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Mortgage finance stakeholders must pay careful attention to “nuts-and-bolts” which, if ignored or misunderstood, can become landmines when implementing even the most well-intended new policies or practices writes a senior advisor at the Milken Institute Center for Financial Markets

The bank asked to move the discrimination case from a Black magistrate to a supervising White district judge, which attorneys for plaintiffs said was an attempt to ‘redline the federal court.’

The moves are the latest executive changes at the company since Chris Marshall moved up to president.

While numbers have been increasing, it will be some months before they get back to pre-pandemic levels, according to Attom Data Solutions.

The unexpectedly swift increase may dampen some of the home-buying demand seen in the past year.

Anticipation of the Federal Reserve’s balance-sheet reduction is weighing on bonds backed by mortgages, but the actual event may make them an attractive alternative to corporate debt.

In a new report, the Government Accountability Office issued a list of recommendations for the department’s Native American Direct Loan program, which has benefited less than a tenth of one percent of eligible U.S. borrowers in 10 years.

An incident at American Financial Resources compromised the information of 216,645 borrowers, the company acknowledged.

Federal housing funds are targeted at building more apartments, not promoting homeownership, which is essential to building intergenerational wealth. There's an easy fix lawmakers have long ignored.

The government-sponsored enterprise has already done twice as many of these deals as it did during all of 2021.

The lender and the home improvement retail chain will facilitate eligible borrowers paying for energy-efficient appliances using Federal Housing Administration loans.

The Consumer Financial Protection Bureau is examining whether artificial intelligence discriminates against minorities and other applicants. But GreenState Credit Union in Iowa says the technology can be harnessed to make lending fairer in underserved communities.

This part of the city's market is still struggling to recover from the pandemic, lagging the frenzied overall housing market in speed and price appreciation.

Sales of previously owned U.S. homes fell in March to the lowest since June 2020 as historically low inventory paired with rising mortgage rates curbed purchases.

Moving towards bank-like capital standards for all independent mortgage banks that sell loans to Fannie Mae and Freddie Mac could limit consumer access to mortgage credit, writes Community Home Lenders Association executive director Scott Olson.

U.S. mortgage applications slid for a sixth straight week as mortgage rates climbed to a 12-year high, weighing on both home purchases and refinancing.

The tech firm cited an expected 60 to 70% drop in refinance volume as reason for the layoffs, which affect employees in the company’s title business and general administrative duties.

In the agreement, the bank denied allegations that it refused to issue a mortgage until one of the applicants returned to work from maternity leave.

But re-entries crept up, while the percentage of borrowers exiting plans without loss mitigation in place increased.

Economists have largely slashed mortgage forecasts for 2022, but only the government-sponsored enterprise expects lower purchase volume for 2023, citing the likelihood of a downturn.