Given the president’s intention to defend the Dodd-Frank Act for the remainder of his term, an industry-wide QM safe harbor for portfolio mortgages is “a heavy lift,” said former FHA chief Dave Stevens.

Quite a few executives believe the central bank should move forward with a “one and done” strategy and be done with it...

The bottom fell out of the mortgage-refinance market in the third quarter of 2015, and not even a historic surge in purchase-money lending could pick up the slack, according to a new Inside Mortgage Finance analysis and ranking. An estimated 32.5 percent freefall in refi originations during the third quarter had a much bigger impact on the conventional market than on government-insured lending. Conventional-conforming mortgage production fell ... [Includes two data charts]

The Consumer Financial Protection Bureau’s new integrated disclosure rule didn’t cause a sig-nificant spike in delayed home sales in October, according to the latest Campbell/Inside MortgageFinance HousingPulse Tracking Survey. The Truth in Lending Act/Real Estate Settlement Procedures Act Integrated Disclosure rule took effect near the beginning of October. Many industry participants predicted that the new rule would disrupt mortgage closings ...

Industry groups view recently-issued temporary guidelines for approving condominium projects for FHA finance as limited but positive, with the hope that other issues can be addressed in a more comprehensive rulemaking. Announced on Nov. 13, the interim guidelines took effect immediately and will remain for one year to give FHA sufficient time to implement more comprehensive condo rule changes. They include certain changes to the current lengthy and complex ...

As the housing market witnessed its best year yet in terms of recovering from the financial crisis, reports are pointing to continued progress in 2016, albeit at a slower pace. Pent-up demand coupled with sustained job growth and rising home values encouraged homeowners to put their homes on the market, a trend that Lawrence Yun, chief economist at the National Association of Realtors, said he expects to continue into 2016. “Sales activity in 2016 will once again be ...

The OCC’s language was not as strong as earlier reassurances from the CFPB that it would not be taking a “gotcha” or punitive approach when it commences with TRID examinations…

In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...

If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.

Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.