Mortgage demand increased for the first time in a month

Mortgage demand increased slightly for the first time in four weeks, with a modest uptick in refinance applications leading the way. But don’t expect it to continue.Mortgage applications increased by 0.1% on a seasonally adjusted basis during the week ending April 5, according to the Mortgage Banker
Read MoreState financial regulators and FHFA enter mortgage information sharing agreement

The Conference of State Bank Supervisors (CSBS) and the Federal Housing Finance Agency (FHFA) have signed onto a memorandum of understanding to formally share information between each other related to nonbank mortgage companies.“The [MOU] establishes substantive information sharing protocols between
Read MoreVA unveils new program to buy defaulted mortgages

The U.S. Department of Veteran Affairs (V.A.) announced on Wednesday morning a program to purchase defaulted V.A. loans from mortgage services and place them in its portfolio at a fixed 2.5% interest rate. The Veteran Affairs Servicing Purchase (VASP) program attempts to prevent foreclosure actions
Read MoreCFPB considers ban on charging buyers for lender’s title policy

The Consumer Financial Protection Bureau is considering a ban on mortgage banks charging homebuyers for the lender’s title insurance policy, according to a report by Bloomberg.Lender’s title policies protect lenders from issues that may arise with the title of the property, but they are paid by the
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