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Mortgage Employment Shrinks Further

March 14, 2024
Paul Muolo
What does the stalled mortgage job market need? An interest rate cut by the Federal Reserve. Otherwise, limited hiring and layoffs will be the order of the day.
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Millennial Borrowers Make Up Growing Share of Mortgage Market

March 14, 2024
James Dohnert
Millennials, defined as borrowers aged 27 to 42, received the majority of mortgage offers made through LendingTree’s platform.
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Grapevine: HUD’s Fudge to Step Down; IRS Postpones IVES Changes

March 14, 2024
Brandon Ivey
Housing Secretary Fudge resigns; IRS postpones controversial changes to IVES; regulators to alter Basel capital proposal; banking regulators waive appraisal requirements in Maui; feedback sought on bank call-report proposal.
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Courts Pressed by Regulators, Trade Groups on Servicing Issues

March 7, 2024
Shannon Clark
The CFPB and the FTC have filed an amicus brief supporting borrowers in a case against Ocwen Loan Servicing, while lender trade groups urged the Supreme Court to intervene in a federal preemption case.
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House Passes FY24 Funding Omnibus in Bipartisan Vote

March 7, 2024
Monica Hogan
The six-bill appropriations package, which includes FY2024 funding for the departments of Housing and Urban Development and Veterans Affairs, now heads to the Senate.
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Warehouse Lenders Willing to Be Flexible in Tough Times

March 7, 2024
Brandon Ivey
As long as struggling mortgage companies show that they’re on the path to profitability, warehouse lenders say they have their back.
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Banner Bank Settles Wage Theft Lawsuit for $15 Million

March 7, 2024
Shannon Clark
Banner Bank denied the allegations, but said it agreed to a class settlement to fully focus on its core business.
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Texas Wildfire Reinforces Property Insurance Issues

March 7, 2024
James Dohnert
The impact climate change-related natural disasters are having on the property insurance sector is not limited to Texas, according to experts.
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White House Faces Deadline on Warrants on GSE Stock

March 7, 2024
Dennis Hollier
The approaching expiration of Treasury’s warrants on Fannie and Freddie stock and the possibility of a second Trump administration have revived debate on the potential end of the conservatorship of the GSEs.
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HUD Extends Multifamily Risk-Sharing Program

March 7, 2024
Monica Hogan
The Mortgage Bankers Association has opposed the extension of the risk-sharing program, which provides capital to housing finance agencies that offer FHA loans for affordable multifamily rental properties.
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