Lenders are pessimistic about the outlook on profit margins and demand for purchase mortgages and refinances, according to a survey of 212 lenders by Fannie Mae.
First, the good news: Department of Housing and Urban Development Secretary Ben Carson appears to be staying put despite recent rumors he might be up for another job in the Trump administration.
Nonbank mortgage lenders continued to gain market strength in first-lien originations during the third quarter of 2018, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
The Department of Veterans Affairs this week sought comment on an interim final rule amending its regulations on cash-out refinancing as part of its effort to prevent abusive lending practices that target VA loans and veteran borrowers.