When deciding whether or not to buy or rent a home, purchasing a home is typically more favorable in many of today's housing markets, depending on how long a buyer plans to stay, but one generation still struggles with the buy vs. rent decision.
Read More »LenderLive Welcomes New Regional Account Executive
Domestic-based mortgage services provider LenderLive, headquartered in Denver, Colorado, has announced the hiring of John Parrish as a regional account executive for the firm’s correspondent lending division.
Read More »Why Seniors are an Important Part of the Housing Economy
The 55 and older population is often overlooked—especially when the spotlight has been on millennials for so long—but they are a large part of the housing market
Read More »Fairholme Still Urging GSE Net Worth Sweep to End
Fairholme Funds, one of the largest GSE investors, sued the government in 2013 for sweeping of GSE profits into the U.S. Department of Treasury and recently noted that "a “common sense solution" will prevail.
Read More »Wells Fargo to Settle With FHA Over ‘Reckless’ Mortgage Claims
Since 2012, Wells Fargo has been battling the U.S. government regarding allegations that it was "reckless" in certifying the credit and underwriting quality of FHA loans it originated, but the legal issues could soon be over.
Read More »Clayton Holdings Named Representation and Warranty Reviewer for Angel Oak Capital’s New Non-Prime Securitization
Clayton Holdings LLC, a provider of loan due diligence, surveillance, REO management, and consulting services to the mortgage industry, announced that it was selected by Angel Oak Capital Advisors, LLC to be the representation and warranty reviewer for a $150.4 million private-label securitization of non-prime whole loans.
Read More »Morgan Stanley Settles Mortgage-Bond Suit With FDIC
Morgan Stanley is the latest institution to settle claims that the firm misrepresented residential mortgage-backed securities that were sold prior to the financial crisis in 2008.
Read More »5 Reasons Tech Innovation is a Must Among Mortgage Businesses
The heavily-regulated mortgage environment has caused technology innovation to become a new focal point of many businesses within this space. John Guzzo, Managing Director in the Financial Technology Group at Berkery Noyes sat down with MReport to share his insight on how technology is changing the mortgage industry.
Read More »GSEs Introduce Independent Dispute Resolution Process for Loan Repurchases
Fannie Mae and Freddie Mac revealed a highly-anticipated, final independent dispute process for mortgage buybacks. The new process will offer more clarity and transparency for lenders and increased credit access to borrowers.
Read More »Fed: Interest Rates to Remain Under Long-Term Goals for Some Time
Federal Reserve officials' stance on monetary policy is mostly affected by the direction of the economy. Although they raised the federal funds rate in December, current economic conditions may not warrant another increase for awhile.
Read More »