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The latest news on issues impacting the mortgage market is provided below:


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Updated: 23 min 59 sec ago

Seriously underwater properties decrease 2.2 million in 2014

Thu, 01/22/2015 - 00:01
The number of seriously underwater homes continues to drop, and the number of equity-rich homes is growing. Here’s what’s happening.

NewOak launches service to help lenders meet non-QM demand

Wed, 01/21/2015 - 16:59
NewOak’s new Non-Qualified Mortgage Support Services platform was created to help originators and investors in non-QM products to manage increasing regulatory and enforceability risks.

Urban Institute: 4 positive ways FHA cuts will impact mortgages

Wed, 01/21/2015 - 16:31
There has been a lot of talk around the Federal Housing Administration's announcement that it is reducing mortgage insurance premiums. Here are four reasons the Urban Institute thinks it's good news for the mortgage industry.

LRES buys Lenders Choice

Wed, 01/21/2015 - 15:53
In its latest growth initiative, LRES announced it has acquired Lenders Choice, a residential real estate appraisal management company providing valuation services specifically for the mortgage industry.

Redfin’s Richardson: Quiet shift in housing policy has big implications

Wed, 01/21/2015 - 14:36
In an insightful commentary in Forbes, Redfin Chief Economist Nela Richardson notices something from the State of the Union address that few have remarked on — the future role of housing.

New York AG to SCOTUS: Uphold disparate impact in housing

Wed, 01/21/2015 - 14:30
The Supreme Court of the United States is hearing the case of Texas Dept. of Housing vs. Inclusive Communities Project, and while many in the industry welcome the expected rejection of disparate impact theory in housing, others oppose overturning its use. Here’s why.

Nationstar scoops huge Fannie, Freddie mortgage servicing portfolio

Wed, 01/21/2015 - 13:38
Nationstar has closed on the purchase of another mortgage servicing rights portfolio. As a result, the nonbank servicer has officially acquired $43 billion in servicing portfolios since the end of the second quarter 2014.

UBS Group acquires passive stake in Trulia, Zillow

Wed, 01/21/2015 - 13:22
The international financial services firm is taking a stake in the two online real estate giants. Here's what we know so far.