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Wells Fargo agrees to $94 million settlement in forbearance suit

National Mortgage
Mortgage Finance
3 years ago

Wells Fargo has agreed to pay $94 million to settle a class-action lawsuit brought by mortgage borrowers who said they,.. Read More;

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Shrinking home prices led to more sales in August

National Mortgage
Mortgage Finance
3 years ago

August's average accepted offer on a single-family property was one percentage point below the list price, which drove a month-to-month,.. Read More;

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Hybrid appraisal waivers offer savings but delegating can be tricky

National Mortgage
Mortgage Finance
3 years ago

Bonnie Sinnock Hybrid appraisal waivers, which allow for the collection of supplemental property level data from a nontraditional,.. Read More;

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All About Variable Rates

GLM Mortgage Group
Mortgage Finance
3 years ago

All About Variable RatesVariable rates are based on Prime Rate and the Bank of Canada’s overnight rate, can cause fluctuating,.. Read More;

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Second charge lending reaches new post-financial crisis record in August: Loans Warehouse

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The latest figures also show a post-financial crisis record has been set for the fourth consecutive month with August providing,.. Read More;

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Two- and five-year fix prices rise 13 basis points, Moneyfacts says

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The former ended the week at 4.66% and the latter, 4.67%. Meanwhile, the average rate for a three-year fix increased by,.. Read More;

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Three-quarters of buyers and sellers confident of brisk home sales: OnTheMarket

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The home selling website says 73% of active buyers in August were confident they would buy a property within three,.. Read More;

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With rates at 6%, what's next? Mortgage vets weigh in

National Mortgage
Mortgage Finance
3 years ago

Even as mortgage rates broke the 6% barrier as measured by Freddie Mac, the market is likely to stabilize soon,.. Read More;

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Banks, consumer advocates urge CFPB to rein in nonbank personal lenders

National Mortgage
Mortgage Finance
3 years ago

Two rare allies — a consumer group and bank trade association — are urging the Consumer Financial Protection Bureau to,.. Read More;

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Fannie Mae hires Anthony Moon as new chief risk officer

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae is hiring Anthony Moon, currently an executive at Morgan Stanley, as its new executive vice president and chief,.. Read More;

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CFPB, FTC say court ruling would undercut credit reporting law

National Mortgage
Mortgage Finance
3 years ago

The Consumer Financial Protection Bureau and the Federal Trade Commission say that a 2021 federal court decision could limit protections,.. Read More;

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Home prices in New York, Chicago most at risk of downturn

National Mortgage
Mortgage Finance
3 years ago

Homes in and around New York City and Chicago are most vulnerable to price declines in a potential economic downturn,,.. Read More;

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