A ruling late last week by the New York Court of Appeals will likely help provide certainty to non-agency MBS issuers regarding liability from breaches of representations and warranties while limiting claims from investors. The appeals court confirmed a lower court’s ruling in ACE Securities v. DB Structured Products, determining that the statute of limitations for claims of breaches of representations and warranties starts when a deal is closed – not when a potential breach is discovered. “Representations and warranties concern...

The guidance explains how the FHA intends to categorize defects found in endorsed single-family mortgages.

Wells Fargo was the top conforming-jumbo lender in the first quarter of 2015, with $3.10 billion in such originations.

If you are advertising or marketing mortgage products in Spanish, compliance experts suggest you should provide all requisite disclosures and servicing in Spanish.

Lew said it’s not the right time to talk about ending the GSEs’ conservatorship and paying dividends.

Industry observers noted that FAQs didn’t answer some of the big questions that matter to lenders, such as quality control, student debt and pre-funding review requirements.

The face-saving mechanism in the CFPB's announcement was a claim to the discovery of a legal glitch.

VantageScore suggested that lending to "upsiders" and "minimalists" can be accomplished without increasing default risk.

The FOMC said it will increase rates when it sees further improvement in the labor market and inflation looks to be under control.

Higher interest rates prompted declines in applications for both refinances and purchase mortgages.