The Mortgage Bankers Association launched the "Home Loan Learning Center," a new online consumer website (www.homeloanlearningcenter.com) that provides basic home buying and homeownership information for interested consumers.Topics include the importance of credit history and ways how to improve it before applying for a mortgage loan, how to find the right home, the mortgage lender and loan product that best fits their financial situation, and also how to select the right lender, offering a complete home buying and homeownership information resource. MBA president and CEO Jonathan L. Kempner said the MBA hopes the new site "will give people interested in becoming homeowners the knowledge they need to more confidently navigate through the mortgage transaction process."
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The national delinquency rate rose 15 basis points to 3.5% last month due to a calendar anomaly, marking a 4.5% month-over-month incline and 9.4% annual change.
June 26 -
ICE launched a fraud detection tool for underwriters, Newrez partnered with Matic and Rate announced a free home equity monitoring tool this month.
June 26 -
Nearly one-third of states now have official nonbank standards for liquidity, capital and corporate governance that firms over a certain threshold must meet.
June 26 -
KBW now rates UWM as outperform, and BTIG calls the stock a buy, but both cite high leverage levels and industry macro trends depressing its stock price.
June 26 -
If approved, the deal can provide relief for the approximately 662,000 individuals affected by an incident at the mortgage vendor last November.
June 26 -
Properties outside of the 100-year flood zone exposed to $375 billion to $1 trillion in losses, Moodys reports
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