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Effort to halt CFPB's new PACE rules hits roadblock

National Mortgage
Mortgage Finance
2 months ago

A loan program allowing homeowners to pay for clean energy upgrades through property tax bills will still be subject to,.. Read More;

post

Banks are losing share in rapidly growing HELOC market

National Mortgage
Mortgage Finance
2 months ago

Key insight: Consumers' use of home equity lines of credit is rapidly growing, as homeowners look to tap into the,.. Read More;

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Waller hedges on nonbank access to 'skinny' master account

National Mortgage
Mortgage Finance
2 months ago

Bess Adler/Bloomberg Key insight: Federal Reserve Gov. Christopher Waller's comments suggest the barriers to nonbank firms acquiring a,.. Read More;

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Home prices trend up despite little seller leverage

National Mortgage
Mortgage Finance
2 months ago

Home prices continue to rise across the country, despite the market tilting in favor buyers.The national median single-family existing-home price,.. Read More;

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Loandepot touts growth trajectory after latest earnings loss

National Mortgage
Mortgage Finance
2 months ago

Loandepot leadership said the company has set the course for profitability but still ended up in the red at the,.. Read More;

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Bank of America, JPMorganChase execs report returns on AI

National Mortgage
Mortgage Finance
2 months ago

Key insight: Large banks are starting to see measurable returns on AI.Supporting data: BCG estimates AI could unlock over $370,.. Read More;

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Fannie Mae updates credit score language in DU update

National Mortgage
Mortgage Finance
2 months ago

Fannie Mae announced updates to underwriting guidelines, including a change that removes mention of a long-standing minimum credit score benchmark. Instead,.. Read More;

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Fed says banks are well managed even with a deficient rating

National Mortgage
Mortgage Finance
2 months ago

Kent Nishimura/Bloomberg Key Insight: The Fed says its revised supervisory framework reflects that large banks are well capitalized,,.. Read More;

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UWM posts best production quarter in four years

National Mortgage
Mortgage Finance
2 months ago

UWM Holdings had its strongest production quarter since the pandemic-fueled 2021, beating its own guidance, taking advantage of a brief,.. Read More;

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Mortgage rates bounce back up after month of drops

National Mortgage
Mortgage Finance
2 months ago

After a month of consecutive drops, mortgage rates ticked back up this week, following the 10-year Treasury.The 30-year fixed-rate mortgage,.. Read More;

post

Fed Gov. Barr says AI may cause 'dislocations' in labor force

National Mortgage
Mortgage Finance
2 months ago

Al Drago/Bloomberg Key insight: Federal Reserve Governor Michael Barr said the short-term impact of AI-related job cuts will,.. Read More;

post

Homebuilders bet on 1% mortgage rates to wake up U.S. buyers

National Mortgage
Mortgage Finance
2 months ago

With the average mortgage rate near 6%, US homebuyers are looking at the most affordable monthly payments in a year.,.. Read More;

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