A recent Grapevine visitor asks whether a "silent" second mortgage -- one that is temporarily refinanced as an installment loan to clear the way for a first-mortgage refi -- is fraudulent.To view the discussion, click thread100137.
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Both purchase and refinance activity slowed, with inflation likely to keep interest rates at challenging levels for future borrowers, according to the Mortgage Bankers Association.
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Plaintiffs seeking class certification claim the bank uses an underwriting system that discriminates against minority mortgage applicants.
April 30 -
Profits in the originations and servicing segment at Newrez drove earnings, while a possible spinoff of Rithm's mortgage operations is still seen as a "work in progress," according to company leaders.
April 30 -
Rep. French Hill, the No. 2 Republican on the House Financial Services Committee, promised bankers Tuesday that he will continue to push back against Biden administration regulators, especially on bank-fintech partnerships and digital assets.
April 30 -
The investment giant said its direct-to-consumer channel will offer ancillary products in preparation for any future refinance environment.
April 30 -
But strong g-fees, a positive credit-loss adjustment and stable home prices bolstered results despite declines in mortgage purchases to lows not seen in some time.
April 30