The National Association of Home Builders of the United States has endorsed the Tokyo Declaration, which it said is "a major advancement in the effort to improve the quality of housing and living environments throughout Japan."The NAHB recently chaired the International Housing Association's first-ever meeting in Asia, at which participants from nine countries signed the landmark agreement supporting enactment of a National Housing Act for Japan. NAHB immediate past president Bobby Rayburn, a homebuilder from Jackson, Miss., said the "first-of-its-kind declaration emphasizes the important role IHA plays in improving the quality of housing for people across the globe." The NAHB can be found on the web at http://www.nahb.org.
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Mortgage rates rose 7 basis points this week, Freddie Mac said, and more increases are likely following a weaker than expected gross domestic product report.
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Independent mortgage bankers lost the most money ever on every loan originated last year due to higher rates and lower volumes, an industry trade group said.
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While home lenders are seeing a decrease in issues coming through mobile channels, phone fraud spiked last year, accounting for 28% of losses, a new report found.
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The massive mortgage business saw a first quarter profit mitigated by nearly $300 million in hedging losses.
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The Consumer Financial Protection Bureau has seen excessive property-inspection charges, fees that loan mods should eliminate and improper line-item labels.
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Michael Tannenbaum, whose experience in the financial services industry spans over 15 years, has a track record of helping companies scale and grow.
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