The proposal from Trump is a reminder that the industry must evolve, Darryl Davis writes, but evolution without diligence can lead to structural weakness
The Trump administration says it's also looking at assumable mortgages and 'ways to give relief' on 5- and 10-year loans, after mortgage experts pan 50-year mortgages as bad deal for borrowers
30-year loans of up to $5M provided by Florida-based Milo Credit LLC allow investors to avoid capital gains taxes — and don't require down payments, credit scores or US citizenship
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
Non-QM lender fires three-quarters of its workforce, saying it's experienced 'significant operating losses and cash flow challenges' and has been unable to obtain funding
Fannie and Freddie will use new price-based qualified mortgage rule for loans with settlement dates after Aug. 31
After 6 months of easing, credit availability tightened by 8.5% in June
Bureau pushes back mandatory compliance date despite industry concerns
Mortgage Bankers Association says lenders have been gearing up for changes, and new standards will actually increase access to credit
The Consumer Finance Protection Bureau signaled an interest in ending a temporary exemption that allows government-backed loans to exceed 43 percent debt-to-income ratio
A new administration in Washington, growing demand from young families and lenders committed to the non-QM market are creating a new lending environment
Celebrating 'little wins' can have tremendous influence on one's success
CoreLogic: Return of private capital hinges on confidence in lending process
Real estate industry warns of credit crunch if thousands of homebuyers are moved into 'jumbo' territory