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A look at Home Mortgage Disclosure Act data of similarly situated conforming applicants also finds some lenders' own comments for the rejection doesn't match up with the reason given, the Federal Reserve Bank of Minneapolis said.
February 6
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The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.
February 6
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Americans' decades-long love affair with the U.S. West appears to be souring as high housing costs in San Francisco, Los Angeles and Seattle encourage migration to the South, a new analysis shows.
February 6
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The Independent Community Bankers of America, American Bankers Association and other groups filed a lawsuit arguing that recent reforms to implementing regulations for the Community Reinvestment Act exceed statutory authority.
February 5
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There will still be local oversight. Incentives to maintain registered offices will include listing in an online lender search tool and access to certain data.
February 5
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Fannie Mae also will be making a four-figure adjustment available next month and Freddie Mac is contemplating expanding its program to a new income tier.
February 5
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The cracks in the commercial real estate market are widening from offices to apartment complexes, with more than $67 billion of the housing potentially distressed as borrowers struggle to repay loans extended during the height of the pandemic.
February 5
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This legislation, which would be the first of its kind if passed, would apply to sellers who finance the rate buydowns made through the end of 2025.
February 5
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The company, and Rocket, had been targets of United Wholesale Mortgage's All-In campaign, which punished independent brokers who did business with the UWM rivals.
February 2
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It's possible that the remaining litigation could be resolved by mid-year, wrote Keefe, Bruyette and Woods analyst Ryan Tomasello
February 2
