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The Federal Housing Administration is giving servicers more leeway to automate borrower contact but it's also requiring them to reach further afield.
December 11 -
Mortgage lenders can now submit loan information through VA's new management system, replacing the need for email submissions.
December 11 -
In testimony before the Senate Banking Committee, Consumer Financial Protection Bureau Director Rohit Chopra said he has no plans to resign ahead of President-elect Donald Trump's inauguration, suggesting he will wait to be fired instead.
December 11 -
Workers in the bank's conduct management intake group joined colleagues at 23 Wells Fargo branches in approving a union.
December 11 -
Consumers are signing more multi-month viewing contracts with agents and requesting homeowners insurance incentives from sellers, a Homelight survey finds.
December 11 -
Scott Bessent, President-elect Donald Trump's pick to serve as Treasury secretary, is aiming to build support for his nomination
December 11 -
Annualized inflation increased to 2.7% in November from 2.6% the previous month, providing further evidence that the economy remains strong despite restrictive monetary policy.
December 11 -
Department of Veterans Affairs-backed refinances were up 85% weekly, contributing to a busy week for the loan type.
December 11 -
President-elect Donald Trump may opt to bypass Democratic suggestions for minority party seats on the Federal Deposit Insurance Corp.'s board of directors, setting up potential conflicts with Senate leadership over regulatory appointments.
December 11 -
The top five lenders have an average wholesale origination volume of more than $5 billion.
December 11 -
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Mat Ishbia urged brokers to understand how the increases in credit score and report costs affect both them and the borrowers they serve.
December 10 -
A New York Times report suggests the majority of the NAR affiliate's grants to right-leaning organizations are out-of-line with its housing-related mission.
December 10 -
A slower rate of price increases would boost the likelihood of an interest-rate cut that could expand loan demand and lower banks' deposit costs. A higher pace of inflation, however, could derail those catalysts.
December 10 -
But the Federal Housing Administration program was the only mortgage loan type to gain market share month-to-month as measured by rate lock percentage.
December 10 -
A new question field on the Consumer Financial Protection Bureau's consumer complaint form is tied to an advisory opinion on customer service related to customers' requests for information, industry experts say.
December 10 -
Lenders face rising costs from new regulations, including a first-of-its-kind AI law impacting companies that serve Colorado consumers.
December 10 -
Fannie Mae's Consumer Housing Sentiment Index rose in November, continuing its steady climb and showing significant improvement compared to the same period last year.
December 9 -
An interest rate drop spurred an unusually high number of recently originated mortgages to prepay, and one loan type proved to be particularly reactive.
December 9 -
Continued reductions by the Federal Reserve in short-term interest rates should benefit mortgage volume, and thus title insurance activity, Fitch Ratings said.
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