Subject Root Tag

New starts in the first half of the year came in 19% higher than early 2020, but primarily affected long-delinquent properties protected by moratoriums.

The company looks to leverage its understanding of credit risk developed through its mortgage insurance and analytics operations.

Led by Rep. French Hill, the group of conservative lawmakers said the agency must do more to ensure appropriate transparency regarding any new products or activities that the enterprises undertake.

The company said the newly named branch will add direct lending later this year.

Although refinances picked up after the July 4th holiday, they failed to offset a larger decline in purchases.

High inflation and aggresive interest rates hike are expecting to slow down consumer spending.

The organization has a new sample notice, the statement of credit denial, termination, or change form, with an accompanying XML file for implementation.

The figures reaffirm price pressure are rampant and widespread across the economy, and having effect on real wages.

Switching to a system in which the buyer pays an agent’s fee out of pocket would be most damaging to minorities and first-time home buyers, who could have more difficulty in qualifying for a loan, the HomeServices of America paper said.

Jumbo and adjustable-rate offerings increased during the month, but that was offset by a decline in government loans, leading to an overall drop in MBA’s credit availability index.

The company will also shed real estate, reduce marketing expenses and restructure its operations as part of a three-year plan.

The government-sponsored enterprises divested themselves of the largest share of these loans since they first began selling them in 2014, a Federal Housing Finance Agency report found.

Soaring housing prices and inflation are making it more difficult to buy a home, which could cool the San Antonio area's sizzling real estate market.

Ryan Donovan, a longtime credit union advocate and executive vice president of the Credit Union National Association, will officially succeed John von Seggern on Sept. 6.

Intercontinental Exchange's move to acquire Black Knight and Lower's purchase of Hamilton Home Loans are just some of the latest developments to monitor in the space.

Wells Fargo CEO Charlie Scharf hired Mike Weinbach in 2020 as part of a broader organizational shake-up. The former JPMorgan Chase executive is leaving in mid-September as the consumer lending group transitions to a new leader.

The outspoken former Trump administration official recently made headlines when he referred to the mortgage industry as a “ticking time bomb.”

The use of rent data in credit models is allowing people with low credit scores or thin credit files to get loans. But consumer advocates warn the use of that data could harm the very people it’s supposed to help. 

At least 300 workers were told they were terminated in a videoconference last week that ended abruptly and they were not given information about severance, according to the lawsuit.

Higher rates are also affecting the share of loans that actually go all the way to closing, Black Knight found.