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People of color, young borrowers likelier to file credit disputes: CFPB

National Mortgage
Mortgage Finance
4 years ago

WASHINGTON — Families in majority Black and Hispanic communities, younger consumers, and those with low credit scores have a higher,.. Read More;

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Pretium acquires fix-and-flip lender Anchor Loans

National Mortgage
Mortgage Finance
4 years ago

Investment management company Pretium's acquisition of fix-and-flip lender Anchor Loans kicks off an expansion of the company’s mortgage-related assets.Pretium purchased,.. Read More;

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Congress coalescing around need for Libor replacement bill

National Mortgage
Mortgage Finance
4 years ago

WASHINGTON — Congress is moving closer to advancing legislation to address potential fallout from the transition to a new interest,.. Read More;

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New Residential sees more acquisitions in the cards

National Mortgage
Mortgage Finance
4 years ago

Following its recent acquisitions of Caliber Home Loans and Genesis Capital, further deals are likely forthcoming at New Residential, executives,.. Read More;

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Zillow shuts home-flipping business after racking up losses

National Mortgage
Mortgage Finance
4 years ago

The Zillow app Photographer: Tiffany Hagler-Geard/BloombergTiffany Hagler-Geard/Photographer: Tiffany Hagler-GeaZillow Group Inc. is pulling the plug on its tech-powered home-flipping operation,.. Read More;

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Significant slowdown in home price growth forecasted for 2022

National Mortgage
Mortgage Finance
4 years ago

Nationwide home price growth is in line for a massive deceleration over the next 12 months as the effect of,.. Read More;

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Number of borrowers with refinance incentive plunges as rates rise

National Mortgage
Mortgage Finance
4 years ago

The increase in financing costs since September’s Federal Open Market Committee meeting has diminished mortgage prospects by 34%, according to,.. Read More;

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Fed to taper in November amid inflation concerns, economists say

National Mortgage
Mortgage Finance
4 years ago

The Marriner S. Eccles Federal Reserve building in Washington, D.C., U.S., on Friday, Oct. 8, 2021. The Senate approved legislation,.. Read More;

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Wells Fargo employees feared for their jobs, consumer banking head says

National Mortgage
Mortgage Finance
4 years ago

After Mary Mack became Wells Fargo’s head of consumer banking in 2016, she embarked on a multi-city listening tour that,.. Read More;

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Forborne mortgages at GSEs now make up less than 1% of their volume

National Mortgage
Mortgage Finance
4 years ago

Forbearance exits slowed from their previously accelerated pace in the past week, but the number of distressed loans held by,.. Read More;

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Cenlar consent order is wakeup call for nonbanks

National Mortgage
Mortgage Finance
4 years ago

Last week, the world of mortgage servicing got an unpleasant surprise. Cenlar FSB, the nation’s largest subservicer of residential mortgages,,.. Read More;

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Amid legal dramas, LoanDepot's market share grew in 3Q

National Mortgage
Mortgage Finance
4 years ago

The negative publicity about loanDepot's workplace culture apparently had little effect on the company's third quarter operations.During the conference call,,.. Read More;

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