“There is no policy rationale for the federal government to continue to subsidize the portion of mortgages that exceed $500,000,” said Sheila Crowley, NLIHC’s president and CEO.

Eric Morgenson, a sales manager at Angel Oak, said the lender’s main concern involves New York's foreclosure timelines

The SEC recommends that the rating service in question establish and maintain effective internal controls and more…

Now that the Consumer Financial Protection Bureau has issued a “clarifying” letter on TRID errors, all is well, right? Not necessarily...

Borrowers are required to have a credit score of at least 700 and at least three months of reserves...

It’s not every day that a Federal Home Loan Bank tells one of its members to reduce its credit facilities...

Banks had an average of nearly 500 loans per full-time employee in the third quarter, up from almost 400 at the end of 2014.

Clayton said the outlets’ analysis didn’t include factors such as a borrower’s credit score, downpayment, loan size, collateral and land type...

The banks completed 22,459 proprietary mods in the third quarter, down 25.4 percent compared with the previous quarter...

Industry analysts didn’t have TRID to blame for the decline in home sales last year. Instead, NAR's Lawrence Yun said the decline was part of a seasonal trend.