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Overall delinquencies drop despite uptick in short-term distress

National Mortgage
Mortgage Finance
3 years ago

Seasonally-adjusted delinquencies tracked by the Mortgage Bankers Association set another record low in the second quarter even though a separate,.. Read More;

post

Rocket, Home Point, UWM report sagging earnings and more news of the week

National Mortgage
Mortgage Finance
3 years ago

Additionally: FHFA adds reporting mandate for servicers and more layoffs are announced.,.. Read More;

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Housing market is tilting in favor of buyers, Redfin says

National Mortgage
Mortgage Finance
3 years ago

The current housing market appears to be tilting slightly more in the favor of buyers, marking a reversal of last,.. Read More;

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Slammed with poaching suits, CrossCountry Mortgage drops its own

National Mortgage
Mortgage Finance
3 years ago

CrossCountry Mortgage is dropping its attack and playing defense in a series of poaching lawsuits with three competitors in federal,.. Read More;

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Should FHFA buck tradition when setting 2023 conforming loan limits?

National Mortgage
Mortgage Finance
3 years ago

On November 30, 2021 the Federal Housing Finance Agency announced the conforming loan limits (CLLs) for mortgages acquired by government-sponsored,.. Read More;

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Impac's losses in 2Q grow as volume, margins drop

National Mortgage
Mortgage Finance
3 years ago

Losses widened at Impac Mortgage Holdings as the ongoing secondary market dislocation and a competitive landscape curtailed origination activities.Impac lost,.. Read More;

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Average prices for fixed rate mortgages increase during week, Moneyfacts data shows

Mortgage Finance Gazette
Mortgage Finance
3 years ago

The average rate for the two- and three-year fixes rose 4 basis points each, to 4.03% and 4.46%, respectively, and,.. Read More;

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Blog: Understanding customer vulnerability - the clock is ticking!

Mortgage Finance Gazette
Mortgage Finance
3 years ago

At the end of July, the Financial Conduct Authority (FCA) set out its plans for implementing Consumer Duty requirements –,.. Read More;

post

Monthly construction output decreases first time since October last year: ONS

Mortgage Finance Gazette
Mortgage Finance
3 years ago

While both May and June were affected by the timing of the Jubilee bank holiday, the latest figures represent the,.. Read More;

post

Fitch downgrades PacWest, citing 'deterioration' of key capital ratio

National Mortgage
Mortgage Finance
3 years ago

The credit rating agency Fitch Ratings has downgraded PacWest Bancorp and its banking subsidiary, Pacific Western Bank, citing the company's,.. Read More;

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CFPB to crack down on financial firms' protection of consumer data

National Mortgage
Mortgage Finance
3 years ago

Financial companies that don't protect consumer data may violate federal consumer protection law, a federal agency said. The Consumer Financial Protection,.. Read More;

post

The snowballing U.S. rental crisis is sparing nowhere and no one

National Mortgage
Mortgage Finance
3 years ago

Rental costs in the U.S. are soaring at the fastest pace in more than three decades, surpassing a median of $2,000 a month for,.. Read More;

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