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Demographics are shifting, creating more prospective minority homebuyers than ever before. But predominant underwriting processes and these would-be borrowers' financial backgrounds are holding them back.
January 5
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Deutsche Bank is considering an unusual approach to providing relief to subprime mortgage borrowers as part of a $7.2 billion settlement with the U.S. government: lending money to private equity firms and hedge funds.
January 5 -
Donald Trump's election sent interest rates higher, and the mortgage industry is waiting to see what other effects he will have. Here's a look at how the housing market performed during the first years of recent presidencies.
January 4
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President-elect Donald Trump's choice of well-known Wall Street lawyer Jay Clayton to head the Securities and Exchange Commission was a relatively safe move that suggests his other financial appointments may be equally conservative, industry observers said.
January 4
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In hindsight, the U.S. Treasury's support of Fannie Mae and Freddie Mac was structured in a way that proved to be counterproductive.
January 4
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The bank formerly run by Steven Mnuchin, President-elect Donald Trumps' nominee to head the Treasury Department, allegedly used illegal practices in foreclosing on delinquent homeowners, according to a leaked 2013 memo from the California Attorney Generals Office.
January 3 -
The Senate Banking Committee will have six fresh faces in the new Congress as Republicans grapple with a slimmer majority.
January 3
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In an enforcement action totaling more than $23 million in fines and restitution, the Consumer Financial Protection Bureau found that TransUnion and Equifax two of the largest consumer credit reporting agencies had misled consumers on the value of the data they marketed.
January 3
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The Office of the Comptroller of the Currencys decision to offer a special-purpose charter for fintech firms may entice more players than expected, including mortgage lenders.
January 3
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The new year is shaping up to be the one in which sizable changes to the Dodd-Frank Act are finally enacted, thanks to Republican victories in the White House, Senate and House.
January 3
