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Lenders contend the proposal goes beyond policing third-party debt collectors and could expose banks to enforcement actions and lawsuits.
November 25 -
Lenders have bundled more than $18 billion worth of non-QM, private-label loans into bonds this year that they then sold to investors, a 44% increase from 2018 and the most for any year since the securities became common post-crisis.
November 18 -
The third-quarter delinquency rate fell to its lowest point since 1995, according to the MBA. However, Attom Data Solutions' numbers show foreclosure filings experienced a near-term growth spurt in October.
November 14 -
The percentage of recent mortgage borrowers with subprime credit scores still resides in the single digits, but nearly doubled what is was in 2013, according to TransUnion.
November 13 -
Home loan originations rose by double digits in the third quarter while auto loan originations approached an all-time high, according to new household credit data from the New York Fed.
November 13 -
Overall home-loan delinquencies remain near 20-year lows, but in Iowa, Minnesota, Nebraska, Rhode Island and Wisconsin, they are inching up in moves that may be tied to local economic concerns.
November 12 -
Tom Marano, a former Bear Stearns banker, was apparently well compensated following the housing crisis for heading up ResCap and Ditech, both of which went into bankruptcy.
November 11 -
There are many ways to mark the economic progress since the Great Recession: over 100 months of job gains, record low unemployment and a long bull run on Wall Street.
October 29 -
Figure Technologies, which has made $600 million in home equity loans in the past year, says its next move will be refinancing student loans.
October 25 -
In her second day of congressional testimony, Kathy Kraninger took heat from Senate Democrats for weighing in on constitutional questions about her agency and for her enforcement track record.
October 17