A computer error at the bank led to hundreds of accidental foreclosures, according to the company's quarterly filings. Here's how the bank plans to compensate the affected customers.
Read More »The Growth of Non-Agency Loan Originations
Here’s how mortgage loan originators, aggregators, and money managers can take advantage of the growing non-agency/non-QM market.
Read More »Home Price Growth Slowing
Home prices grew at a slower rate with three consecutive months of deceleration in annual appreciation of home values, according to a report. See how this trend impacts home affordability.
Read More »Michael Kuentz Named CEO of Lenders One
Kuentz, a 20-year industry veteran will oversee the strategic execution at Lenders One as well as continue to lead and manage the cooperative’s sales effort of the cooperative.
Read More »Justin Vedder Named COO of Origination Solutions at Altisource
In his new role Vedder will focus on accelerating the business' growth through greater client diversification and strategic innovation of products and services.
Read More »Eye on the Industry: Updates on Wells Fargo, MGIC, and More
From new appointments to ratings upgrades, get the latest buzz on the mortgage industry in this weekly update.
Read More »Solid Fundamentals Drive Fannie Mae’s Q2 Growth
The GSE earned a comprehensive income in the second quarter and will pay a dividend in the same amount to the Treasury for the quarter. Click through to see the numbers that spelled a good quarter for Fannie Mae.
Read More »Why Wells Fargo Agreed to Pay a $2B Penalty
On Wednesday, Wells Fargo agreed to pay a fine of more than $2 billion for allegedly misrepresenting the quality of loans used in Residential Mortgage Backed Securities. Here's why the bank agreed to pay this amount in a settlement with the Department of Justice.
Read More »Opting for Optimization in Mortgage Lending
Fintech innovations have the potential to transform and streamline business processes for lenders. But first, they have to embrace them. Editor's Note: This article originally appeared in the August issue of MReport, out now.
Read More »The Drivers of Greater Mortgage Risk
Mortgage risk rose across all loans, led by the FHA and GSE purchase indices, according to a report. Here are some of the factors that are driving greater risk in borrowing.
Read More »