In the latest version of the National Real Estate Post, Frank and Brian discuss the future of the government-sponsored enterprises. Even though many mortgage professionals believe the GSEs will not remain in the industry for a long time, this is up for debate as both companies are having success right now. To watch the video, go to
Social media posters are promoting how consumers can acquire properties without engaging the existing lender or servicer, observers of this activity warn.
California Gov. Gavin Newsom signed a bill that requires HOAs to hold a minimum reserve contribution and the California Fair Lending Examination Act last week.
The REIT accused the wholesale leader of hiding its massive market gamble during the negotiations, which resulted in $741 million in losses.
The Federal Reserve is restructuring bank supervision into five regions, following state lines, and putting one regional leader in charge. It's also planning to revise regulatory thresholds so that banks will need to be bigger before tougher standards kick in.
The megalender's new platform, called Orbit, aims to provide its broker partners with advantages and perks that help them compete in a tough rate environment.
While the three largest lenders now offer VantageScore, Bank of America Securities says two agency pulls boosts consumers scores, no matter which model.
