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Wells Fargo fires mortgage staff for misuse of appraisal waivers

National Mortgage
Mortgage Finance
4 years ago

Wells Fargo fired an undisclosed number of mortgage staff for misconduct over their efforts to obtain waiver appraisals, the bank,.. Read More;

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Maxwell product allows real estate agents to offer mortgages

National Mortgage
Mortgage Finance
4 years ago

Mortgage fintech Maxwell hopes its new product can turn more businesses into home lenders by eliminating some of the hurdles,.. Read More;

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Majority of older homeowners plan to age in place

National Mortgage
Mortgage Finance
4 years ago

A majority of the nation’s older homeowners plan to age in place and leave their home, or the money from,.. Read More;

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Not a lot of momentum to reform outdated flood insurance program

National Mortgage
Mortgage Finance
4 years ago

After five years of stopgap extensions, there is bipartisan support for a long-term overhaul of the National Flood Insurance Program,.. Read More;

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FHFA Chief Sandra Thompson confirmed by narrow margin

National Mortgage
Mortgage Finance
4 years ago

The Biden administration’s nominee to head the Federal Housing Finance Agency, Sandra Thompson, was confirmed by a 49 to 46,.. Read More;

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Homepoint adds jumbo ARM to meet demand

National Mortgage
Mortgage Finance
4 years ago

Homepoint is adding a jumbo adjustable-rate mortgage product to its wholesale menu as demand for these loans increases amid higher,.. Read More;

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Feds balance-sheet unwind puts treasuries on uncertain path

National Mortgage
Mortgage Finance
4 years ago

The Treasuries market is girding for potential disruptions from the next and trickiest stage of policy makers’ tightening campaign: the,.. Read More;

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Mortgage volumes edge downward as high rates dry up refinances

National Mortgage
Mortgage Finance
4 years ago

Mortgage activity inched downward for a second straight week, as purchases came in flat while refinances continued their decline. The Mortgage,.. Read More;

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CFPB scraps fintech sandbox program with changes to innovation office

National Mortgage
Mortgage Finance
4 years ago

Consumer Financial Protection Bureau Director Rohit Chopra has scrapped a fintech sandbox program that issued “no-action” letters to startup companies,,.. Read More;

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Mortgage servicer sued by borrowers over data breach

National Mortgage
Mortgage Finance
4 years ago

Another mortgage servicer is facing multiple federal class action lawsuits over a large data breach it suffered last year.Plaintiffs in,.. Read More;

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Compliance on MERS rules impaired by high volume, low staff

National Mortgage
Mortgage Finance
4 years ago

High volumes combined with a lack of staff resulted in an increase in problematic quality assurance findings in 2021 MERS,.. Read More;

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Ginnie Mae launches next phase of digital collateral program

National Mortgage
Mortgage Finance
4 years ago

Ginnie Mae is making it easier for a greater number of issuers to use digital collateral in the securitizations it,.. Read More;

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