Banks, thrifts and credit unions reported a modest increase in the untapped HELOC commitments in the third quarter, but homeowners continued to sit on a mountain of untapped equity. (Includes three data charts.)
Faced with a not-so-welcoming IPO market earlier this year, AmeriHome and Caliber Home Loans did the next best thing: The two public-bound nonbanks found willing buyers to pay a decent price. Should Better.com do the same?
Federal regulators provided status updates on several current and pending mortgage-related rulemaking initiatives. But revisions to the qualified-mortgage standards were missing from the CFPB’s agenda.
President Biden’s choice has pleased mortgage industry and affordable housing advocates, who were largely critical of FHFA policy under conservative Mark Calabria.
One of the recommendations: the Consumer Financial Protection Bureau should create a registry of nondepository institutions that fall within its jurisdiction.
Better.com’s dream of becoming a public company is on shaky ground these days. Events of the past week include a large layoff conducted over Zoom and the CEO apologizing after making disparaging remarks about those he cut.