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In the face of tough questioning from House members, CFPB Director Kathy Kraninger appeared mostly unfazed and tried to strike a balance between heeding concerns about the agency’s power and supporting its mission to help consumers.
March 7
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Despite a lower rate of increase, 2019 equity gains could pull 350,000 households from being underwater on mortgages, according to CoreLogic.
March 7
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Mr. Cooper Group took a net loss of $136 million in the fourth quarter after lower rates hurt the mark-to-market value of its larger mortgage servicing rights portfolio harder than its peers.
March 7
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The pace of Colorado Springs-area homebuilding in 2019 continues to trail that of last year.
March 7
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The increase in average mortgage rates this week should not affect the spring home purchase market because other factors remain strong, according to Freddie Mac.
March 7
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Home sales slowed on Hawaii island and Kauai last month while median prices mostly rose, according to trade association statistics.
March 7
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Hines Interests used the $755 million loan from Goldman and JPMorgan to take out a $505 million mortgage from two insurance companies, MetLife and New York LIfe.
March 6
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Freddie Mac is broadly offering instant representation and warranty relief for automatically validated self-employment income following a test of the concept last year.
March 6
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Homeowners are stepping up their renovation game this year, which could be good news for home improvement financing, but bad news for the overall housing market as consumers age in place.
March 6
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The legislation comes a day before CFPB Director Kathy Kraninger is set to testify to Congress.
March 6
