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Consumer Advocacy Groups Launch Program for Low- and Moderate-Income Families, Providing CRA Opportunities

June 16, 2015
Brandon Ivey
The NCRC said Bank of America, Discover Bank, Synchrony and TD Bank, among others, have supported the program.
Read More

Short Takes: Misperceptions on Underwriting Requirements / FHA Appraisal Portal / CFPB Compliance Contract / Ocwen Avoids Downgrade

June 16, 2015
Brandon Ivey
Potential borrowers have misperceptions about requirements for credit scores, downpayments and income, according to results from a survey by Wells Fargo and Ipsos Public Affairs.
Read More

Originations of VA Mortgage Increase in First Quarter, Growth Attributed to Awareness

June 15, 2015
George Brooks
Originations of VA mortgages in the first quarter of 2015 increased by 5.8 percent compared with the previous quarter and were up 86.0 percent from the first quarter of 2014.
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CFPB’s TRID Seen as Having Less of an Impact on Origination Volume than QM Implementation

June 15, 2015
Thomas Ressler
But the combined Truth in Lending Act and Real Estate Settlement Procedures Act disclosures may not be as bad as many seem to fear.
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Limited Growth Expected for Jumbo MBS as Investors Wait for Issues to Be Addressed

June 15, 2015
Brandon Ivey
“The short-term outlook remains dismal,” said Quincy Tang, a managing director and head of U.S. residential MBS at DBRS.
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FHA Updates HECM Provisions Regarding Surviving Non-Borrowing Spouses

June 15, 2015
Brandon Ivey
The changes allow eligible non-borrowing spouses with older Home-Equity Conversion Mortgages the potential to remain in their home following the death of the last surviving HECM borrower.
Read More

Short Takes: VA Market Share Trends / Ocwen Receives Termination Notices / Negative Equity Share Declines / eHarmony for Mortgages?

June 15, 2015
Brandon Ivey
The VA maintained a sizeable lead in first-lien mortgage refinancing over FHA and private mortgage insurers in the first quarter of 2015 but yielded to both in purchase originations.
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Mortgage Securitization Rate Remains Soft in Early 2015; Banks Keep More Whole Loans?

June 12, 2015
John Bancroft
The slowdown in securitization is partly due to the lag between origination and MBS issuance, but there are other factors not related to timing...
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Latest Jumbo MBS from Redwood Includes More Non-QMs, Less Due Diligence

June 12, 2015
Brandon Ivey
Some 90 lenders contributed mortgages to the Redwood MBS, led by First Republic Bank with an 11.7 percent share.
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Lenders Tell the States: Stop the Madness on All the Data-Reporting Requirements

June 12, 2015
Brandon Ivey
Lenders provided a few constructive suggestions while voicing frustration regarding state regulators’ data collection efforts.
Read More
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