Unite Here, a New York-based labor union, has launched a website that it terms "an open resource on the subprime lending crisis and the nation's No. 1 subprime lender, Countrywide Financial Corp."Unite Here, which says it represents over 450,000 North American members, said it has also sent a survey to 1,500 borrowers who took out Countrywide adjustable-rate mortgages. The union said it will use the survey to research customers' experience, including knowledge of the terms of loans at the time they were made. The new website can be found at http://www.eyeoncountrywide.info, and the union can be found at http://www.unitehere.org.
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The Housing for the 21st Century Act includes provisions covering policy, manufactured homes and rural infrastructure introduced in a prior Senate proposal.
February 6 -
Mortgage loan officer licensing saw its first rise since 2022 as Fannie Mae projects $2.4T in 2026 volume. Experts eye a market reset amid improving affordability.
February 6 -
The secondary market regulator will formally publish its own rule on Feb. 6, after a comment period and without making changes to what it proposed in July.
February 6 -
The FHFA chief told Fox an offering could be done near term - but may not be - while a Treasury official addressed conservatorship questions at an FSOC hearing.
February 6 -
Bowing to industry pressure, the Consumer Financial Protection Bureau is warning consumers with notices on its complaint portal not to file disputes about inaccurate information on credit reports, among other changes.
February 5 -
The mortgage technology unit at Intercontinental Exchange posted a profit for the third straight quarter, even as lower minimums among renewals capped growth.
February 5




