Mortgage Finance News

By Sara Sutachan | Relevant news pertaining to real estate finance.

A Big Surprise for Lenders in Trended Mortgage Data

When a consumer refinances or pays off her house in preparation for moving, you might expect her to reduce other debts to help get the new mortgage …

Court Wins Set Important Precedent for Paperless Mortgages

"Customers in the mortgage industry and companies have been comfortable on the e-disclosure side but less comfortable with the e-note side," said …

FHA Proposes New Consumer Protections on Reverse Mortgages

"As we grow older as a nation, we have a responsibility to ensure reverse mortgages remain a safe, secure and sustainable financial option for future …

Attorney General Kamala D. Harris Issues Consumer Alert on Mortgage Loan Modification Scams

Los Angeles, California - Attorney General Kamala D. Harris issued a consumer alert today to warn homeowners about mortgage loan modification scams. …

Real Estate

21 tips for first-time homebuyers

First-time homebuyers can easily be caught off guard by unexpected surprises. Here are 21 tips that will quickly get homebuyers up to speed and ready …

House

Private Lenders Remodel the Mortgage Market

TARZANA, Calif.—Mike Klemens, 81 years old, is a bridge player, real-estate investor and part of a new generation of private lenders helping reshape the American home-mortgage market.<p>From his ranch-style house in the hills above the San Fernando Valley, he services home loans financed from his …

Financial Markets

Student Debt: How it Impacts Housing

By Mikkie Mills<p>Credit: Pixabay.com<p>Having student loan debt doesn’t deny your approval for a mortgage loan right off the bat, but it can definitely be …

Loans

Mortgage applications up just 0.4%, despite rates near three-year lows

Despite the lowest interest rates in nearly three years, the number of people applying for a mortgage barely moved last week.<p>Total volume increased …

Real Estate

Equifax: Mortgage Write-Offs in Q1 2016 at Nine-Year Low

ATLANTA, May 10, 2016 /PRNewswire/ -- According to data from the April 2016 Equifax National Consumer Credit Trends Report, the total balance of …

HUD Secretary Castro, Panelists Discuss Housing Opportunities for Young Adults Repaying Student Debt

WASHINGTON, May 10, 2016 /PRNewswire/ -- Struggles exist for many young adults trying to become homeowners, and the burden of repaying their student …

Executive Conversation: Brian Fitzpatrick on the future of loan origination

SPONSORED CONTENT<p><i>Executive Conversations is a HousingWire web series that profiles powerful people in the financial industry, highlighting the</i> …

Housing

CFPB: Changes to TRID coming soon

In a huge win for the industry, the <b>Consumer Financial Protection Bureau</b> is taking another look at the Know Before You Owe rule, answering calls to …

Housing

MBA: Mortgage applications barely move

It was another quiet week for mortgage applications despite it being peak-buying season, reiterating other industry reports that Spring is yet to …

Mortgages

Equifax: Write-offs hit 9-year low for first quarter

Write-offs for home equity lines of credit and home equity loans totaled $9.5 billion for the first quarter 2016, a nine-year low for the first …

Housing

First Guaranty Mortgage goes digital, buys goodmortgage.com

The market for online mortgage lending just got a new competitor.<p><b>First Guaranty Mortgage Corp.</b> is acquiring goodmortgage.com, an online mortgage …

Mortgages

CFPB Official Previews Final Mortgage Servicing Rule

DALLAS — The Consumer Financial Protection Bureau is expected to finalize its second round of mortgage servicing rules in July, a top agency official …

Mortgage assistance program gets $383.3 million to help struggling homeowners

Updated:Saturday, May 21 2016 1:31 PM EDT2016-05-21 17:31:30 GMT<p>Vermont Sen. Bernie Sanders is scheduled to speak at a rally in National City …

La Jolla

US Mortgage Rates Remain Low as Home-Buying Season Starts

Long-term U.S. mortgage rates stayed near 2016 lows this week, potentially good news for the housing market as the spring home-buying season …

Next major issue lenders need to tackle: Cybersecurity

First-time parents trying to finally find a place to call their own, young Millennials looking to make their first big investment or grandparents …

More Single Women Hunt for Homes, Not Husbands

6:00 am ET<br>April 5, 2016April 5, 2016<p><b>Alayna Tagariello Francis</b> had always assumed she’d marry first, then buy a home. But when she found herself …

Equifax: First Mortgage Origination Balances in 2015 Increased 42.9 Percent over Previous Year

ATLANTA, April 5, 2016 /PRNewswire/ -- According to data from the March 2016 Equifax <i>National Consumer Credit Trends Report</i>, the total balance of new …

CalHFA Expands Program to Help More Bay Area Residents Become Homeowners

SACRAMENTO, Calif.--(BUSINESS WIRE)--#homebuying--The California Housing Finance Agency today announced a program change that will help more …

Home Ownership

Mobile Banking Grows More Popular

The popularity of mobile banking grew last year, with 43% of adults with mobile phones and bank accounts using their phones for financial activities, according to an annual survey by the Federal Reserve.<p>The share of adults who reported using mobile-banking features increased by 4 percentage points …

Mobile

Hispanic homeownership on the rise

There’s been much focus on millennials and their importance on the housing market, but when we look at where homeownership growth has been the …

Top 5 Housing Markets Attracting Millennials - Fannie Mae

(Albert Pego/Shutterstock.com)<p>Uncategorized<p><i>According to a</i> <i>CoreLogic</i> <i>survey that measured 70 metrics considered key to young buyers (like having young</i> …

Growing Sales to First-Time Homebuyers this Spring

Millennials and other new households should be camping out at open houses, if history is any guide.<p>Mortgage rates are low, averaging four percent. …

So You Wanna Buy a House? Step 2: The Down Payment

Scratching together a down payment is probably the most daunting hurdle to buying a home—and there are boatloads of them! But that’s why we’ve …

Freddie Mac Sold $1.4B in Nonperforming Loans

Freddie Mac has sold $1.4 billion in deeply delinquent, nonperforming loans.The Nationstar Mortgage-serviced loans were offered as seven separate …

How to Get the Most Out of Mortgage Rewards

Borrowers who get a $2.5 million mortgage from CapitalOne can fly away, literally, with one million air-travel miles, enough to circle the earth 40 times. But is it worth it?<p>From air miles to rebates to lower interest rates, some lenders offer a variety of rewards to customers who get or refinance …

Bank of America