Big players, Wall Street and tech firms stand to gain. Community lenders call for policymakers to protect g-fee parity and the cash window. Part 5 in a series.
Perceived risk among lenders may result from a struggle to fully understand what the technology can and won't do as advocates tout its efficiency and speed.
Non-banks tracked by Morningstar DBRS reported combined net income of $367 million for the third quarter, down from $807 million three months prior.
But just three of the 150 most populous ZIP codes have a mortgage debt-to-income ratio below the conforming threshold of 28%, Movingplace found.
Of the 50 highest risk markets in the country, 16 reside in California, followed by New Jersey with nine, Attom found.
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New York developers are transforming struggling office buildings into more than 12,000 new apartments in a bid to help offset the city's worst housing crisis in decades.
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Gallego introduced legislation to amend the EB-5 immigrant investor visa program in order to funnel more money into the construction and rehabilitation of homes.
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Bank of America was the leader in this study, with Rocket as the only nonbank mortgage lender which got a score higher than the industry average.
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The wholesale lender fell victim to a data incursion two years ago in a months-long period marked by several high-profile cybersecurity incidents.
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A North Carolina homeowner says the large servicer's $6.75 fee for borrowers to make mortgage payments with a debit card violates a state debt collection law.
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Billions in home equity sit untapped as second-lien loans struggle to gain traction, writes the chairman of Whalen Global Advisors.
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Years ago, the Federal Housing Administration helped finance thousands of loans for manufactured housing. An effort to restart that program would help millions of Americans afford their own homes.
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Non-QM's rapid rise is reshaping how lenders underwrite and manage risk, setting a model the rest of the industry will follow, writes the founder of Prudent AI.
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UPCOMING LIVESTREAMThursday, December 11, 20253:00 p.m. / 12:00 p.m.With the government reopened and data flowing, the FOMC may cut rates again in Dec. Steve Skancke, Chief Economic Advisor at Keel Point, will break down the mee
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ON-DEMAND VIDEOWill the Federal Reserve cut rates in October? BNP Paribas Chief U.S. Economist James Egelhof discusses the meeting and Chair Jerome Powell's press conference.
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ON-DEMAND VIDEOThe mortgage regulatory environment is constantly in flux. Join Firstline Compliance's Josh Weinberg as he discusses how technology can address lender concerns.
