Origination

Ambiguity and/or delays in the loan modification process were a frequent subject of the monthly complaints report and mortgage credit access will be expanded to rural areas.

First-time buyers comprised 56.9 percent of primary owner-occupied home purchase mortgages with a government guarantee in August 2015, up from the 54.5 percent share last August, the American Enterprise Institute reported in their First-Time Buyer Mortgage Share Index.

Mortgage lending standards continued to ease across all types of loans in the third quarter, according to Fannie Mae’s most recent Mortgage Lender Sentiment Survey.

Mortgage applications for the week ending September 11, 2015 fell 7 percent from one-week prior, the Mortgage Bankers Association reported in their Weekly Mortgage Applications Survey.

The Federal Housing Administration and Fannie Mae recently launched programs that are designed to open credit to borrowers who would not be able to obtain a mortgage loan under normal circumstances.

The Federal Housing Administration (FHA) is preparing to tighten their loan requirements, which will make obtaining an FHA loan more difficult.

Mortgage applications for new home purchases fell in August, as the homebuying season comes to a close, according to Builder Application Survey data for August 2015 from the Mortgage Bankers Association released Thursday.

The scrutiny borrowers face when seeking jumbo loans might be as tough as ever, but qualifying one is at least getting easier.

Commentary is an ongoing series on theMReport.com that focuses on opinions, ideas, and insights from experts across mortgage banking. This advisory piece features Tim Anderson, director of eServices for DocMagic, Inc., providing a final checklist to ensure mortgage lenders and servicers are fully prepared for TRID and avoid costly fines.

Mortgage originations are expected to decrease by 30 percent in 2014, due to a decline in refinance activity, according to estimates from CoreLogic.