Freddie Mac: “We are also specifying that an unlicensed or trainee (or similar classification) appraiser may perform a completion report…”

In the past, some in the mainstream media have referred to nonbank mortgage lenders as “shadow” lenders, a phrase that residential finance professionals find pejorative…

The new Ginnie Mae buyout authority expires March 31 of next year…

Ginnie Mae took umbrage at the IG’s findings, saying it was aware of the market share shift to nonbanks in 2012 and was already taking action…

MUFG Union Bank was the top wholesale lender in the jumbo market by a wide margin.

The Mortgage Bankers Association is projecting that more than 4,600 residential finance professionals will attend its annual convention in Denver next month.

Kroll Bond Rating Agency assigned AAA ratings to the deal.

Last week, the CFPB issued new proposed policy guidance spelling out how it intends to disclose the loan-level data that financial institutions will report under the Home Mortgage Disclosure Act. The guidance would apply to HMDA data to be reported under Regulation C as of Jan. 1, 2018. The bureau intends to make this data available to the public starting in 2019. “Public disclosure of mortgage data is central to the achievement of HMDA’s goals,” the agency said. “The bureau has considered whether and how HMDA data should be modified prior to its disclosure to the public, in order to protect applicant and borrower privacy while also fulfilling HMDA’s public disclosure purposes.” First, the CFPB is proposing to exclude from ...

To some, CFPB Director Richard Cordray does not sound like a candidate…

Roughly 82 percent of the VA-backed mortgages are interest rate reduction refinance loans or IRRRLs.