What’s a mortgage CEO worth in a dicey origination market? According to an early read of proxy filings, some chief executives received nice pay packages last year, while others saw reductions.
A new California bill that seeks to regulate the use of automated decision tools is facing strong opposition from the Mortgage Bankers Association and other trade groups.
A reduction in closing costs, down payment assistance programs for first-generation homebuyers and investing in communities that need housing could all lead to more affordable housing access.
The CFPB this week issued a report regarding numerous “junk fees” charged by mortgage servicers. The servicers were generally ordered to refund the fees and change their practices.
The two resignations in less than two months and in a presidential election year have created some uncertainty over the future of other political appointees in the federal housing sector.
Potential homebuyers are showing stronger demand for mortgages than they were a year ago, even though interest rates are higher now. Economists at Fannie Mae revised their projections for mortgage originations upward last week.
Lenders, servicers and others in the housing market should work together to educate consumers on the financial impact of climate change, according to participants at a conference last week.