Fee cures caused by TILA-RESPA Integrated Disclosure violations are one cost-cutting area lenders should consider when looking to save money in today's low origination volume environment, according to a new whitepaper by ICE Mortgage Technologies.
Federal and state regulators looking to implement new data privacy standards should include exemptions for firms subject to Gramm-Leach-Bliley Act requirements, according to the Mortgage Bankers Association and other trade groups.
New downpayment assistance programs and tracking of rental payment history for underwriting purposes are among the suggestions put forward by two Urban Institute researchers.
Some 13.8% of the total number of applications for conventional-conforming mortgages submitted last year were denied, compared to 14.3% in 2022. Denials for refinances jumped. (Includes data table.)
The Federal Reserve, FHFA, large banks and the GSEs are all struggling to model the future impact of climate change, both on their specific businesses and on the broader economy.
Income and employment data verification provider Argyle believes verification waterfalls can help lenders save time and money during the loan origination process.
Researchers at the Federal Reserve Bank of New York tracked the recovery of borrowers who foreclosed in 2008 and borrowers with similar characteristics but who did not foreclose.
HUD issues guidance on mortgage advertising; UWM expands title services for brokers; Freedom issues debt; Incenter offers review services for taxes and insurance; most housing inventory in Florida, Texas.
Agency securitizations of correspondent loans were sharply down in the first quarter of 2024 as volume dropped across the board. Refinances made a surprising surge, while credit quality remained unchanged. (Includes two data tables.)
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