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.

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

Erbey's CEO role will include a base salary of $50,000 per year and no other forms of compensation.

Consumers are feeling little optimism for the 2024 housing market as affordability concerns continue to push would-be buyers away from purchasing a home next year.

New standards for qualified mortgages have created documentation hurdles for lenders and loan aggregators.

The lawsuit involved HAMP-modified loans in 36 non-agency MBS. Wells Fargo was the trustee of the securitized trust.

Community Home Lenders of America has sent a letter to federal mortgage regulators urging them to look into the potential mortgage financing fallout from the court ruling in Sitzer/Burnett v. NAR.

The retail channel lost share to the correspondent and broker channels in the jumbo market in the third quarter.

Harold Pettigrew, president and CEO of Opportunity Finance Network, told Inside Nonconforming Markets that changes to the application process will help ensure CDFIs continue to stay mission driven as more entities begin applying for certification.

The nation's top 10 ARM originators in 2023 are all federally insured, led by Chase, BofA and U.S. Bank...