First American Financial Corp., a provider of title insurance, settlement services and risk solutions for real estate transactions, recently expanded their ability to license its comprehensive real estate data that includes 99.9 percent of U.S. housing stock and includes more than 5.5 billion recorded document images.
Read More »PHH Mortgage Selects DocMagic to Further Enhance TRID Compliance
DocMagic, a provider of fully-compliant loan document preparation, compliance, eSign and eDelivery solutions, recently announced that PHH Mortgage has signed a multi-year lease to use its products to further enhance TILA-RESPA Integrated Disclosure rule compliance capabilities.
Read More »Fannie Mae’s Mortgage Portfolio Contracts 19 Percent in August
Fannie Mae's gross mortgage portfolio declined at a compound annualized rate of 19.1 in August, marking the sixth time in the last seven months that the portfolio has contracted at the rate of at least 13 percent, according to Fannie Mae's August 2015 Monthly Volume Summary released Wednesday.
Read More »Is Student Loan Debt Affecting Millennial Homeownership Rates?
While student loan debt does play a role in the low homeownership rates among millennials, it does not fully explain why this generation is slow to purchase a home, according to Freddie Mac's monthly Insight & Outlook for September released Wednesday.
Read More »Credit Unions’ Statutory Lending Cap Blocks Underserved Consumers
Credit unions are in a better position to assist underserved consumers, but a lending cap imposed on credit unions by the U.S. Treasury is keeping these institutions from better serving consumers.
Read More »Five Mortgage Lenders Sued for False FHA Claims
The U.S. government has filed a lawsuit against five mortgage lenders and their principals, alleging that they defrauded the government and a number of banks through false Federal Housing Administration claims.
Read More »CFPB to Take ‘Diagnostic’ Approach Toward TRID Compliance
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray once again sat before the House Financial Services Committee on Tuesday for the CFPB's semi-annual report to Congress and touted the Bureau's efforts to protect consumers in its four years of existence while taking questions from Committee members on such topics as mortgages, auto lending, payday lending, and the TRID rule.
Read More »U.S. Home Prices Post Strong Gains in July, Case-Shiller Shows
Home prices across the country increased again in July 2015, rising 4.7 percent year-over-year compared to a 4.5 percent increase recorded the prior month. according to S&P/Case-Shiller Home Price Indices.
Read More »ClosingCorp Welcomes Executive Program Manager, Title Channel
ClosingCorp, a provider of residential real estate closing cost data and technology for the mortgage and real estate services industries, recently welcomed Pat Carney as executive program manager, Title Channel.
Read More »Single-Family Rentals Should be Part of Affordable Housing Strategy, Report Says
SFR should be considered by policymakers as an integral part an affordable housing strategy because of volume, location, neighborhood impact, and affordability.
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