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With the deadline for the TILA-RESPA Integrated Disclosure (TRID) rules going into effect on August 1, many lenders are increasingly concerned about possible penalties should they not be fully compliant by this date. To address these anxieties, Congressmen Steve Pearce (R-New Mexico) and Brad Sherman (D-California), joined forces to introduce a bill (H.R. 2213) that would provide temporary leniency from lawsuits and law enforcement. If passed, it would remain in effect until January 1, 2016.

Freddie Mac's net income for the first quarter of 2015 totaled $524 million, nearly double the total of a profitable but somewhat slow fourth quarter, according to Freddie Mac's Q1 2015 Financial Report released Tuesday morning. It marked the 14th consecutive quarter of profitability for Freddie Mac.

According to a study released by Zillow, low income and rising home values have made homeownership unaffordable and unattainable for the country’s lowest paid workers. Over the past two years, one-third of Americans have not been able to afford homes due to low wages. As the housing market recovered, incomes did not.

Arch Mortgage Insurance (Arch MI), a provider of private mortgage insurance and a wholly owned subsidiary of Arch Capital Group Ltd, will host a complimentary webinar discussing the recent release of their Spring 2015 Edition of its Housing and Mortgage Market Review. The webinar will discuss the latest findings of the report, including the latest trends that influence the housing market today and a discussion of how states in the oil market could be affected by the recent drop in oil prices. Arch MI aims to help industry professionals understand what is happening in the nation’s housing market and why with their exclusive Housing Update Webinar.

Lenders' share of mortgage purchase volume increased for the first time in 2015, jumping 5 percent according to the latest Origination Insight Report released by Ellie Mae, a leading provider of on-demand software solutions and services for the residential mortgage industry. The report found that purchases represented 46 percent of lenders’ overall volume in March, compared to 53 percent in mortgage refinancing volume.

Financial conditions are improving in the Southern United States, according to a report released by the Office of the Comptroller of the Currency (OCC). The report, which details the performance of national banks and federal savings associations (FSAs), showed that nine states in the OCC’s Southern District showed improvement in 2014. Those states included Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, Oklahoma, Tennessee and Texas.

The Mortgage Collaborative, an independent lending cooperative serving small and mid-sized mortgage lenders and community-based lending institutions, has deepened its senior executive team with the addition of two new hires, the Collaborative’s Chairman, John Robbins, CMB announced.

The number of loan servicing, escrow, and payment-related complaints has been relatively stable with the volume of current inventory over the two-year period of 2013 and 2014. As of the end of 2014, the number of such complaints averaged less than one per every 10,000 current loans (0.77).

HSBC Bank has asked the Court of Appeals in White Plains, New York, to consider reviving a 2012 lawsuit against Deutsche Bank Structured Products Inc. The 2012 claim alleged that Deutsche misrepresented the quality of residential mortgages it sold to investors in 2006.

Six federal financial regulatory agencies Thursday issued minimum requirements for state registration and supervision of entities that provide appraisal management services to lenders, underwriters, and other principals in the secondary mortgage market.