internal Revenue Service tax verifica-tion service extended processing times for mortgage originations. Industry groups said the IRS didn’t provide enough advance notice about the changes.

Like scores of other Trump appointees, a final vote on Montgomery’s nomination as assistant secretary for Housing was not acted upon by yearend…

Although a final tally has yet to be issued, volume for the year could total nearly $9.3 billion…

Aggressive FCA enforcement and steep settlement amounts have caused some banks to exit from the FHA market.

At Sept. 30, 2017, PHH had a total servicing portfolio (including subservicing contracts) of $162.7 billion...

PHH Mortgage is in the process of transforming into a subservicing specialist.

The seller will consider separate bids on the conventional and government portions…

Richard Pickup, a real estate investor by trade, owns more than 10 percent of Impac…

Meanwhile, the U.S. Chamber of Commerce asked the court for permission to file an amicus brief supporting the DOJ…