Underwriting

Institutions obtaining financing from the FHLB that's secured by their mortgages can now use the advanced score to underwrite collateral loans.

A look at Home Mortgage Disclosure Act data of similarly situated conforming applicants also finds some lenders' own comments for the rejection doesn't match up with the reason given, the Federal Reserve Bank of Minneapolis said.

The company, and Rocket, had been targets of United Wholesale Mortgage's All-In campaign, which punished independent brokers who did business with the UWM rivals.

In the wake of the Surfside condo collapse, Freddie Mac and Fannie Mae instituted stricter rules regarding the soundness of this crucial form of housing stock as it ages. In response to complaints about a lack of clarity on buildings deemed unfit for financing, the GSE unveiled plans to improve transparency for both homeowners associations and lenders. 

At the same time, the Hilltop Holdings unit expects its gain-on-sale margins to remain pressured in the coming year.

Industry consolidation has resulted in fewer conventional and government loan programs being offered to consumers.

Over one-quarter of consumers said they are open to making misstatements to get a house, while 60% gave an answer besides absolutely not when asked if they would follow advice to put in misleading information.

Those who establish a history of paying for housing may be able to buy and live in property with rental income, but there are risks to the emerging strategy.

The title company was also attacked in 2019 and joins Fidelity National and Mr. Cooper among recent victims.

The effects of expected lower mortgage interest rates are boosting a lot of different facets of the housing market.