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A bevy of housing advocates spoke against President Trump's threat to remove the Affirmatively Further Fair Housing Rule, a regulation that aims to end racial segregation.July 2
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Tom Pahl, a former longtime regulator at the Federal Trade Commission, has led key rulemaking efforts for the consumer bureau.July 2
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As the country wrestles economic volatility, millennial homeownership demand rises, fueled by historically low mortgage rates.July 1
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The collateral in the $338 million also includes a large subset of mortgages (45% of the pool) that are considered "dirty current" loans with recent delinquent status.July 1
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Mortgage application volume was down for the second consecutive week, this time by 1.8%, as a new record low for rates was not enough to overcome diminished demand, according to the Mortgage Bankers Association.July 1
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First American's Loan Application Defect Index is higher on a month-to-month basis for the first time since February 2019.June 29
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Some observers said the central bank should have suspended dividends entirely in response to an unprecedented economic emergency caused by the pandemic. Others said its more cautious moves were appropriate because big banks' capital is strong and the economy could bounce back.June 26
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Compared with the week prior, approximately 83,000 more loans from all investor types became forborne.June 26
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For banks with assets between $10 billion and $100 billion, the average exposure is 165% of capital.June 24
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Even as interest rates remained at record-low levels, mortgage application activity for both purchases and refinancings declined compared to one week earlier, according to the Mortgage Bankers Association.June 24
