If Montgomery garners final approval, HUD Secretary Ben Carson will begin tackling key issues, including finalizing new condominium rules, dealing with reverse mortgage losses and more…

Moral of the story: If you're going to service loans in California, you better have a license...

One of these days an answer will arrive, but until a mortgage company is sold for Bitcoins, we’ll stay on the sidelines…

Rep. Hensarling: “This means the government needs to be in the last-loss position, with multiple layers of private capital, as diversified as possible, stacked up before it.”

A recent report from the JPMorgan Chase Institute found that payment reduction was the most effective form of post-crisis loan modification, and a 10 percent drop in the mortgage payment lowered default rates by 22 percent.

FHA regulations currently do not allow HECM loan limits to vary by metropolitan statistical area or county…

The PACE decision follows last month’s release of the annual audit of the Mutual Mortgage Insurance Fund, which showed a decline in economic value…

Now comes the big question: Why is the president of the United States weighing in on a bank regulatory issue? Then again, it’s Donald Trump. Mortgage ramifications? Stay tuned…

Regulatory reform legislation with limited bipartisan support is making its way through the Senate, and a change in leadership at the Consumer Financial Protection Bureau could provide further relief for the industry. This week, the Senate Committee on Banking, Housing and Urban Affairs approved a regulatory reform bill on a 16-7 vote. S. 2155, the Economic Growth, Regulatory Relief and Consumer Protection Act, would make adjustments to the standards for qualified mortgages ...

Ginnie Mae has issued expanded guidelines to protect veterans and investors from harmful loan churning and rapid prepayments in mortgage-backed securities. The changes, along with additional measures under consideration by a joint Ginnie Mae/VA refinance task force, are aimed at ensuring continued strength and liquidity of the Ginnie Mae MBS program, said Michael Bright, the agency’s acting president. The latest guidelines expand on an initial measure Ginnie implemented requiring six-months of seasoning of VA loans before they can be refinanced and delivered into Ginnie MBS pools. However, some lenders have found ways around the measure and have continued their questionable lending practices, said Bright during recent testimony before a House Financial Services subcommittee. Churning is both illegal and unethical because it preys on unsuspecting borrowers, who are pressured by ...