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No-doc loans show signs of growth under CDFI exemption

National Mortgage
Mortgage Finance
4 years ago

The volume of privately-securitized no-doc loans made by community development financial institutions is modest, but is growing along with their,.. Read More;

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US home-price appreciation accelerates for fourth month

National Mortgage
Mortgage Finance
4 years ago

Home-price growth in 20 U.S. cities picked up for the fourth straight month with Tampa, Florida, showing the biggest gains.A,.. Read More;

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ABA misses the mark in its defense of the Federal Home Loan banks

National Mortgage
Mortgage Finance
4 years ago

About six months ago I co-wrote a Bank Think article stating that, in light of its declining fortunes and its,.. Read More;

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20% of home sellers slashed list price in last 4 weeks: Redfin

National Mortgage
Mortgage Finance
4 years ago

A growing number of home sellers are lowering prices, a potential signal of easing housing costs after record-setting growth, according,.. Read More;

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Freddie Mac expands use of bank account data for verifications

National Mortgage
Mortgage Finance
4 years ago

Freddie Mac on Thursday confirmed an earlier promise by the head of its single-family division that it would be further,.. Read More;

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FHFA finalizes public disclosure rules for Freddie Mac and Fannie Mae

National Mortgage
Mortgage Finance
4 years ago

The Federal Housing Finance Agency issued its final rule regarding public disclosure requirements for Fannie Mae and Freddie Mac on,.. Read More;

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U.S. pending home sales drop for a sixth month in worst skid since 2018

National Mortgage
Mortgage Finance
4 years ago

A gauge of U.S. pending home sales fell in April for a sixth straight month as a steep climb in,.. Read More;

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CFPB warns consumer lenders on 'black-box' algorithms

National Mortgage
Mortgage Finance
4 years ago

Financial institutions that use complex algorithms in their lending decisions are legally required to provide a specific explanation to consumers,.. Read More;

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HELOC growth at fintechs points to potential shift for nonbanks

National Mortgage
Mortgage Finance
4 years ago

Figure Technologies on Wednesday recorded its sixth-consecutive record month of demand for its home equity lines of credit, adding to,.. Read More;

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Propy introduces blockchain title and escrow service

National Mortgage
Mortgage Finance
4 years ago

Propy Title & EscrowHand-out/Propy Propy, an online real estate company, has started offering title and escrow services on,.. Read More;

post

Recession worries cause mortgage rates to cool

National Mortgage
Mortgage Finance
4 years ago

Following sharp spikes driven by inflation worries, geopolitical concerns and Federal Reserve moves, mortgage rates have begun to reverse course,,.. Read More;

post

Mortgage payments keep rising by around $100 per month

National Mortgage
Mortgage Finance
4 years ago

The median obligation in purchase loan applications rose 8.8% to $1,889 in April from $1,736 in March, marking the third,.. Read More;

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