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As mortgage market cools, fraud risk heats up

National Mortgage
Mortgage Finance
3 years ago

With rising interest rates cooling down the mortgage market, researchers warn the risk of mortgage fraud may be heating up.Risky,.. Read More;

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Mortgage jobs recorded small seasonal gain despite layoffs

National Mortgage
Mortgage Finance
3 years ago

The latest estimates for mortgage banker and broker payrolls show lukewarm interest in hiring as the spring homebuying season got,.. Read More;

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Conviction in 10-year long mortgage fraud scheme

National Mortgage
Mortgage Finance
3 years ago

A 50-year-old Salem, Massachusetts man who orchestrated a 10-year mortgage fraud scheme involving fraudulent loan transactions totaling $6.5 million and,.. Read More;

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Bank economists advise caution but don't expect a recession

National Mortgage
Mortgage Finance
3 years ago

The U.S. economy will slow this year and through 2024 but avoid recession, despite a cavalcade of threats that include,.. Read More;

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Housing market starting to shift back to buyers

National Mortgage
Mortgage Finance
3 years ago

The housing market is showing small, but significant, indicators that the balance is shifting back towards buyers from sellers, Redfin,.. Read More;

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Mr. Cooper lays off 420 while mortgage industry cuts mount

National Mortgage
Mortgage Finance
3 years ago

The pace of layoffs across the mortgage landscape isn’t letting up, with more firms announcing major cuts in response to,.. Read More;

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UWM settles overtime case for $2.75M

National Mortgage
Mortgage Finance
3 years ago

United Wholesale Mortgage settled a wage dispute with a former employee who filed a lawsuit last July claiming the company,.. Read More;

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Zombie homes up for first time since moratorium ended

National Mortgage
Mortgage Finance
3 years ago

The number of zombie properties — vacant homes that have not yet been foreclosed on — increased 2.8% on a,.. Read More;

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Mortgage rates flatten amid talk of economic slowdown

National Mortgage
Mortgage Finance
3 years ago

Growing concerns of a slowing economy led the 30-year mortgage rate downward for a third straight week, but overall trends,.. Read More;

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Freddie Macs broader ADU criteria goes into effect

National Mortgage
Mortgage Finance
3 years ago

Freddie Mac on Wednesday introduced promised flexibilities into its underwriting standards for accessory dwelling units, effective immediately.The new guidelines for,.. Read More;

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For-sale inventory increases for first time in three years

National Mortgage
Mortgage Finance
3 years ago

Home listings increased for the first time since June 2019, according to Realtor.com data, suggesting the U.S. housing supply hit,.. Read More;

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Mortgage originations could sink more than expected

National Mortgage
Mortgage Finance
3 years ago

The year-to-date drop-off in mortgage originations exceeded Fitch Ratings expectations, indicating a larger decline is likely than either the Mortgage,.. Read More;

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