Origination

Convicted former MBA Chairman Ron McCord and his Oklahoma-based company settled CapLoc's allegations that they put fraudulent loans on a funding line.

If the proposal goes into effect, lenders and servicers will have to provide more detailed information about the makeup of their organization, as well as any incidents that are impacting their financial wherewithal.

Lenders had started tightening as early as the fourth quarter in anticipation of a possible recession. Now, the banking crisis is driving community and regional banks in particular to hit the brakes harder, stoking renewed recessions fears.

The related rewards are targeted to both new homebuyers and existing mortgage servicing clients.

Home prices nationally fell 0.2% from December, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.

The primary cause is agency put-backs and fixing the problems is difficult in a rising rate environment.

Almost twice as many homes on sale in February saw a reduction in housing costs compared to a year ago, as elevated interest rates limit how much buyers can afford.

A bill passed related to broker engagement contracts is similar to Utah's and North Dakota's, according to the American Land Title Association.

The requirement to use supplies made in this country will negatively affect home affordability, according to a coalition of 24 groups and individuals led by National Housing Coalition.

Fewer than 200 staffers were offered different roles in other parts of the company while a handful, including some loan officers, were let go.