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Class action suit lodged against Celebrity Home Loans

National Mortgage
Mortgage Finance
3 years ago

A class action complaint has been lodged against Oakbrook Terrace, Illinois-based Celebrity Home Loans for its "callous" decision to shutdown,.. Read More;

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How private mortgage insurers plan to weather 2023 downturn

National Mortgage
Mortgage Finance
3 years ago

The active private mortgage insurers have sufficient capital on hand to meet the requirements to keep their counterparty status with,.. Read More;

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Mortgage disclosure proposal aims to boost home construction

National Mortgage
Mortgage Finance
3 years ago

A banking industry trade group is proposing adding new language to current mortgage disclosures, which they say will stimulate demand,.. Read More;

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CrossCountry Mortgage executive discusses expansion

National Mortgage
Mortgage Finance
3 years ago

Brett Dillenberg oversees six branches previously under the umbrella of LendUS that were acquired by the Ohio-based lender last year.,.. Read More;

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Servicers helped 5M COVID-impacted borrowers stay in homes

National Mortgage
Mortgage Finance
3 years ago

Servicer efforts to assist borrowers following the expiration of CARES Act relief measures helped 5 million households avoid property loss,,.. Read More;

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Flagstar gives $1 million to fix appraisal industry's lack of diversity

National Mortgage
Mortgage Finance
3 years ago

The $1 million donation by Flagstar Bank will go toward the recruitment and credentialing of diverse trainees, as well as,.. Read More;

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Fed says more rate hikes are needed to curb inflation

National Mortgage
Mortgage Finance
3 years ago

The Federal Reserve said that further interest-rate hikes would be required to restore price stability."The committee is strongly committed to,.. Read More;

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The CRA has little impact on household credit. Can regulators change that?

National Mortgage
Mortgage Finance
3 years ago

For a law meant to undo the harms of discriminatory lending practices of the past, the Community Reinvestment Act has,.. Read More;

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FHA may loosen its branch registration requirements

National Mortgage
Mortgage Finance
3 years ago

The Federal Housing Administration is proposing to scale back the office registration requirement for the mortgage companies making the loans,.. Read More;

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FHFA's Thompson has charted right course for Home Loan bank reform

National Mortgage
Mortgage Finance
3 years ago

FHFA Director Sandra Thompson (pictured) "faces huge political obstacles in reforming this nearly century-old bureaucracy," write two critics of the,.. Read More;

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Home prices fall from year ago in first since 2012, Redfin says

National Mortgage
Mortgage Finance
3 years ago

U.S. home prices hit a turning point last month, dropping from a year ago for the first time since 2012,,.. Read More;

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Rocket, UWM shed thousands of workers in 2022

National Mortgage
Mortgage Finance
3 years ago

Two of the biggest lenders in the industry shed thousands of employees each during 2022, they revealed in new financial,.. Read More;

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