New home-equity originations on home-equity lines of credit and closed-end second mortgages fell by 6.3 percent from the fourth quarter to an estimated $45.0 billion. However, that was up 18.4 percent from the first quarter of last year.

A language preference question would raise several serious compliance and legal concerns that strongly weigh against including it on the Uniform Residential Loan Application, according to industry trade groups.

Fannie noted that lenders aren’t obligated to self-report any matters related to possible TRID non-compliance except in two limited circumstances where a repurchase demand is an authorized remedy.

Borrowers have been protected from pricing swings on the back-end Connecticut Avenue Securities Structured Agency Credit Risk transactions thus far because guarantee fees on the GSEs’ mortgages are set by the Federal Housing Finance Agency.

A new poll by the U.S. Mortgage Insurers showed strong consumer support for housing reform efforts that rely on private capital to take on a majority of the risk currently placed on the GSEs. Close to half of the 2,000 respondents, 48 percent, said the private sector should bear the responsibility for the risk of losses on bad loans. Some 19 percent of the respondents said borrowers should bear the responsibility, while another 19 percent were not certain who the loss should ...

Sen. Elizabeth Warren, D-MA, is urging the Federal Housing Finance Agency to solicit public comments on FHFA’s policy regarding super-liens imposed by homeowner associations on loans in foreclosure. The FHFA has said it is obligated to protect the rights of Fannie Mae and Freddie Mac and will aggressively do so. Super-lien laws are currently in 22 states and the District of Columbia. They allow homeowner associations that are owed fees to take priority over ...

Later this month, Fannie Mae will begin to use trended credit data when completing credit risk assessments on mortgages submitted to the government-sponsored enterprise. Fannie claims the data “allow a smarter, more thorough analysis” of a borrower’s credit history, though the mortgage approval rate by the GSE isn’t expected to change much. In Selling Guide Announcement SEL-2016-04 published last week, Fannie detailed plans for trended credit data in the pending ...

Mortgage lenders of different charters and sizes are in a hiring mode as the summer approaches, thanks to continued low interest rates and a strong job market. Moreover, origination profits are picking up. All of this spells good news for anyone with mortgage experience – be it loan officers, underwriters and especially technology workers with software writing and compliance-related backgrounds. “Most of our hiring has been around the technology side of the business,” said ...

Consumers who apply for mortgages are much more likely to open new credit card accounts and take out auto loans than consumers overall, according to TransUnion, a firm that focuses on credit issues. A new study by TransUnion included 16.7 million consumers who paid off their mortgages and moved with new mortgages or refinanced their existing mortgages between the first quarter of 2013 and the second quarter of 2015. The study focused on borrowers with a VantageScore of ...

The settlement agreement stemmed from a complaint filed by the Department of Housing and Urban Development against First Citizens Bank and Trust Co. in 2011 after an analysis of 2010 Home Mortgage Disclosure Act data.