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Low rates and intense competition might lead some banks to ease underwriting standards in 2021, when the economy may not yet have recovered.
October 5
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The notes are backed by $456.9 million in high-balance loans that meet qualified mortgage standards, according to ratings agency presale reports.
October 5
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Kroll's $2 million settlement with the SEC over failing to adhere to credit-rating standards for CMBS and CLO bonds are fueling concerns that rosy credit grades are masking deeper structural problems with the securities exposed by COVID-19 related stresses, say critics.
October 5
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The supply of homes for sale in Riverside and San Bernardino counties was 48% below year-ago levels for the week ending Sept. 26, according to Zillow.
October 5
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A buying frenzy, with soaring prices and out-of-state buyers, continues to dramatically affect the housing market in Missoula, Mont., but at least one data source shows it's just a continuation of a years-long trend.
October 5
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Two more lenders, AmeriHome and Caliber, look to join Rocket and United Wholesale Mortgage, by raising capital through public stock offerings.
October 2
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There was an estimated total of 333,100 people on nonbank mortgage banker and broker payrolls in August, and that's the highest recorded since at least 2010.
October 2
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Kathy Kraninger’s job status would be in question if Joe Biden wins the White House. If the president is reelected, she may continue balancing a deregulatory agenda with her unexpectedly tough stance on enforcement.
October 2
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Over 3.6 million borrowers sit in coronavirus-related forbearance with portfolio and private-label securitized loans driving the week's increase, according to Black Knight.
October 2
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Whether low rates will continue to outweigh health and employment concerns for millennials and Generation Z remains to be seen.
October 2
