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CFPB sets record for fair lending enforcement actions and DOJ referrals

National Mortgage
Mortgage Finance
2 years ago

The Consumer Financial Protection Bureau released its annual fair lending report to Congress Wednesday, detailing 18 cases referred to the,.. Read More;

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NYMT raises funds via notes to buy more residential assets

National Mortgage
Mortgage Finance
2 years ago

New York Mortgage Trust has priced a total of $60 million in 9.125% senior, unsecured notes due to mature on,.. Read More;

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Only one large U.S. housing market qualifies as affordable

National Mortgage
Mortgage Finance
2 years ago

The buying power of those looking to purchase their first home declined year-over-year for the three-month period ended March 31,.. Read More;

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New-home sales slump to slowest pace since November

National Mortgage
Mortgage Finance
2 years ago

New-home sales in the U.S. slumped in May as elevated prices and mortgage rates continued to challenge the housing market.New,.. Read More;

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Are boomers too emotionally attached to list their homes?

National Mortgage
Mortgage Finance
2 years ago

Emotions have long played a role in consumer perceptions of homeownership, but a study from Opendoor looks to quantify, especially,.. Read More;

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Home buyers nudge mortgage volumes higher for a third week

National Mortgage
Mortgage Finance
2 years ago

Mortgage application volumes inched upward in a holiday-shortened week, driven largely by the return of buyers in the government-loan market,,.. Read More;

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Is the regional manager becoming extinct in mortgage lending?

National Mortgage
Mortgage Finance
2 years ago

A lackluster origination market has pushed some mortgage lenders to shed their middle management as a way to cut costs,,.. Read More;

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HUD grants $85 million for affordable housing

National Mortgage
Mortgage Finance
2 years ago

The Biden Administration is awarding $85 million in grants to 21 local governments to build affordable housing in what officials,.. Read More;

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Voxtur seeks more transparency from dissident investors

National Mortgage
Mortgage Finance
2 years ago

North American mortgage technology firm Voxtur Analytics alleged Tuesday that a dissident investor group backing a new slate of board,.. Read More;

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CFPB gives approval to new rules governing AI tools in appraisals

National Mortgage
Mortgage Finance
2 years ago

The Consumer Financial Protection Bureau enhanced its support through commentary to rules issued last week that will regulate the use,.. Read More;

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Fed's Cook says rate cut needed but timing unclear

National Mortgage
Mortgage Finance
2 years ago

Federal Reserve Governor Lisa Cook said it will be appropriate to reduce interest rates "at some point," adding that she,.. Read More;

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How Sathish Muthukrishnan sold generative AI to Ally execs

National Mortgage
Mortgage Finance
2 years ago

Sathish Muthukrishnan felt freedom to experiment with generative artificial intelligence at Ally Financial after asking then-CEO Jeffrey Brown if the,.. Read More;

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