Organization Root Tag

The proposal is out for comment through May 1, and the initial mortgage lender reaction is that the measure could be helpful with remote work and budgeting.

The cuts amount to less than 1% of Citigroup's 240,000-person workforce, according to people familiar with the matter.

A week after it dropped to a 28-year low, purchase activity decreased again by over 5%, according to the Mortgage Bankers Association.

Consumer Financial Protection Bureau Director Rohit Chopra says the bureau is continuing with its enforcement agenda and that financial firms face risks from the Supreme Court case.

In Jay Farner's last earnings call as CEO, management emphasized long-term client development efforts like the forthcoming credit card program.

The company reported an $80 million loss for the three-month period on mortgage servicing rights declines but $26 million in net income for the year.

However, while the "market share" analysis is a useful check on the reasonableness of benchmark levels, it is impacted by any errors in the HMDA data, notes a former principal economist at the Federal Housing Finance Agency,

While it isn't a partnership between the firms, Amazon Web Services powers the loan origination system for the lender, which has funded over $1 billion in mortgage volume with the online retail giant's workers.

As many had predicted, the federal regulator will be seeking to halt the acquisition by Intercontinental Exchange, according to a report from Politico.

The California-based lender will also have to pay a $1 million penalty

The closely watched case — which goes to the heart of how the Consumer Financial Protection Bureau operates — could have a huge impact on consumers, the agency and the many industries it oversees and those it seeks to regulate.

Overall, depository share has shrunk, but the major player, which had reduced its involvement, has been increasing it and recently shared some thoughts with a HUD official.

Reducing access to funding would harm both homebuyers and communities across the country.

But even if plowing back into Treasuries proves to be a winning trade, sticking with it won't be for the faint of heart. 

Depending on the down payment, borrowers could see a .15% to .30% decrease

New starts increased for the fourth month in a row, but are still below pre-pandemic numbers, according to Black Knight's preliminary figures.

The Consumer Financial Protection Bureau has taken an important step in saying that it would work to root out unfair practices in all banking services. This is will help ensure all customers are treated fairly.

Persistent inflation concerns drove the 30-year average up 41 basis points this month.

The biennial inquiry comes at a time when many are questioning the use of Federal Home Loan bank advances and the system's overall impact on housing.

The cuts add to thousands across the home-lending industry in recent months after the Federal Reserve raised interest rates and cooled what had been a red-hot housing market.