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CFPBs Chopra invites state AGs to bring actions under federal law

National Mortgage
Mortgage Finance
4 years ago

Consumer Financial Protection Bureau Director Rohit Chopra made a forceful plea to state attorneys general to team up with the,.. Read More;

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NewPoint, lender headed by ex-Freddie Mac CEO, buys HHC

National Mortgage
Mortgage Finance
4 years ago

NewPoint Real Estate Capital, an apartment building lender headed by David Brickman, former chief executive officer of Freddie Mac, has,.. Read More;

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Home price growth hits another record, but slows overall

National Mortgage
Mortgage Finance
4 years ago

The annual pace of home price growth is still coming in at record levels, but the latest monthly trends point,.. Read More;

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Rental data may improve credit model predictability by 10% or more

National Mortgage
Mortgage Finance
4 years ago

Combining information about a consumer's rental payments with traditional credit data made it easier to predict their ability to repay,.. Read More;

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End of pandemic aid affects renters more than mortgage borrowers

National Mortgage
Mortgage Finance
4 years ago

Renters were far more likely than homeowners to miss their scheduled housing payment in September and October as pandemic-related stimulus,,.. Read More;

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9 ways mortgage industry will benefit from standards in 2022

National Mortgage
Mortgage Finance
4 years ago

As the real estate finance industry transitions from the highs and lows of the COVID-era into the new normal of,.. Read More;

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Consumer Duty report on meeting client needs published by FCA

Mortgage Finance Gazette
Mortgage Finance
4 years ago

It has published (7 December) a consultation and draft guidance to help firms prepare before the introduction of the new duty. The,.. Read More;

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House prices rise for fifth month in a row, reports Halifax

Mortgage Finance Gazette
Mortgage Finance
4 years ago

This means a monthly change of 1% and an annual growth rate of 8.2%. Halifax also notes that the quarterly change,.. Read More;

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Paragon Bank sees profits rise by 62%

Mortgage Finance Gazette
Mortgage Finance
4 years ago

This compares to underlying profit of £120m in 2020. It adds that mortgage lending advances increased by 29.4% to £1.63bn, with,.. Read More;

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Home equity lending alternative Hometap raises $60 million in capital

National Mortgage
Mortgage Finance
4 years ago

Hometap, the Boston-based fintech providing alternatives to home-equity loans, announced that it had secured an additional $60 million in funding,.. Read More;

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Cash-out refinancing hits 14-year high as home equity sets new record

National Mortgage
Mortgage Finance
4 years ago

Tappable equity set a new record in the third quarter and the rate at which people refinanced to withdraw funds,.. Read More;

post

OCC warns of high corporate debt levels, commercial real estate risks

National Mortgage
Mortgage Finance
4 years ago

Elevated corporate debt, cybersecurity threats and the risk from chasing yield in a low-interest rate environment could undermine banks' efforts,.. Read More;

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