Financing

Foreclosure.com

A ruling in favor of President Donald Trump's choice to temporarily oversee the Consumer Financial Protection Bureau does not provide resolution about who is in charge.Last week, U.S. District Judge Timothy J. Kelly ruled against a request for a preliminary injunction by Leandra English, who claims in a lawsuit that [...]
Mon, Jan 15, 2018
Source: Financing
As new mortgage business recovered from a holiday slump, the share of activity that was for refinances reached the widest level in more than three years.A predictor of upcoming home-loan originations, the U.S. Mortgage Market Index from Mortgage Daily, landed at 121 for the week ended Jan. 12.The index, which [...]
Fri, Jan 12, 2018
Source: Financing
Securitizations on behalf the Government National Mortgage Association descended on a monthly and annual basis. But its book of business continued to grow -- nearing $2 trillion.When 2017 concluded, there were $1.9036 trillion in outstanding Ginnie Mae mortgage-backed securities, according to monthly operational data.The Washington-based company's book of business expanded [...]
Fri, Jan 12, 2018
Source: Financing
An alarming number of loans with high debt-to-income ratios have Mortgage Guaranty Insurance Corp. tightening its DTI and credit requirements.The Milwaukee-based organization has revealed that it has seen an increase in residential loans which have DTI ratios that exceed 45 percent.The recent phenomenon has the mortgage insurance company concerned [...]
Fri, Jan 12, 2018
Source: Financing
Several orders issued six years ago over servicing and foreclosure abuses have been terminated, while new civil penalties have been issued.On Friday, the Federal Reserve Board announced the termination of mortgage servicing enforcement actions against 10 banking organizations.The actions were taken in 2011 and 2012 as a result of deficiencies [...]
Fri, Jan 12, 2018
Source: Financing