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The new “adverse market fee” for refinanced mortgages resembles steps the companies took to combat the 2008 mortgage crisis. But critics charge it isn’t necessary and will hurt borrowers’ ability to tap into low rates.August 13
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A former home mortgage consultant with the company alleges she was subjected to a lower compensation structure, awards and benefits compared to her male counterparts.August 12
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In a letter to the Consumer Financial Protection Bureau, the Mortgage Bankers Association recommended adding six more months to the latest GSE patch proposal.August 12
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A second-term Trump administration would likely continue its deregulatory efforts, focus on Fannie Mae and Freddie Mac's exit from conservatorship, and seek to facilitate fintech participation in the banking system.August 11
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The company reported nearly $23 million in losses for the second quarter, but that was an improvement on a quarter-to-quarter basis.August 7
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Whoever wins the White House in November may have immediate agency openings to fill, while a key decision looms about who will run the Federal Reserve after Jerome Powell’s term expires in 2022.August 7
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While Black homeownership just rose to its highest level in 16 years, it's still the lowest of any racial demographic and 29 percentage points behind white people.August 6
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The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.August 6
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With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.August 5
