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The USDA's outdated underwriting system is hobbling rural lending

National Mortgage
Mortgage Finance
3 years ago

Qualifying a borrower for the Rural Housing Service's 502 Guaranteed loan is not an easy feat. Those who apply for,.. Read More;

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White House grasps for upside after dismal inflation report

National Mortgage
Mortgage Finance
3 years ago

A customer walks down the paint aisle at a Home Depot Inc. store in Louisville, Kentucky, U.S., on Monday, Feb.,.. Read More;

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UWM boosts MSR liquidity with $1.5 billion Citibank deal

National Mortgage
Mortgage Finance
3 years ago

United Wholesale Mortgage is boosting its liquidity for mortgage servicing rights with a $1.5 billion facility with Citibank.The agreement, dated,.. Read More;

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Ginnie Mae's portfolio inched up to new high in FY 2022

National Mortgage
Mortgage Finance
3 years ago

The outstanding mortgage-backed securities portfolio that Ginnie Mae guarantees inched up to another record high during its past fiscal year.On,.. Read More;

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Home Point ends two repurchase agreements amid stagnant borrowing

National Mortgage
Mortgage Finance
3 years ago

Home Point Capital, parent company of wholesale lender Homepoint, ended two master repurchase agreements in the face of rapidly diminishing,.. Read More;

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Fannie Mae, Freddie Mae tweak automation around servicing procedures

National Mortgage
Mortgage Finance
3 years ago

Fannie Mae has released some changes to servicing requirements that will include new mandatory procedures for trial modifications, mortgage assistance,,.. Read More;

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MBA lobbies for mortgage insurance premium cut

National Mortgage
Mortgage Finance
3 years ago

Department of Housing and Urban Development Secretary Marcia Fudge is the latest recipient of a letter — this time from,.. Read More;

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The mortgage industry is 20 years behind on tech, FHFA director says

National Mortgage
Mortgage Finance
3 years ago

Federal Housing Finance Agency's Director Sandra Thompson thinks that the mortgage industry is behind on technology adoption and that it,.. Read More;

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Rents accelerate most since 1990, keeping U.S. cost of living high

National Mortgage
Mortgage Finance
3 years ago

Residential homes in San Francisco, California, US, on Thursday, Sept. 8, 2022. San Francisco home prices tumbled last month as,.. Read More;

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Lenders should be concerned about institutional housing investors

National Mortgage
Mortgage Finance
3 years ago

Affordability and housing equity are hot topics in the mortgage industry. The narrative is familiar: scarce inventory has accelerated appreciation,,.. Read More;

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Bank of America CEO says consumers 'in good shape' amid uncertainty

National Mortgage
Mortgage Finance
3 years ago

The American consumer is "in good shape" and spending more this month than a year earlier, even amid inflation, jittery,.. Read More;

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CrossCountry Mortgage fires back in Guild, loanDepot suits

National Mortgage
Mortgage Finance
3 years ago

CrossCountry Mortgage continues to defend itself in numerous poaching lawsuits, filing responses to complaints from Guild Mortgage and loanDepot over,.. Read More;

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