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CFPB fines BofA $12M for failing to collect data on mortgage applicants

National Mortgage
Mortgage Finance
2 years ago

The Consumer Financial Protection Bureau fined Bank of America $12 million over Home Mortgage Disclosure Act violations where loan officers,.. Read More;

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Home prices hit record with eight straight months of gains

National Mortgage
Mortgage Finance
2 years ago

Home prices extended their climb, reaching a fresh record high.A national gauge of prices rose 0.7% in September from August,,.. Read More;

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AI will kill (some) mortgage jobs. One exec says that's a good thing

National Mortgage
Mortgage Finance
2 years ago

Katherine Campbell, former chief marketing officer at AnnieMac Home Mortgage, is no stranger to jumping into something new.In the 1990s,,.. Read More;

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RIP BSBY: Bloomberg to shut down its lagging Libor replacement

National Mortgage
Mortgage Finance
2 years ago

A Bloomberg spokesperson said the discontinuation of BSBY, which lagged in the race to succeed the defunct Libor rate, was,.. Read More;

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Commercial delinquencies jump at banks

National Mortgage
Mortgage Finance
2 years ago

Late payments on income-producing loans at depositories recently experienced their largest jump in at least five years as concerns in,.. Read More;

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Loandepot faces class action lawsuit over pay-to-pay charges

National Mortgage
Mortgage Finance
2 years ago

A West Virginia couple is suing Loandepot, alleging it illegally charged them for payments made by phone, in the latest,.. Read More;

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New-home sales fall as high mortgage rates weigh on demand

National Mortgage
Mortgage Finance
2 years ago

U.S. sales of new houses fell in October after a downward revision to the prior month as decades-high mortgage rates,.. Read More;

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How rate volatility is changing reverse mortgages

National Mortgage
Mortgage Finance
2 years ago

Reverse mortgages have a history of evolving in response to market stresses, and the recent gyrations in interest rates are,.. Read More;

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Is portability the cure to the mortgage market's woes?

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Finance Agency said it is not currently exploring the feasibility of portable mortgages, but the fringe idea,.. Read More;

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Mortgage application volume rises to highest level in 6 weeks

National Mortgage
Mortgage Finance
2 years ago

Mortgage activity picked up for a third straight week, with growth observed among first-time buyers, the Mortgage Bankers Association saidThe,.. Read More;

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Recession in '24 still more likely than soft landing, Fannie Mae says

National Mortgage
Mortgage Finance
2 years ago

While admitting current economic conditions are increasing the chances for a soft landing, Fannie Mae Chief Economist Doug Duncan is,.. Read More;

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Mortgage rates slide but not enough to alleviate housing crunch

National Mortgage
Mortgage Finance
2 years ago

Mortgage rates moved down again, further backing away from the 8% mark it previously threatened, as the benchmark 10-year Treasury,.. Read More;

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