"An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market," said Sen. Josh Hawley, R-MO.
Rep. Maxine Waters, D-CA, the ranking member of the House Financial Services Committee, called on Democrats in the House to seek a conference committee process for H.R. 6644, the 21st Century ROAD to Housing Act.
The wholesale-broker channel gained ground in the government-insured sector and in conventional-conforming lending, according to a recent Inside Mortgage Trends analysis of proprietary survey data.
The average homebuyer would save $150 per month by taking out an adjustable-rate mortgage instead of a 30-year fixed-rate mortgage, according to a Redfin report.