April 26, 2024By Brandon IveyRising Costs Prompt Large Losses for Lenders in 2023Only 36% of the lenders participating in the MBA’s report turned a profit in 2023, down from a 53% share of participants in 2022.
April 26, 2024By Brandon IveyShort Takes: Slight Increase in Pending Home Sales / Non-QM Performance Improves / Wells Expands Downpayment Grant Offering / Negative Outlook for Community Loan ServicingElevated interest rates and limited housing inventory led to a tepid increase in pending home sales in March.
April 25, 2024By Shannon ClarkCFPB Highlights Improper Servicing-Related Fees“Since mortgage borrowers are captive to a company they never chose to do business with, we are working hard to detect and deter violations of law,” said CFPB Director Rohit Chopra.