An analysis by Inside Mortgage Finance found that only 1.5% of purchase mortgages in agency mortgage-backed securities issued in 2023 carried a combined loan-to-value ratio greater than 97%.

The pilot is limited to certain states and will only be offered through approved pilot lenders.

The CFPB reiterated that Regulation Z prohibits mortgages for principal dwellings from including “terms requiring arbitration or any other nonjudicial procedure as the method for resolving any controversy or settling claims arising out of the transaction.”

"The CFPB’s new rule will help law enforcement across the country detect and stop repeat offenders," said CFPB Director Rohit Chopra.

Agency MBS held in portfolio at REITs that focus on mortgage assets slid 1.8% to $168.47 billion as of the end of the first quarter of 2024.

"Companies that are putting bad information on those reports, there needs to be some accountability for them and the ones who are assembling these reports," said CFPB director Rohit Chopra.

Housing affordability ranked as more important for voters in the 2024 presidential election than abortion rights or student debt, according to a survey commissioned by Redfin.

Keefe, Bruyette & Woods on Sunday upgraded mortgage insurers MGIC and Radian to “outperform” from “market perform.”

A number of banks reduced their jumbo originations in early 2024 and nonbanks aren't fully picking up the slack.

The Supreme Court delivered a unanimous opinion in Cantero v. Bank of America, sending the case back to a lower court.