It’s a new year and MSR sales are already beginning to heat up. But who will the most active buyers be in 2024? Count on Mr. Cooper, JPMorgan and private-equity-backed investors.
The Supreme Court will hear a case on whether national banks are required to follow state requirements to pay interest on funds in mortgage escrow accounts. A ruling in favor of national banks could lead to an unlevel playing field, according to state regulators.
Is the worst of the mortgage market decline finally in the rearview? Maybe. One positive: improving share values of the IPO class of 2020-2021. The best performer in the group: Guild Holdings.
The coming year should bring greater origination volumes to the home finance industry. But CEOs shouldn’t order that new Tesla quite yet. To get there, a spark is needed: 5.5% conventional rates, at least.
If the GSEs required stricter energy codes on new homes, savings on utility bills would cover borrowers’ costs within three years, a coalition of advocacy groups said in a letter to the Federal Housing Finance Agency.
The CFPB and nonbank mortgage lender Townstone Financial presented their arguments to the Seventh Circuit Court of Appeals. The arguments centered on whether ECOA applies to prospective applicants.
Republican members of the House pressed CFPB Director Rohit Chopra on his international engagement last month, requesting he publicly disclose meetings held under an informal partnership between the CFPB and the European Commission.
A coalition of state attorneys general filed letters to the CFPB and the Office of the Comptroller of the Currency noting that banks frequently refuse to cooperate with states’ enforcement investigations.
Researchers with the Federal Reserve Bank of New York found that banks with diverse stakeholders — groups like borrowers, depositors and employees — are more averse to inequality and have a higher propensity to approve mortgage applications for minority borrowers.
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