The seller was described as an “independent mortgage banker with a tremendously experienced senior management team and strong net worth.”

Are "fintech" firms spending enough money on mortgage compliance?

The lender allegedly focused on profit and growth at the expense of loan quality and knew about the inefficiencies in 39 of its 125 branches, charges it denies.

The Golding memo signals that HUD and the IG have reached a meeting of minds on the issue.

The House this week approved legislation making it easier for loan officers working for depository institutions to go to work for nonbanks. Separately, the Senate last week approved a $39.2 billion fiscal 2017 funding bill for the Department of Housing and Urban Development. By a unanimous voice vote, House lawmakers approved H.R. 2121, the SAFE Transitional Licensing Act. The legislation provides for a 120-day temporary license for registered loan originators who change jobs and makes for an easier transition when moving from a financial institution to a state-licensed nonbank or to another state. Introduced last April by Rep. Steve Stivers, R-OH, the bill would require...

Roofing and attic inspections, verifying whether a pool is operational and safe to use, checking sump pumps for any deficiency and checking crawl spaces elicited groans from appraisers...

National Council of State Housing Agencies Executive Director Barbara Thompson said the group is awaiting what she calls a “positive resolution of the issue.”

FHA loans as a share of all loan originations rose 7 percent year-over-year…

“We also have to pay more attention to third-party financing and third-party document custodians that new issuers are relying on,” Drayne added.

At $1.661 trillion, it’s a new record in terms of banks and MBS holdings…