- FHA's capital buoyed by house price appreciation despite higher defaults
- One-third of households report job or income loss: Redfin
- Mortgage rates rise on positive news about a vaccine
- CFPB, MBA form coalition to help distressed borrowers avoid scams
- Mortgage market should remain strong in a rising rate environment: KBW
The economic fallout from COVID-19 has highlighted systemic concerns about commercial real estate exposure, business debt and short-term wholesale funding, the Financial Stability Oversight Council said in an annual report.
Even government-sponsored enterprise loans, which have seen forbearance rates drop for 24 weeks in a row, saw a slight uptick.
October's annual appreciation rate was at its fastest since April 2014, CoreLogic said.
Startups Home Lending Pal, RealKey and Stavvy will get access to experienced mentors and potential customers over three months as a part of the program.
Tuesday's hearing on the CARES Act was dominated by bickering over Treasury's decision to shut down the Fed's emergency lending facilities, drowning out pleas from some lawmakers for more aid.
Tough competition for home listings makes consumers more likely to misrepresent themselves on loan applications.
Future of Cities
Consumer needs are in flux and Top Producers were looking at technology and risks associated with unexpected financial challenges as areas where they weren't yet meeting those needs. The coronavirus only intensified the urgency.
When husband and wife Rick and Patty Arvielo set out to establish a strong corporate culture for their company, New American Funding, they turned to a leadership seminar from online retailer Zappos.
National Mortgage News is pleased to present the inaugural Best Mortgage Companies to Work For, a survey and awards program dedicated to identifying and recognizing the industry's best employers and providing organizations with valuable employee feedback.
The Best Mortgage Companies to Work For study is a collaboration between National Mortgage News and the Best Companies Group, which conducts extensive employee surveys and reviews employer reports on benefits and policies.
The agency finalized a policy allowing companies to submit formal requests for clarification on a regulatory issue. The bureau said it will publish the advisory rulings in the Federal Register.
Other portions of the casino-property loan have been previously assigned to nine other commercial-mortgage securitizations.
LIBORThe OCC, Federal Reserve and FDIC said that a failure to adequately prepare for the transition away from Libor could undermine banks' safety and soundness, but also extended the sunset date for many iterations of the interest rate benchmark to July 2023.
Capacity: An AI powered helpdesk automation platform
Capacity is a new kind of helpdesk, powered by artificial intelligence, that automates support for mortgage loan officers and borrowers.