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Two reports present very different pictures of appraisal bias

National Mortgage
Mortgage Finance
4 years ago

Automated valuations tested on 50 ZIP codes in Chicago yielded no signs of racial bias, even on undervalued properties where,.. Read More;

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LoanCare lays off undisclosed number of workers

National Mortgage
Mortgage Finance
4 years ago

Mortgage subservicer LoanCare conducted a round of layoffs on June 17, as the need to assist borrowers affected by the,.. Read More;

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Price cuts hit the pandemics hottest housing markets: Redfin

National Mortgage
Mortgage Finance
4 years ago

The real estate hot spots during the pandemic are among the metropolitan areas with the largest share of home listing,.. Read More;

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Enacts CEO on recession worries, post-IPO changes and more

National Mortgage
Mortgage Finance
4 years ago

The insurer’s stock has consistently been above its initial $19-per-share price, unlike those of the mortgage originators who recently went,.. Read More;

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Delaying CFPBs data sharing rule will only create more problems down the road

National Mortgage
Mortgage Finance
4 years ago

In 2010, Congress bestowed upon the Consumer Financial Protection Bureau the authority to create an open banking regime in the,.. Read More;

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Flagstar Bank says hack impacted 1.5 million customers

National Mortgage
Mortgage Finance
4 years ago

Flagstar Bank experienced a massive data breach last winter impacting over 1.5 million of its customers, the company reported.In a,.. Read More;

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Sales of previously owned homes fall to an almost two-year low

National Mortgage
Mortgage Finance
4 years ago

Sales of previously owned U.S. homes fell for a fourth month in May, receding to the lowest level in nearly,.. Read More;

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U.S. house prices are likely to drop as rates rise, capital economics says

National Mortgage
Mortgage Finance
4 years ago

U.S. house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics.Property,.. Read More;

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How technology will reshape mortgage jobs of the future

National Mortgage
Mortgage Finance
4 years ago

New digital strategies and tech-savvy clientele are requiring companies to change how they approach their work, as automation continues transforming,.. Read More;

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CFPB to revisit QM rule, New Residential renames itself, Wells Fargo disputes suits and more of the week's top news

National Mortgage
Mortgage Finance
4 years ago

Also, Notarize announces layoff, Lower reveals a cyberattack and M&A activity heats up.,.. Read More;

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New Residential rebrands itself to Rithm Capital

National Mortgage
Mortgage Finance
4 years ago

New Residential Investment Corp., the mortgage real estate investment trust and parent company to nonbank lender Newrez, is changing its,.. Read More;

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Ginnie Mae again extends issuer COVID relief compliance

National Mortgage
Mortgage Finance
4 years ago

Ginnie Mae again extended pandemic relief measures put in place to ease the burden on issuers when it comes to,.. Read More;

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