The Department of Justice’s antitrust investigation into FICO appears to be related to an ongoing civil lawsuit between the company and TransUnion regarding underpaid royalties.
The warehouse lending sector is being inundated with requests for line increases as applications go through the roof. But not all financiers are participating, namely Texas Capital.
The creation of the qualified-mortgage patch was “unfair” but necessary to prop up originations, according to former CFPB officials who were involved in crafting the temporary rule.
The mortgage banking industry is grappling with historically low rates that are spurring a boom in originations but an anticipated bloodbath in MSR markdowns. Profits galore or Armageddon times?
The outstanding supply of home-equity debt fell close to the $500 billion mark in late 2019, and depository HELOC holdings dropped to $402 billion. (Includes three data charts.)