The Basel Committee on Banking Supervision plans to publish the text of its Basel II international capital standards at the end of June, the Bank for International Settlements has reported.A number of mortgage market participants have been keeping a close eye on the development of Basel II, which affects the amount of capital that must be set aside to cover the risk of loans or loan securitizations in order to meet international standards. The Bank for International Settlements can be found online at http://www.bis.org.
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But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
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The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
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The tool will provide helpful HELOC-related information to customer support staff to streamline the application process, Figure said Thursday.
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The five states with the lowest property taxes have an average effective real-estate tax rate of 0.44%.
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Ohio-based Liberty Home Mortgage joins several companies who started using a more modernized FICO credit score for nonconforming mortgage originations recently.
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The CFPB has dissolved the Office of Supervision, Enforcement and Fair Lending and eliminated the job of associate director in a move that impacts how it designates nonbanks for supervision.
April 17