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CFPBs latest underwriting revamp seen as boon to fintechs, GSEs

National Mortgage
Mortgage Finance
6 years ago

Lenders are hoping for a boost from a Consumer Financial Protection Bureau plan to make more loans eligible for "qualified,.. Read More;

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Low mortgage rates drive unprecedented per-loan profit gain

National Mortgage
Mortgage Finance
6 years ago

The average net gain in profit on loans originated by nonbanks and certain chartered bank subsidiaries hit a survey-record high,.. Read More;

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Mr. Cooper to hire 2,000 as record low rates fuel loan surge

National Mortgage
Mortgage Finance
6 years ago

Mr. Cooper, one of the nation's largest mortgage servicers, plans to hire an additional 2,000 employees by the end of,.. Read More;

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Cal Fire releases tally of destroyed Napa County homes

National Mortgage
Mortgage Finance
6 years ago

The lightning-ignited Hennessey Fire destroyed 254 single-family homes in Napa County, Calif., making it one of the most destructive in,.. Read More;

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U.K. house prices post biggest monthly increase since 2004

National Mortgage
Mortgage Finance
6 years ago

U.K. house prices increased by the most in 16 years in August after a tax cut stoked post-lockdown demand, but,.. Read More;

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Remax purchases mortgage fintech Wemlo, adding processing services

National Mortgage
Mortgage Finance
6 years ago

Remax Holdings, which owns mortgage brokerage franchisorMotto Mortgage, has purchased nascent fintech company Wemlo, which provides loan processing technology.The terms,.. Read More;

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Fannie, Freddie lessons learned: The folly of the GSE profit sweep

National Mortgage
Mortgage Finance
6 years ago

This Sunday marks the 12-year anniversary of Fannie Mae and Freddie Mac entering into conservatorship. Perhaps the only thing more,.. Read More;

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Sarasota-Manatee home prices accelerate, but lag state and U.S.

National Mortgage
Mortgage Finance
6 years ago

Home prices continue to accelerate in Southwest Florida, but at a slower pace than the state and the nation.Sarasota-Manatee home,.. Read More;

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Millennials flood the real estate market thanks to low mortgage rates

National Mortgage
Mortgage Finance
6 years ago

After millennials seemed poised to create a 'roaring 20s' of home buying in May and a boom of purchasing started,.. Read More;

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Sacramento-area real estate prices continue an upward surge

National Mortgage
Mortgage Finance
6 years ago

In a summer surprise, home values continued an upward surge again last month in the Sacramento region despite the ongoing,.. Read More;

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Mortgage applications down as refinance demand slows

National Mortgage
Mortgage Finance
6 years ago

Mortgage applications fell for the third consecutive week, likely because those borrowers motivated to refinance have already done so, according,.. Read More;

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Housing market needs SOFR alternative now

National Mortgage
Mortgage Finance
6 years ago

For the past year and more, we've been focused on the growing level of dysfunction in the U.S. money markets,.. Read More;

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