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FHFA: Federal Home Loan Banks can't be a lender of last resort

National Mortgage
Mortgage Finance
2 years ago

The Federal Housing Finance Agency on Tuesday published its long-awaited report on the future of the Federal Home Loan Bank,.. Read More;

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Newly delinquent credit card users now top pre-pandemic levels: New York Fed

National Mortgage
Mortgage Finance
2 years ago

U.S. credit card balances continued to climb above $1 trillion last quarter, while the number of newly delinquent credit card,.. Read More;

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Ocwen maintains profitability with servicing income

National Mortgage
Mortgage Finance
2 years ago

Ocwen Financial remained profitable in the second consecutive quarter despite downward pressure from thin correspondent lending margins and negative reverse-mortgage,.. Read More;

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As funding showdown looms, GOP targets international bank regulation

National Mortgage
Mortgage Finance
2 years ago

  Rep. Andy Barr, R-Ky., questioned the Basel III endgame capital proposal and its origins as an outgrowth of,.. Read More;

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A record number of consumers say it's a bad time to buy a home

National Mortgage
Mortgage Finance
2 years ago

A record number of consumers said right now is a bad time to purchase a home, as they are still,.. Read More;

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NYC, San Francisco offices brace for pain from WeWork bankruptcy

National Mortgage
Mortgage Finance
2 years ago

WeWork Inc.'s collapse is spreading through the battered commercial real estate industry, threatening to upend dozens of leases in cities,.. Read More;

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'This is a good one': Fed's Waller not fretting yield curve inversion

National Mortgage
Mortgage Finance
2 years ago

Federal Reserve Gov. Christopher Waller said in a speech Tuesday that the inverted yield curve — when interest rates on,.. Read More;

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3 steps mortgage lenders should take to future-proof their business

National Mortgage
Mortgage Finance
2 years ago

For the home financing industry it's been a tough few years of job cuts, branch closures, buyouts and bellyups. While,.. Read More;

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Lenders and vendors flock to fix-and-flip lending

National Mortgage
Mortgage Finance
2 years ago

New Western, which works with investors in fix-and-flip properties, has migrated its affiliated lender, Sherman Bridge, into its own marketplace,.. Read More;

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Biden administration decries GOP funding cuts to financial services

National Mortgage
Mortgage Finance
2 years ago

The Republican leadership in the House of Representatives unveiled a budget proposal that would slash funding to the Treasury Department,.. Read More;

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Lenders aren't targeting right customers for new loans, ICE says

National Mortgage
Mortgage Finance
2 years ago

Mortgage lender customer retention, normally an issue during refinance waves, is at a 17-year low, as lenders are missing the,.. Read More;

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FHA extends waivers for in-person meetings into 2024

National Mortgage
Mortgage Finance
2 years ago

Some temporary pandemic-era flexibilities around contact when borrowers are showing signs of distress will continue next year, according to the,.. Read More;

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