Origination

Over five months after the implementation of the TILA-RESPA Integrated Disclosure rule, first-time buyers are still enduring its consequences with closing delays on home purchases. See what analysts believe will happen after the TRID backlog subsides.

In a discussion with MReport, Bank of America's Terry Francisco explains how the financial institution is opening up new homeownership opportunities for responsible consumers.

First-time homebuyers have more problems to face than just dwindling supply and higher demand: Income requirements for mortgage lending are also on the rise.

Expect to see an influx of industry news in the last full week of February, including the highly-anticipated existing-home sales report from the National Association of Realtors. The last two reports on existing sales for November and December were hot and cold. Now, the industry is wondering what January's report will reveal.

The competition is on. First-time homebuyers in need of financing methods are losing out on homes that are being swiped from them by cash investors.

Caliber Home Loans, Inc., a full-service national mortgage lender and servicer, announced that Sanjiv Das has been appointed CEO of the company.

First Guaranty Mortgage Corporation, a provider of residential mortgage lending services for over 25 years, recently announced that Mark Mayhook has been named Senior Director of TPO Production.

As originators and servicers brace themselves for the predicted slowdown in growth within their businesses, John Vella, Chief Revenue Officer at Altisource, shares his insight on how they can remain successful in a new housing environment.

Although it may seem like large lenders are the only ones that are on top of their game, there is another group of institutions that are making their mark in the industry. Editor's note: This select print feature appears in the February 2016 edition of MReport magazine, available now.

The H.R. 4211 bill, or the “Credit Score Competition Act of 2015,” would allow Fannie Mae and Freddie Mac to consider alternative credit-scoring models instead of just the FICO model, which would provide homebuying options for many consumers whose credit does not meet the current standards.