Congressman Calls for Crucial HECM Program Changes
A U.S. congressman surprised the reverse mortgage industry when he expressed support for making crucial changes to the home-equity conversion mortgage program.
Residential Rental Investors Form Trade Group
Several firms that have purchased billions of dollars in non-owner occupied homes have banded together to form a trade group in the nation's capitol.
Mortgage Insurers Launch New Trade Group
Not long after shuttering its 40-year-old trade group, the mortgage insurance industry has launched a new association. The formation comes as new business in the sector is diminishing.
Wholesaler Recognized for Support of Mortgage Brokers
A wholesale lender has been recognized for its support of mortgage brokers. High quality customer service was cited among its strengths.
Bill Would Delay Higher Flood Insurance Premiums
Bipartisan legislation has been introduced in the Senate and the House to delay increases in premiums for the federal flood insurance program.
MBA Chief Troubled by Regulatory Environment
The current regulatory environment threatens to lock out low-income borrowers from the housing market and endanger the economic recovery, according to the head of the Mortgage Bankers Association.
Mortgage Conference Calendar Filling Fast
Marketing, servicing and credit unions are among some of the topics scheduled for discussion at upcoming mortgage-related conferences. Other events will touch upon real estate valuations, quality assurance and the Federal Housing Administration.
New Index Points to Slower New Home Sales
A new survey has been created to provide an early gauge for upcoming new home purchases. The first report points to a summer slowdown.
Mortgage Bankers Win Appeal in LO OT Case
A federal appeals court has ruled that conflicting government interpretations on overtime compensation requirements for mortgage loan originators need to be resolved through the formal rulemaking process.
Congress Warned About QM
The country's mortgage lenders are warning Congress that implementation of the Ability-To-Repay rule as it stands will take an especially hard toll on low-income borrowers. But that's not the only concern the industry has.