The denial rate on mortgage applications calculated solely from Home Mortgage Disclosure Act data provides a misleading measure of credit availability, according to industry analysts. Analysts from the Urban Institute and the Federal Deposit Insurance Corp. authored a paper suggesting that the attributes of loan applicants should be taken into consideration when determining denial rates. “Higher denial rates can be the result of either a tighter credit environment or an increase in ...

There are dozens of residential lenders that use the phrase “fintech” to describe their activities, but whether they will file to become a depository is a different matter.

Fairholme: “Fund performance was disappointing in the first half mostly due to the decline in the preferred shares of Fannie Mae and Freddie Mac…”

The report makes more than 80 recommendations related to fintech and nonbank financial policy.

Roughly 59.8 percent of the reviewed loans were initially deemed unacceptable.

SG’s Justin Mahoney estimated that lenders participating in the panel were backed by $10 billion of capital aimed at expanded-credit products…

A prediction: “Watch for an end to the GSE conservatorships under a Republican Director at the FHFA...

The participation of banks other than Chase and First Republic marks a significant shift in the prime non-agency MBS market.

HUD has been trying unsuccessfully to obtain authority from Congress to charge a similar fee to modernize its aging information technology systems…

In the world of finance, it’s not where you’ve been – but where you’re going.