Contracts, Invoices & Legal

For the first time in almost two years, mortgage products available for consumers are at a level established in 2012. View the full article

The Mortgage Bankers Association found gains in March for conforming, jumbo and government-sponsored loan indices for the third consecutive month. View the full article

Refinancings, particularly the cash-out version, helped to drive mortgage product availability and rate lock activity during March, separate reports found. View the full article

Across-the-board decreases across all loan types drove the Mortgage Bankers Association's full credit availability index to its lowest in three months. View the full article

Application error findings rose over 15%, the second quarter in a row they have moved higher, the post-closing file review from Aces Quality Management found. View the full article

Delinquencies are at their second highest level in three years, led by deterioration in the performance of FHA loans, the Mortgage Bankers Association said. View the full article

Economic uncertainty and higher rates in April contributed to the first decline in applications for new homes on an annual basis since October. View the full article

Top industry minds emphasized they're still bullish on the technology and said humans will still provide irreplaceable traits like empathy and trust. View the full article

Uncooperative neighbors, vicious pets and threats of violence are some of the dangers mortgage field employees run into when on assignments. View the full article

The Mortgage Bankers Association deleted web pages including a diversity, equity and inclusion playbook, citing compliance with President The President's orders. View the full article

Third-quarter mortgage earnings revealed swings in profitability, but the real story, according to the Chairman of Whalen Global Advisors, is that hedging MSRs is unnecessary for well-managed lenders. View the full article

More government-backed loans shifted out of forbearance, while the share of portfolio and private-label securities loans remained flat from December. View the full article

With the increase in investor-owned properties, the risk of undisclosed real estate fraud, including occupancy misrepresentation, rose 9% in the third quarter. View the full article

Growth in multifamily and investment property mortgage originations, the highest risk segments, drove the 6% rise in the National Fraud Index, Cotality said. View the full article

FundingShield's latest report notes the improvement in remediation efforts among lenders, but closing protection lenders remain a key source of file problems. View the full article

Industry comments are favorable, but with statements like "no bill is perfect" and "bold action is needed," groups want changes before it goes to the president. View the full article

Lenders and investors say the new rules will increase the cost of financing and limit homeowners' access to equity by curbing the enforceability of contracts. View the full article

Even with 4,000 public sector cuts, total employment numbers were surprisingly high, which raises questions about whether financing costs will keep falling. View the full article

Perspective homebuyers with work visas, asylum seekers and DACA recipients seeking the government-backed mortgage will be impacted by this sweeping change. View the full article

Selected companies will have the opportunity to demo their compliance-related solutions at a February 2026 tech sprint following a December kickoff event. View the full article

Excess capacity remains in the mortgage origination cycle, and lenders need to cut costs and end the boom-and-bust hiring, Boston Consulting Group said. View the full article

The private mortgage insurers reported just 5% less business versus the third quarter and 33% more new insurance written over the fourth quarter 2023. View the full article