Headlines

Rep. Jeb Hensarling, Chairman of the House Financial Services Committee, delivered a public address on Tuesday on the committee’s plan to offer what he terms a “bold and better” alternative to the Dodd-Frank Act, according to an announcement from the committee.

The revamped rule appears to be weighing heavy on the minds of many in the mortgage industry as is brings about several new data point requirements that must be fulfilled by lenders.

Confidence among home builders has been on a series of ups and downs over the last few months, showing slow, but continued progression in the single-family sector, but they are still faced with concerns about labor and lot shortages.

Fifty-one percent of repeat homebuyers, reported that they experienced unexpected costs, fees, or surprises in their most recent home buying experience, according to a recent survey.

Ernst Publishing Company, a provider of technology and closing cost data information for the real estate and home finance mortgage industries for 26 years, and eLynx, a provider of on-demand compliance services for Data-Validated MortgagesSM, have linked their software systems.

The expectations of consumers toward inflation, the economy, housing, personal finances, and the labor market were up across the board, which suggests that expectations are on the rebound.

Nationwide Title Clearing (NTC), a post-closing services provider for the nation's largest financial institutions, investors, and servicers, announced that the company will open a new office this month in Dallas, Texas that will include a new data center.

Household holdings of real estate grew much faster than the aggregate amount of mortgage debt outstanding among homeowners year-over-year, ultimately causing home equity to increase.

Jerry McCoy, Senior Policy Advisor to The Collingwood Group, talked with MReport about the full circle of compliance and how the mortgage industry should be taking on these rules.

The Office of the Comptroller of the Currency on Monday announced proposed changes in order to remove outdated or unnecessary provisions and rules, therefore reducing the regulatory burden on banks and federal savings associations.