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CFPB Director Kathy Kraninger faced a barrage of questions from Democrats on the House Financial Services Committee over why the agency has not demanded refunds for consumers in recent settlements.
October 16 -
The Minneapolis company attributed the uptick to new tech tools, additional loan officers and other process improvements — not to mention the refi boom fueled by lower rates. It’s a formula other banks are expected to copy.
October 16 -
Bank of America's total first-mortgage originations rose while its home equity production decreased in the third quarter.
October 16 -
Mortgage lenders prefer to invest in improvements to their consumer-facing technology because it offers a better return than similar spending on back-end processes, according to Fannie Mae.
October 16 -
Executives sent a letter to the federal banking regulators last month expressing concern that an alternative to the London interbank offered rate could limit credit availability.
October 16 -
Homebuilder sentiment climbed to the highest level since February of last year as cheaper borrowing costs and a still-sturdy job market lifted measures of prospective buyer traffic, sales and the demand outlook.
October 16 -
Mortgage applications increased 0.5% from one week earlier, although interest rate instability affected consumers' ability to get the best price for their loan, according to the Mortgage Bankers Association.
October 16 -
The Minneapolis bank says recent investments in its retail operation contributed to strong improvement in home lending and mortgage banking fees.
October 16 -
As global warming contributes to the spread of wildfires, those fires lead to the destruction of homes, mortgage delinquencies and defects. From Texas to California, these are the 15 housing markets with the highest wildfire reconstruction costs, according to CoreLogic.
October 15 -
Origination volumes continued to drift upward at JPMorgan Chase and Wells Fargo in the third quarter as mortgage servicing rights values fell more sharply than some analysts expected.
October 15 -
The $50.4 million participation is the largest loan in UBS' next $807.3 million commercial mortgage securitization.
October 15 -
A list of upcoming cases published by the high court did not include a challenge to the bureau's constitutionality, but the justices could still decide to review it at a later date.
October 15 -
National Cooperative Bank is starting a conduit to purchase Federal Housing Administration-insured mortgages that are at least 60 days' delinquent with the aim of turning them back into performing loans.
October 15 -
Colorado has five counties where more than half of the homes are vacation properties, and the state's vacation homes, those near ski resorts, are among the most expensive in the country, according to the National Association of Realtors.
October 15 -
Freddie Mac is postponing the date it will make using its Servicing Gateway platform mandatory, and adding new requirements related to chargeoffs and interactions with document custodians.
October 11 -
The Office of the Comptroller of the Currency found deficiencies related to the bank's holding period for "other real estate owned."
October 11 -
CFPB Director Kathy Kraninger announced the creation of a task force to research and identify potential conflicts in consumer finance law.
October 11 -
Most home sellers are stressed around issues involving time and money — two things they can't control — because those affect the purchase and financing of their next home, a Zillow survey found.
October 11 -
Maren Kasper, who has led Ginnie Mae in the absence of a permanent president, is leaving the agency on Oct. 18 to pursue an opportunity in the private sector.
October 10 -
Home values posted the largest month-over-month spike in over five years due to continued buyer demand, according to Quicken Loans.
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