M&T Bank Corp., agreed to pay the U.S. to resolve claims that it violated the False Claims Act by knowingly originating and underwriting single-family mortgage loans insured by the FHA that did not meet the mortgage insurer's requirements.
Read More »Title Companies Navigate Murky TRID Waters
Lenders and servicers are not the only ones finding themselves wading through the murky waters of regulatory compliance. Recent rule changes germinating in the mortgage industry have shaken up business as usual at title and escrow companies. Editor's note: This select print feature appears in the May 2016 edition of MReport magazine.
Read More »Which Housing Markets are Most Affordable?
As mortgage interest rates continue to remain at historical lows and home prices stay on favorable ground, housing affordability followed these trends with an increase in the first quarter of 2016.
Read More »Stewart Valuation Services Receives Positive Ranking from Morningstar
Stewart Valuation Services LLC announced today that it has been assigned a ‘MOR RV2’ residential ranking with a positive forecast by Morningstar Credit Ratings, LLC.
Read More »DocMagic Launches ‘eQC’ Solution
DocMagic, Inc., a provider of fully-compliant loan document preparation, compliance, eSign, and eDelivery solutions, recently announced the launch of its fully integrated ‘eQC’ solution that automates due diligence for investors and correspondent lenders.
Read More »The New Way to Qualify for an SFR Investor Loan
In order to achieve lower default rates on single-family rental investor loans, many single-family rental loan originators have enhanced their underwriting criteria. What changes did they make?
Read More »Center-Right Coalition Urges GSE Reform
Most everyone agrees that the conservatorships need to end, but cannot agree on how. What did a conservative coalition propose as the solution?
Read More »Mortgage Round Up: Rates and Applications Data Synchronizes
Following an imbalance in data last week, mortgage rates hit a new low for the year, and borrowers took advantage of this with an uptick in mortgage applications this week.
Read More »Blurred Lines in the FHA’s Appraisal Policies
When the FHA announced numerous changes to its Single-Family Housing Policy Handbook last year, many in the industry were confused about the lack of clarity regarding the blurred lines between appraisals and inspections.
Read More »Is the Federal Reserve’s Leadership Diverse Enough?
U.S. Senator Elizabeth Warren (D-Massachusetts) and 10 other U.S. senators addressed what they believe to be a problem in the demographic makeup among the Fed’s leadership.
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