An estimated 96 million adults in the U.S. are renters who have never had a mortgage, many of whom would seem to be prime targets for first-time homeownership. However, more than half of the renter population is unlikely to receive mortgage financing anytime soon, due to underwriting factors or a preference to remain a renter, according to industry analysts. In a new report, researchers at the Urban Institute’s Housing Finance Policy Center developed ...

Individual borrowers purchasing homes in the era of the Consumer Financial Protection Bureau’s integrated disclosure rule, dubbed TRID, generally seem to be having an improved overall customer experience, despite a few bumps in the road, according to two recent surveys. But the progress for homeowners is coming at the expense of mortgage lenders. A survey from the STRATMOR consultancy found that overall borrower satisfaction is at a multi-year high ...

The HFPC found that 63.8 million adults – 52 percent of renters in the country – don’t have a high enough credit score to qualify.

Fact: The Mortgage Metrics report for the third quarter of 2015 was 66 pages while the most recent issue was slashed to just 14 pages.

Can (and will) Congress act to fix the TRID mess?

Bank of America ranked second in home equity holdings with $125.69 billion.

Jim Picard, vice president of Denali Home Loans in Alaska, said that so far this quarter, his firm’s volume is up almost 13 percent compared to the year ago period.

This same official also predicted that if TRID errors ever become an issue on Fannie Mae/Freddie Mac loans, the entire mortgage market would come to a halt...

Impac originated $132.4 million in non-QMs in 2015, including $50.8 million in the fourth quarter of the year. Citadel did even more...

The REIT noted that Nicholas “led the team that built Redwood’s residential loan and capital markets platforms.”