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Black borrower takes appraisal racial bias claims to HUD, CFPB

National Mortgage
Mortgage Finance
3 years ago

A Black borrower is accusing appraisers and a lender of racial bias, claiming in complaints to housing regulators the firms,.. Read More;

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Mortgage activity falls alongside declining inventory

National Mortgage
Mortgage Finance
3 years ago

Mortgage application activity declined from an early 2023 surge, as a rapid rise in interest rates kept borrowers away last,.. Read More;

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CFPB is 'not holding back' despite cloud of uncertainty from Supreme Court

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — The Consumer Financial Protection Bureau is plowing ahead with a busy enforcement agenda despite a cloud of uncertainty,.. Read More;

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Rocket has $493M loss in 4Q, teases homeownership credit card rewards

National Mortgage
Mortgage Finance
3 years ago

Rocket Cos. lost $493 million in the fourth quarter, but management emphasized its long term goals and its recent expense,.. Read More;

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Ocwen takes quarterly loss on drop in MSR values

National Mortgage
Mortgage Finance
3 years ago

Declines in asset valuations and tepid originations amid a decline in rates drove a fourth-quarter loss at Ocwen Financial, but,.. Read More;

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Prosperity Home Mortgage acquires consumer direct lender

National Mortgage
Mortgage Finance
3 years ago

Prosperity Home Mortgage, a lender under the massive Berkshire Hathaway real estate umbrella, has acquired direct-to-consumer business JFQ Lending, it,.. Read More;

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LO accused of fabricating child support income docs for underwriting

National Mortgage
Mortgage Finance
3 years ago

A St. Cloud, Florida-based loan officer is accused of concocting child support documents, income statements and forging signatures of government,.. Read More;

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Black home equity grew faster than other groups in the pandemic: Zillow

National Mortgage
Mortgage Finance
3 years ago

Black homeowners recorded the highest growth rate in residential property equity compared with other groups since the start of the,.. Read More;

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There's no easy way out of the structural housing shortage

National Mortgage
Mortgage Finance
3 years ago

WASHINGTON — Politics, like medicine, is a discipline that requires the practitioner to identify the most urgent needs and address,.. Read More;

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Housing cools further, with prices down 2.7% from peak

National Mortgage
Mortgage Finance
3 years ago

Home prices in the U.S. declined for a sixth straight month, sending a key index of values down 2.7% from,.. Read More;

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Fannie Mae likely falling short on two 2022 affordable housing goals

National Mortgage
Mortgage Finance
3 years ago

Since 2010 the Federal Housing Finance Agency has established annual affordable housing goals for Fannie Mae and Freddie Mac.  There,.. Read More;

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Black Knight 4Q earnings fall 71% from previous year

National Mortgage
Mortgage Finance
3 years ago

Black Knight's fourth quarter net earnings were down 71% year-over-year, largely the result of the slowing mortgage industry, even though,.. Read More;

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