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Appraisers facing stricter oversight from financial regulators

National Mortgage
Mortgage Finance
3 years ago

CFPB Director Rohit Chopra said his agency and others will exercise their “dormant authority” to apply regulatory scrutiny to the,.. Read More;

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Senators call for more data backing appraisal bias proposals

National Mortgage
Mortgage Finance
3 years ago

Bipartisan lawmakers Thursday called on the Biden Administration’s task force on combating home appraisal bias to release more data backing,.. Read More;

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Declining mortgage affordability quantified in new index

National Mortgage
Mortgage Finance
3 years ago

Affordability for home buyers decreased in February by 6.3% from the month before, according to a new monthly metric from,.. Read More;

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Feds Waller says inflation measures risk understating housing costs

National Mortgage
Mortgage Finance
3 years ago

Federal Reserve Governor Christopher WallerAndrew Harrer/BloombergFederal Reserve Governor Christopher Waller said longer-run structural issues will continue to put upward pressure,.. Read More;

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Treasury market braces for Feds quantitative tightening

National Mortgage
Mortgage Finance
3 years ago

Joshua Roberts/BloombergA fresh wave of volatility threatens the battered U.S. Treasury market — and this time it’s all thanks to,.. Read More;

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Mortgage rates surge to 3-year high following Fed hike

National Mortgage
Mortgage Finance
3 years ago

Mortgage rates accelerated following last week’s Federal Reserve meeting, with the 30-year average now at its highest in over three,.. Read More;

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Remortgages rise by 51% in February: LMS

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It adds that 23% of remortgages were completed in the month, compared to January, adding that activity “will almost certainly,.. Read More;

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Prime second charge borrower numbers inch up

Mortgage Finance Gazette
Mortgage Finance
3 years ago

It says the second-charge product split by volume of mortgages is 73% for traditional debt consolidation borrowers, compared to 27%,.. Read More;

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Stonebridge says mortgage applications jumped by 19% in 2021

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The network added that its volume of lending via applications also lifted 24% in 2021 compared to the year before,,.. Read More;

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Mr. Cooper agrees to buy servicing assets from Bayview unit

National Mortgage
Mortgage Finance
3 years ago

Mr. Cooper has signed a definitive agreement with a Bayview Asset Management subsidiary to buy servicing of approximately 140,000 residential,.. Read More;

post

Rise in wire fraud partially attributed to exhausted home buyers

National Mortgage
Mortgage Finance
3 years ago

With potential buyers becoming more desperate to secure a property, the hot housing market has been a driving force in,.. Read More;

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Mortgage loan modifications rose 40% in 4Q: OCC

National Mortgage
Mortgage Finance
3 years ago

Serious delinquencies improved in the fourth quarter of 2021 but modifications and foreclosure starts rose as borrowers exited forbearance in,.. Read More;

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