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While refinances shot up, purchase lending saw a second weekly pullback according to the Mortgage Bankers Association.
February 7
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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.
February 6
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The majority of users are looking for new credit lines and others want to improve their scores. Credit monitoring by consumers may be a good indicator of both, Transunion found.
February 6
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Americans' decades-long love affair with the U.S. West appears to be souring as high housing costs in San Francisco, Los Angeles and Seattle encourage migration to the South, a new analysis shows.
February 6
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First National Bank of Pennsylvania, a unit of FNB Corp., ran into trouble in connection with North Carolina operations it acquired from Yadkin Financial in 2017.
February 5
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There will still be local oversight. Incentives to maintain registered offices will include listing in an online lender search tool and access to certain data.
February 5
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Fannie Mae also will be making a four-figure adjustment available next month and Freddie Mac is contemplating expanding its program to a new income tier.
February 5
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The cracks in the commercial real estate market are widening from offices to apartment complexes, with more than $67 billion of the housing potentially distressed as borrowers struggle to repay loans extended during the height of the pandemic.
February 5
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This legislation, which would be the first of its kind if passed, would apply to sellers who finance the rate buydowns made through the end of 2025.
February 5
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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.
February 2
