The Natural Treasury Employees Union has asked a district court to clarify whether Russell Vought, the acting director of the Consumer Financial Protection Bureau, has complied with a preliminary injunction.
July's surprising jobs report helped drive Treasury yields and corresponding rates lower, opening up a window of opportunity for borrowers to capitalize.
Members whose districts include Altadena and Pacific Palisades are behind the measure, which calls for an initial 180-day forbearance period.
Three US senators opened an inquiry into insurance ratings firm Demotech and whether its assessments may be exposing Fannie Mae and Freddie Mac to growing risks tied to climate-driven insurer failures.
The announcement follows Realpha's two previous mergers with mortgage brokerages, as well as its purchases of AI firms and title businesses.
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The class action suit doubles down on accusations that the homebuilder and its lending arm are deceiving borrowers about their monthly mortgage payments.
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BTIG is waiting with "baited breath" for Fannie Mae and Freddie Mac to relist their common stocks, but if spreads widen, it could derail it from happening.
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Manufactured housing could see eased lending rules if the defense bill removes the "permanent chassis" requirement, expanding FHA mortgage eligibility.
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US consumer spending stalled in September, suggesting Americans were already stretched going into the government shutdown in the face of stubborn inflation.
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Federal Housing Finance Agency Director Bill Pulte should be called to testify before lawmakers no later than the end of January, the Democratic members of the Senate Banking Committee wrote in a letter Friday to Republican Chairman Tim Scott.
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A recent Remax survey found 88% of respondents said they are "very" or "somewhat likely" to purchase a home next year.
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Simply stated, the federal forbearance of mortgage payments is perhaps the largest unfunded public mandate in American history.
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The government is cushioning the impact of the coronavirus on consumers, but independent mortgage bankers need funding to deal with increased levels of servicing advances because of forbearances.
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With increased economic distress because of the coronavirus, lenders are likely to see an increase of borrowers looking for a mortgage rescission, arguing they are eligible for an extended filing time frame.
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ON-DEMAND VIDEOMonetary policy remains the key to the markets. The Federal Open Market Committee predicts one rate cut in 2026, but the panel will get a lot of data before
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ON-DEMAND VIDEOWith 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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