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Home Insurance Availability, Pricing Impacting Lenders

December 21, 2023
Monica Hogan
Homebuyers will continue to face challenges accessing homeowners insurance in 2024, Matic Insurance Services said.
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First American Claims Title Insurance Not a Major Cost

December 21, 2023
Dennis Hollier
First American Financial argues that title insurance is a negligible life-of-loan cost for homeowners and is not regressive.
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Regulators Offer Insight on Redlining Investigations

December 21, 2023
Sam Manas
Federal regulators discussed best practices for lenders’ redlining analysis to head off regulatory risk. Separately, Navy Federal Credit Union faces mortgage lending discrimination allegations.
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Another Hurdle for Finance of America: A Possible Delisting

December 21, 2023
Paul Muolo
The publicly traded reverse mortgage lender faces NYSE delisting, while surviving on covenant waivers granted by its warehouse financiers.
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Treasury Strengthens CDFI Certification Criteria

December 14, 2023
James Dohnert
The revised CDFI certification process will improve lender accountability and streamline the application process.
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CrossCountry Readies Another M&A Deal

December 14, 2023
Paul Muolo
CrossCountry Mortgage owner Ron Leonhardt wants his nonbank to be the largest lender in the land. One way to do that is to buy other shops — and it looks as though CCM has another target in its sights.
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Oral Arguments Held in Townstone Redlining Case

December 14, 2023
Sam Manas
The arguments before the Seventh Circuit Court of Appeals centered on whether the CFPB has the authority to extend the Equal Credit Opportunity Act’s protections to cover prospective applicants.
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Court Upholds Restrictions on Better in Employee Dispute

December 14, 2023
Brandon Ivey
Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court.
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FoA’s Last Trip to the MSR Sales Shed

December 14, 2023
Paul Muolo
Finance of America is ready to unload the last remains of its MSR portfolio. But it comes at an interesting time: Rates continue to fall, thus impacting asset prices.
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Originations Expected to Increase Somewhat in 2024

December 14, 2023
Monica Hogan
Economists project a modest uptick in mortgage originations next year as interest rates are expected to continue to fall. But the decline in rates will depend on how quickly inflation comes under control.
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