Production of new first-lien home loans fell sharply in the first quarter of 2018, although the market was not that far off from how it began a year ago. [Includes two data charts.]
Mel Watt has roughly eight more months remaining as director of the Federal Housing Finance Agency, but already the industry is beginning to worry about what possible changes his successor might make to the operations of Fannie Mae and Freddie Mac.
Wells Fargo, the nation’s largest mortgage lender, last week agreed to pay $1 billion to settle claims that it overcharged consumers on mortgage rate-lock commitments and force placed collateral-protection insurance on auto loan customers.