Fair housing advocates said HUD should continue to monitor mortgage lenders for potential discrimination stemming from the use of predictive technologies.
For refinances completed during the second quarter, 28% of borrowers remained with the servicer of their previous mortgage, the largest share since the pandemic started, according to Black Knight.
Bank call-report data show a huge drop in mortgage banking income from the first to the second quarter, but several top banks reported big gains. (Includes data chart.)
When an industry thrives, its chief trade organization usually thrives as well. But not in FY20, when COVID-19 and accounting entries from the year before nicked MBA’s bottom line.
It was thought that higher capital requirements proposed on Ginnie Mae issuers would ding valuations of the MSR asset. But so far, that hasn’t happened. Credit: strong demand and declining forbearance ratios.