Mortgage Servicers Increase Contact With Late Payers
Home loan servicers are stepping up contact with mortgage borrowers who don't make payments on the due date.
Non-QM Jumbo Hits Market
A growing wholesale mortgage lender has introduced a new jumbo product that goes outside the Qualified Mortgage box.
QM Compliance Service Providers Out in Force
Mortgage lenders have a treasure trove of resources when it comes to maintaining compliance with the Consumer Financial Protection Bureau's Qualified Mortgage and Ability to Repay rules.
Fmr CFPB Official's Firm to Offer Wholesale Non-QMs
A company founded by a former Consumer Financial Protection Bureau official has agreed to a merger that has it providing non-Qualified Mortgage through the wholesale channel.
Feedback Sought for New FHA Handbook
Stakeholders have one month to provide feedback on a new policy handbook being proposed for the Federal Housing Administration.
Mortgage Regulatory Issues Trump Banks' Volume Concerns
Banks are far more preoccupied with regulatory issues than an expected decline in home loan originations, according to a survey that also identified the biggest aggregators and top providers of origination and underwriting technology.
Valuation Services Being Acquired
A mortgage service provider that helps home lenders manage their risk is unloading its suite of home valuation services. The acquirer also picked up a compliance company.
Service Providers Enhance Appraisal Quality
A number of enhanced offerings are aimed at upgrading the quality of valuation reports. Several improvements are being accomplished through alliances and partnerships.
CFPB Report Card Says Supervision Needs Improvement
A Consumer Financial Protection Bureau watchdog has issued a report offering a dozen recommendations to help the agency improve its supervision.