Short Takes: Foreclosures Increase / Affordability Improves / Upgrades for Velocity’s MBS June 9, 2023 Brandon Ivey Foreclosure filings increased in May.Read More
Fannie Loosens Some Underwriting Requirements June 8, 2023 Brandon Ivey Changes for cash-out refis, certain ARMs and manufactured-home loans.Read More
Freddie Announces Affordable Housing Product for Tribal Lands June 8, 2023 Dennis Hollier HeritageOne, a single-family mortgage product, addresses goals outlined in Freddie's 2022-2024 duty-to-serve plan.Read More
Short Takes: Rate Locks Decline in May / Community Banks Pulling Back / Leo Leaving SFA / Homeowners Insurance and Affordability June 8, 2023 Brandon Ivey Locks for both purchase mortgages and refis declined on a monthly basis in May.Read More
Sprout Settles With Ex-Employees for $3.5 Million June 7, 2023 Sam Manas The former non-QM lender settled four class actions brought by former employees.Read More
Rise in Gig Economy Income an Opening for Lenders June 7, 2023 James Dohnert Gig economy income can help potential borrowers qualify for a mortgage, with some complications.Read More
Short Takes: CFPB Warning on Chatbots / Attorneys Get Their Share / Renters, Stress and Homeownership / Applications Down Again June 7, 2023 Brandon Ivey The CFPB warned that companies that deploy the technology could fail to comply with consumer protection laws...Read More
HECM Lending Fizzles to Pre-Pandemic Levels June 6, 2023 Andras Malatinszky Production in the segment has been driven by three fluctuating macroeconomic forces: mortgage rates, inflation and housing prices.Read More
Loan Brokers Add Jobs, Mortgage Bankers Cut Some June 6, 2023 Paul Muolo At April 30, loan brokers employed 114,700 full timers.Read More
Congress Working on HUD Budget That Won't Outpace Inflation June 6, 2023 Monica Hogan Funding for the Department of Housing and Urban Development is expected to be remain static in 2024 compared to this year’s levels.Read More
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