The share of waivers submitted with purchase mortgages sold to the government-sponsored enterprises accelerated just prior to a change that will make more loans eligible.
The incentives are part of a broader set of Federal Housing Administration servicing changes for Home Equity Conversion Mortgages that also offers some new options for procedures.
Ryan Bowen is a principal at Deloitte Tax LLP in the International Services Group of the Washington National Tax Office. He joined Deloitte in 2017 following a seven-year career at the IRS Office of Associate Chief Counsel, International. While at the IRS he worked on guidance under Sections 367 and 721(c). He currently leads WNT's Pillar Two efforts and advises clients on general issues in outbound taxation.
Federal Reserve Governor Stephen Miran said emerging stresses in housing and private credit markets warrant a reduction to short-term interest rates. While preferring a 50 basis point cut in December, Miran said he would settle for a 25 basis point reduction.
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Former Mr. Cooper CEO Jay Bray will become Rocket Mortgage's president and CEO as the $14.2 billion transaction closes in just six months after announcement.
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Hill, who has been serving as acting chair since January, has steered the agency toward deregulation and away from Biden-era priorities, with strong backing from big banks.
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The contract rate on a 30-year mortgage climbed 12 basis points to 6.46% in the week ended Sept. 26, according to Mortgage Bankers Association data released Wednesday.
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Fidelity National Financial, with support from the American Land Title Association, is suing to halt enforcement of the anti-money laundering regulation.
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The massive wholesale lender's new website stands opposite rival United Wholesale Mortgage's own originator portal which it launched in 2018.
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Different markets for home equity products emerge, plus technology changes make it easier and quicker for traditional offerings to reach consumers.
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The Consumer Financial Protection Database might be unfair to the financial services industry, but the information it holds for lenders and servicers can help them manage customer service and avoid costly litigation.
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Contrary to the arguments of its critics, the mortgage insurance premium reduction issued in January has helped spur positive capital growth for the Federal Housing Administration.
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As the mortgage industry awaits clear direction on marketing service agreements, recent guidance from the Consumer Financial Protection Bureau clarifies only how little the agency likes them.
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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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