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CFPBs questions to banks suggest new frontiers in fair-lending scrutiny

National Mortgage
Mortgage Finance
4 years ago

Banks have recently gotten hints about specific types of fair-lending cases the Consumer Financial Protection Bureau may be interested in,.. Read More;

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Senators point to familiar scapegoats for supply crisis

National Mortgage
Mortgage Finance
4 years ago

Senators Thursday took turns blaming the government and investors for the nation’s expensive, tight housing market during a hearing meant,.. Read More;

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Ally Home adds three states to its mortgage footprint

National Mortgage
Mortgage Finance
4 years ago

Ally Home, the mortgage lending unit of Ally Bank, has expanded its operations to 46 states, adding Massachusetts, Vermont and,.. Read More;

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ICE to offer mortgage hedges based on rate locks

National Mortgage
Mortgage Finance
4 years ago

Intercontinental Exchange, the parent of ICE Mortgage Technology and the New York Stock Exchange, is launching two futures contracts based,.. Read More;

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Mortgage rates jump by over 50 basis points in two weeks

National Mortgage
Mortgage Finance
4 years ago

Mortgage rates surged over the past week, with the 30-year average crossing the 4.5% threshold, and economists expect further increases,.. Read More;

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Massachusetts man sentenced for role in short-sale assistance fraud

National Mortgage
Mortgage Finance
4 years ago

A principal who ran a short-sale assistance firm received a seven-month prison sentence this week for participating in a scheme,.. Read More;

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"Bite" must accompany the "bark" of affordable housing support

National Mortgage
Mortgage Finance
4 years ago

Among Wells Fargo EVP and Head of Home Lending Kristy Fercho's first moves as incoming chairman of the Mortgage Bankers,.. Read More;

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FHA issues guidance on property preservation expenses

National Mortgage
Mortgage Finance
4 years ago

The Department of Housing and Urban Development issued a mortgagee letter aimed at clarifying contingencies around property protection and preservation,.. Read More;

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CMBS delinquencies hold steady in March

National Mortgage
Mortgage Finance
4 years ago

Delinquency rates among commercial mortgage-backed securities (CMBS) deals were 3.3% in March, unchanged from February, but retail and mixed-use properties,.. Read More;

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Home renovations plans driven by high home prices

National Mortgage
Mortgage Finance
4 years ago

Rising home values is the primary reason why nearly eight in 10 homeowners would rather renovate than move, according to,.. Read More;

post

Purchases increase slightly to start spring season

National Mortgage
Mortgage Finance
4 years ago

Mortgage activity slowed for the third week in a row, brought down by refinance numbers, which continued their decline. Purchases,,.. Read More;

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Home Partners issues $952.8 million in RMBS in single-family rentals

National Mortgage
Mortgage Finance
4 years ago

Home Partners of America is preparing its first transaction of 2022, with a $952.8 million securitization of first-priority mortgages on,.. Read More;

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