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Freddie Mac second lien program shouldn't go ahead yet, MBA says

National Mortgage
Mortgage Finance
2 years ago

The proposal for Freddie Mac to purchase certain closed-end second-lien mortgages likely fits with its mission but the proposal as,.. Read More;

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What Fannie Mae predicts for 2024

National Mortgage
Mortgage Finance
2 years ago

Fannie Mae is predicting less originations this year but also resilient home sales in the face of wavering economic indicators. Economists,.. Read More;

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Lenders One offers its members home, auto insurance options

National Mortgage
Mortgage Finance
2 years ago

Lenders One, a cooperative for companies in the financial services sector, announced its members now have access to insurance products,,.. Read More;

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Refinances push mortgage activity higher for third straight week

National Mortgage
Mortgage Finance
2 years ago

Loan application volumes increased last week, as government-backed refinances maintained their upward trend, according to the Mortgage Bankers Association.The MBA's,.. Read More;

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Existing-home sales unexpectedly fall, prices stay high

National Mortgage
Mortgage Finance
2 years ago

Sales of U.S. existing homes unexpectedly fell for a second month in April, adding to evidence that the resale market,.. Read More;

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VA to issue temporary measures addressing Realtor commissions

National Mortgage
Mortgage Finance
2 years ago

The U.S. Department of Veterans Affairs will temporarily loosen policy restrictions regarding commission payments that put buyers using its loans,.. Read More;

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Rocket Mortgage settles overtime class action for $3.5 million

National Mortgage
Mortgage Finance
2 years ago

Rocket Mortgage is moving to settle an overtime class action suit lodged against it last year in Arizona, agreeing to,.. Read More;

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Treat home insurance costs like a 1-year ARM, climate risk experts say

National Mortgage
Mortgage Finance
2 years ago

The mortgage market needs to start treating homeowners insurance like it does a one-year adjustable mortgage due to climate-related issues,,.. Read More;

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Sage Home Loans in settlement talks over data breach lawsuit

National Mortgage
Mortgage Finance
2 years ago

Sage Home Loans is reportedly in settlement talks with victims of a data breach, who sued the lender after a,.. Read More;

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CFPB calls out "price gouging" in credit reporting

National Mortgage
Mortgage Finance
2 years ago

Consumer Financial Protection Bureau Director Rohit Chopra called out the credit reporting industry and the strain their recent fee hikes,.. Read More;

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FHA greenlights higher fee for assumptions

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Administration on Monday markedly increased what lenders can charge when a new borrower assumes a loan. The FHA,.. Read More;

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Bank of America, MBA predict rates will hit 6.5% by year-end

National Mortgage
Mortgage Finance
2 years ago

Current long-term inflation expectations among Americans remain close to pre-pandemic levels, a sign that they believe the Federal Reserve will,.. Read More;

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