Government

Job gains fell below expectations for the month of August, totaling less than 200,000, but wage growth finally began to show some upward pressure. However, analysts are still divided on whether it will be enough to convince the Federal Reserve to raise interest rates in their September meeting.

Compliance defects on closed mortgage loans are already a costly problem for lenders, but with the new TILA-RESPA Integrated Disclosure rules just one month away, lenders can expect to face even more risks and costs.

Moody's Investors Service on Thursday announced the upgrading of 11 tranches from 3 transactions backed by conforming balance residential mortgage-backed securities issued by Fannie Mae and Freddie Mac totaling about $1 billion.

The 11th U.S. Circuit Court of Appeals recently revived three lawsuits the were brought about by the City of Miami, accusing Wells Fargo & Co, Bank of America Corp., and Citigroup of discriminatory and predatory mortgage lending practices to minority borrowers.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. It’s official! The TRID rule goes into effect one month from today. Are you prepared? John Vong of ComplianceEase and Jonathan Kunkle of GuardianDocs weigh-in on the upcoming TRID implementation date and what companies can do to ensure their technology is ready.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This article features Mark McElroy, president and CEO of Pavaso, Inc., advising lenders to be innovative in their business practices to serve today's consumers.

Outstanding residential acquisition, development, and construction loan volume expanded 4.7 percent in the second quarter of 2015. The National Association of Home Builders found that AD&C loans grew for the ninth consecutive quarter, but availability of these loans remains tight, hindering home construction.

The Federal Reserve reported in its August 2015 Beige Book released Wednesday that economic activity continued to expand across most regions and sectors, while the majority of reports on residential real estate markets across the 12 Fed districts were positive.

U.S. banking institutions that are insured by the Federal Deposit Insurance Corp. (FDIC) earned an aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion from a year ago, the FDIC announced in their Quarterly Banking Profile released Wednesday. The $43.0 billion second quarter profits, the highest quarterly income on record, was mostly driven by a $3.6 billion rise in net operating revenue, the FDIC said.

Mortgage fraud risk is being lowered by changes in residential origination practices and new regulation, according to a Fitch Ratings report released Tuesday.