Instances of miscommunication between servicers and borrowers have declined, but some warn that CFPB stepping back from enforcement could create oversight gaps.
The run-up in prices since the pandemic, and mortgage rates hovering near 7%, have squeezed affordability for house hunters, pushing many to the sidelines.
A combination of buy and sell-side issues led Mr. Cooper to slow down its mortgage servicing rights activity but executives may have a different view next year.
Refinance retention hit 28% last quarter, the highest percentage in three and a half years, according to ICE Mortgage Technology.
The National Defense Authorization Act will be voted on by the House without the housing package that passed through the Senate Banking Committee unanimously.
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The government shutdown added an additional dose of pessimism about the U.S. economy to panelists' outlooks, Wolters Kluwer said in its latest survey.
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The lawsuit targets Zillow Flex, in which participating agents must meet Zillow Home Loans pre-approval quotas to maintain access to high quality leads.
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The Treasury secretary highlighted the impacts the bond market has on affordability and previewed regulatory tweaks the administration is eyeing to keep yields stable and credit flowing.
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Federal Reserve Bank of Atlanta President Raphael Bostic won't seek reappointment following the end of his current term on Feb. 28, 2026.
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Besides adding 60 days to the partial claim deadline in some cases, the bill also has provisions for buyer agent payments for Veterans Affairs borrowers.
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A think tank's analysis of the system that provides banks with financing backed by an implied guarantee arrives amid broader federal efficiency reviews.
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Supporters say pending legislation would help consumers with little or no credit history. But the bill would instead roll back key consumer protections.
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Demands for loan quality aren't just coming from regulators and the government-sponsored enterprises. Secondary market partners and investors don't want to be left holding the bag if loans that lenders create have quality issues.
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Despite having a qualified candidate ready to serve, Senate leadership on both sides of the aisle have ignored their responsibility to vote on Brian Montgomery's nomination as Federal Housing Administration commissioner.
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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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