Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.

First American's affiliated bank is operational and the title insurance provider's email system was restored.

Home price appreciation and concerns about the economy look to be outweighing the recent decline in interest rates.

The industry expects robust bulk MSR trading during the first quarter.

First American stressed that all funds associated with the company were secure.

To obtain FHLBank membership, an institution must hold at least 10% of its assets in residential mortgage assets.

Lower interest rates didn't translate into higher home sales in November.

An estimated $51.0 billion of closed-end second liens and home equity lines of credit were originated in the third quarter.

A coalition of most of the major mortgage industry participants says FHFA and the GSEs should be more transparent about how they assessed and validated the new credit score models.

“These attacks are prevalent, continue to increase in frequency and sophistication, and are increasingly difficult to detect,” First American cautioned in a recent filing with the Securities and Exchange Commission.