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U.S. new-home sales post surprise drop amid record-high prices

National Mortgage
Mortgage Finance
5 years ago

Sales of new U.S. homes dropped unexpectedly in May as elevated home prices weigh on affordability.Purchases of new single-family homes,.. Read More;

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President can fire FHFA director at will, Supreme Court says

National Mortgage
Mortgage Finance
5 years ago

WASHINGTON — The Supreme Court on Wednesday ruled that the leadership structure of the Federal Housing Finance Agency is unconstitutional,,.. Read More;

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Lower raises $100M, looks to challenge digital lenders Better, Rocket

National Mortgage
Mortgage Finance
5 years ago

Lower announced on Wednesday that it closed $100 million in a Series A fundraise.Accel, a venture capital firm, funded the,.. Read More;

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Loan modifications are up for the first time in a year, FHFA finds

National Mortgage
Mortgage Finance
5 years ago

Although the average borrower that suspended payments for pandemic hardships is most frequently choosing to resume their original obligations and,.. Read More;

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Homeowners are staying put for longest stretch in 20 years

National Mortgage
Mortgage Finance
5 years ago

Another rise in borrower purchasing power helped offset the historic lack of housing supply caused by “homebodies” who are holding,.. Read More;

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Forbearances drop to lowest level since April 2020

National Mortgage
Mortgage Finance
5 years ago

The past year of frenzied housing activity and economic recovery drove forbearances back down to levels not seen since the,.. Read More;

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Critical defects in mortgage files reach highest level in years

National Mortgage
Mortgage Finance
5 years ago

The critical mortgage loan file defect rate for 2020 was the highest since Aces Quality Management started tracking this data,.. Read More;

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Lenders, get your fair lending policies in order before it's too late

National Mortgage
Mortgage Finance
5 years ago

Beyond the obvious of lending money for real estate, the mortgage industry is known for two things: acronyms and evolving,.. Read More;

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U.S. existing home sales fell for a fourth straight month in May

National Mortgage
Mortgage Finance
5 years ago

Sales of previously owned U.S. homes fell for a fourth straight month in May as higher home prices and lean,.. Read More;

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Blend Labs makes its IPO registration statement public

National Mortgage
Mortgage Finance
5 years ago

Blend Labs took the next step in becoming a publicly-traded company with the San Francisco-based mortgage technology outfit's registration statement,.. Read More;

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Three arrested in South Florida property fraud case

National Mortgage
Mortgage Finance
5 years ago

Shirley Gibson, 86, made the annual trek to a Miami-Dade County office to pay her property taxes earlier this year,,.. Read More;

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National remote online notary bill reintroduced in Congress

National Mortgage
Mortgage Finance
5 years ago

A bill that would permit immediate nationwide use of remote online notarization was reintroduced in the current session of Congress,,.. Read More;

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