Organization Root Tag

The Johnny Isakson and David P. Roe Veterans Health Case and Benefits Improvement Act includes a provision that extends eligibility for VA loans to certain full-time National Guard and Reserve members.

The Federal Reserve has already agreed to shut down emergency credit programs funded by the Coronavirus Aid, Relief and Economic Security Act, but Sen. Pat Toomey, R-Pa., and others want Congress to ensure the central bank cannot revive them.

Noninterest income has bolstered profits this year. But its growth is expected to slow over the next two years, making for a gloomy earnings outlook unless vaccine distributions and the economic recovery are relatively swift.

The proposal builds on guidance the agency gave to Fannie Mae and Freddie Mac earlier this year.

Fiscal policy concerns, rather than economic data, are driving rate changes right now, economist says

The percentage of seriously delinquent loans hit 5.8% in the third quarter, up from 1.5% a year earlier but down from 6.8% in the second quarter.

The deadline for inclusion in Ginnie mortgage-backed securities has been extended and an exception will be made for some participations.

Homebuilder confidence eased slightly in December to the second-best level on record following the prior month’s peak, signaling that low mortgage rates are still giving the industry a major boost.

Mortgage applications increased 1.1% from one week earlier as a decline in rates to yet another low point brought consumers into the market, according to the Mortgage Bankers Association.

With coronavirus inoculations underway and government stimulus likely to come, the outlook for next year’s housing market and lending environment grew more optimistic in December.

Treasury Secretary Steven Mnuchin has all but ruled out letting Fannie Mae and Freddie Mac exit U.S. control before he steps down, leaving it to the Biden administration to decide the fates of the mortgage giants.

The forbearance rate continued its improvement, but the surge of COVID-19 cases could lead to more borrowers needing mortgage relief, according to the Mortgage Bankers Association.

There are people creating a lot of unrealistic scenarios about market risk.

The industry is now likely to top 2019's nearly $16 billion in premiums written.

While 12,000 mortgages exited forbearance, the most borrowers entered forbearance protection in a week since early September, according to Black Knight.

But late payments for all other investor types rose compared with the second quarter.

The head of the House Financial Services Committee is already exerting influence by handing the president-elect a laundry list of Trump regulatory policies that she wants the incoming administration to reverse.

The November foreclosure rate represented an 80% decline from the year before, according to Attom Data Solutions.

The consumer bureau's revamp of criteria for "qualified mortgages," a special regulatory class of loans free from liability, emphasizes pricing instead of a borrower's debt-to-income ratio.

The average gain per homeowner on a year-over-year basis was the most in six years.