Investor purchases of single-family rentals are on the rise, with many of the new rentals being owned by smaller independent investors.

The CFPB has permanently banned three companies from servicing reverse mortgages. Separately, the bureau issued a proposed order against Freedom Mortgage for repeated submissions of faulty HMDA data.

Non-QM lenders are bullish about the sector’s potential despite headwinds in the housing market.

During hearings last week in Congress, CFPB Director Rohit Chopra addressed a number of issues involving the mortgage market.

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.

The Federal Open Market Committee plans to hold interest rates steady until it has greater confidence inflation is heading down toward 2%.

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.

While loanDepot launched a new debt-exchange program with investors, its chairman was busy selling shares in the company. Bad optics or no big deal?