Freddie Mac vet tapped to lead FHA

Freddie Mac veteran Edward Golding has been named to head up the Federal Housing Administration — sort of …

What’s fact and what’s fiction in potential TRID implementation delay

When Steven Antonakes, associate director for supervision, enforcement and fair lending at the Consumer Financial Protection Bureau, took to the stage yesterday at the Consumer Bankers Association’s CBA LIVE event to discuss the bureau’s new TILA-RESPA Integrated Disclosures rule, he …

Mortgage jobs up at nonbank lenders, down at large banks

Jobs in the mortgage industry increased slightly in the fourth quarter of 2014, according to Mortgage Daily’s mortgage employment index. An estimated 577,800 people were employed in the mortgage industry at the end of last year, an increase over an estimated 567,500 jobs in the third quarter of …

Survey finds it’s often up to Realtors to clue millennials in to closing costs

Most millennials are blissfully unaware that title insurance, lender origination fees and other closing costs can amount to 3 to 5 percent of a home’s purchase price — $6,000 to $10,000 for a median-priced home — and it’s usually up …

Underwater second mortgages surface in Supreme Court case

As the aftermath of the U.S. housing market collapse in 2008 continues to unravel, the U.S. Supreme Court this week heard oral arguments in a case that will decide whether an underwater mortgage loan can be wiped out in a bankruptcy proceeding …

Detroit mortgages, affordable; San Francisco, not so much

A new survey from realtor.com predicts that Detroit will be the most affordable and San Francisco the least affordable markets this year. The online real estate services provider released the results of its first-ever Mortgage Affordability Report toda…

Realtors and lenders confused about value of title insurance, says ALTA

Realtors and lenders are just as ignorant as the general public about what title insurance is and the value it provides to the homebuying process, according to the American Land Title Association …

Access to credit still biggest hurdle for millennials to enter real estate market

Since the Great Recession, employment numbers have been low, income gains modest, and debt and rent levels high — all while access to credit has been tight. This combination has kept young homebuyers out of the real estate realm. According to recent r…

Mortgage servicer out of compliance with stock exchange listing rules

Mortgage servicer Home Loan Servicing Solutions, a spinoff of Ocwen Financial Corp., has fallen out of compliance with NASDAQ’s rules for continued listing on the stock exchange after twice delaying the filing of its 2014 annual report with the U.S. Securities and Exchange Commission …

Nation’s top title insurers enjoy steady revenues

Although title insurance revenues declined in 2014, this year holds the promise of a solid pipeline of activity, according to a recently released Fitch Ratings special report. Title premiums could rise in response to increased business competition in t…