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Mr. Cooper lays off 420 while mortgage industry cuts mount

National Mortgage
Mortgage Finance
4 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
4 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
4 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
4 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
4 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
4 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
4 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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FHFA publishes final rule around capital initiatives

National Mortgage
Mortgage Finance
4 years ago

The Federal Housing Finance Agency on Wednesday published a final rule that ties new public disclosure requirements for Fannie Mae,.. Read More;

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Highly overvalued cities in the U.S. keeps growing

National Mortgage
Mortgage Finance
4 years ago

Homebuyers in 15 of the nation's 100 largest housing markets paid a premium of 50% or more over historic trends,.. Read More;

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Fed starts experiment of letting $8.9 trillion portfolio shrink

National Mortgage
Mortgage Finance
4 years ago

The Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool along side higher,.. Read More;

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Dimon raises alarm level over recession risk: Its a hurricane

National Mortgage
Mortgage Finance
4 years ago

JPMorgan Chase CEO Jamie Dimon and Wells Fargo CEO Charlie Scharf voiced concern Wednesday — but varying degrees of alarm,.. Read More;

post

How one REIT investor prepares to buy MBS as Fed shrinks portfolio

National Mortgage
Mortgage Finance
4 years ago

Keeping an eye on the Federal Reserve’s plan to shrink its portfolio is Byron Boston, the CEO and co-chief investment,.. Read More;

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