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Through Operation Corrupt Collector, the bureau is coordinating with over 50 other state and federal agencies to target firms for wrongdoing and inform consumers of their rights3h ago
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Approximately 75% of the quarter-to-quarter growth came from multifamily mortgage originations.3h ago
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For the majority of borrowers, interest rate research for mortgage refinancing came with unwanted and annoying sales calls, which could ultimately hinder potential business for lenders.September 28
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Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.September 25
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The agency’s report on mortgage data submitted by lenders identified persistent disparities between white borrowers and minorities in denial rates and pricing. Some observers say the bureau should have been more explicit as the nation wrestles with systemic racism.September 24
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The agency reported signs of stress on the credit quality in residential loans serviced by seven large banks as a result of the COVID-19 pandemic.September 23
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Commercial real estate loans are vulnerable as financial assistance for tenants winds down and might not be fully renewed. Late rent payments could rise, leading lenders to press landlords to pay up.September 23
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Mortgage applications increased 6.8% from one week earlier as this summer's surprise purchase demand has carried over to the fall, according to the Mortgage Bankers Association.September 23
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The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.September 23
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But the group is more conservative than Fannie Mae when it comes to interest rate movements over the next six quarters.September 22
