Homeownership rates and household incomes differ dramatically within the AANHPI demographic. Some 65% of Filipino-Americans own their home while just 44% of Tongan-Americans do.
The CFPB issued a proposed rule this week to ban medical debt from credit reports. The debt isn’t an accurate predictor of loan repayment, according to CFPB Director Rohit Chopra.
If former President Donald Trump is re-elected, there could be some drastic changes to the federal government’s involvement in the housing market, according to speakers at a Bipartisan Policy Center conference.
With many lenders struggling with profitability, it might seem like a waste of time and money to sue departing production managers who leave with staffers in tow. But the lawsuits keep coming.
Cybersecurity insurance is getting more difficult for mortgage companies to obtain and some lenders appear to be unable to meet reporting requirements set by the GSEs on security.
The combination of the NAR settlement, better coordination between White House and FHFA, and the resurgence of the CFPB may help establish real price competition in the housing and mortgage markets.
Critics say the data giant’s exclusive contracts with data providers and strategic acquisition of potential competitors make it impossible for new market entrants to gain scale or price competitively.