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Lennar starts cutting prices in cooling U.S. housing market

National Mortgage
Mortgage Finance
4 years ago

Lennar Corp. has started trimming prices and offering buyer incentives in some areas of the U.S. to bolster sales in,.. Read More;

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GAO: Fair-lending examinations at OCC lacking

National Mortgage
Mortgage Finance
4 years ago

The Office of the Comptroller of the Currency’s examination process on fair-lending practices is outdated, according to a new report,.. Read More;

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Republicans seek delays to housing bills, citing inflation

National Mortgage
Mortgage Finance
4 years ago

“How does establishing a $100 billion down-payment assistance program keep housing costs down, or not exacerbate inflation?" Rep. Patrick McHenry,,.. Read More;

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Increased hurricane damages likely in 2022

National Mortgage
Mortgage Finance
4 years ago

Expectations of a more active hurricane season, driven by climate change, contributed to a year-over-year increase in CoreLogic's reconstruction cost,.. Read More;

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Mortgage activity increases for second straight week

National Mortgage
Mortgage Finance
4 years ago

After mortgage applications had been coming in at their most sluggish pace in years, activity increased for two consecutive weeks.,.. Read More;

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First-mortgage default rate rises to high not seen since March 2021

National Mortgage
Mortgage Finance
4 years ago

The rate at which traditional mortgage accounts went into default rose another notch in May to a high not seen,.. Read More;

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Powell sees ongoing Fed rate hikes needed to tame hot inflation

National Mortgage
Mortgage Finance
4 years ago

Federal Reserve Chair Jerome Powell said the central bank will keep raising interest rates to tame inflation following the steepest,.. Read More;

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Reverse mortgage lenders vie for baby boomers amid rate surge

National Mortgage
Mortgage Finance
4 years ago

Home equity conversion mortgage endorsements declined in April, as surging rates could be shifting some business from the Federal Housing,.. Read More;

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Blow up the Community Reinvestment Act and start from scratch

National Mortgage
Mortgage Finance
4 years ago

The Community Reinvestment Act was enacted in 1977 “to address inequities in access to credit for low- and moderate-income individuals,.. Read More;

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Meta settles claims that ads violated fair housing laws

National Mortgage
Mortgage Finance
4 years ago

Meta Platforms Inc. will change its ad delivery system to address concerns that it violates the Fair Housing Act by,.. Read More;

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These housing markets are most vulnerable to declining values

National Mortgage
Mortgage Finance
4 years ago

The regions that could be most vulnerable to depreciation based on loan-to-value ratios, mortgage performance, housing costs and local incomes,.. Read More;

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JPMorgan lays off hundreds in mortgage business after rate surge

National Mortgage
Mortgage Finance
4 years ago

JPMorgan Chase is laying off hundreds of home-lending employees and reassigning hundreds more this week as rapidly rising mortgage rates,.. Read More;

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